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Strategies & Market Trends : Dividend investing for retirement
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To: Steve Felix who wrote (21108)11/3/2014 7:12:49 PM
From: E_K_S1 Recommendation

Recommended By
geoffrey Wren

  Read Replies (1) of 34328
 
Re: Cole Credit Property Trust V, Inc.

First this - American Realty Capital to Buy Cole for $6.85 Billion (dated 10/23/2013)

One year later

Then this - Onetime rival Cole now a selling machine for Schorsch
Asset manager expected to raise $3.1 billion this year for American Realty Capital Properties
July 2014

Sales will be spurred by anticipated new selling agreements with broker-dealers, including industry leader LPL Financial, for Cole Credit Property Trust V Inc., according to David Kay, president of American Realty.

“LPL represents north of 12,000 advisers, and they have just come on in the past week,” Mr. Kay said. Another fund could be introduced soon. “There's a significant number of new firms, as well. We are building business for the future.”
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The best I can figure is that the COLE division was selling these non-traded REITs . Not sure I even want to be associated w/ a company that sells these products. If anything is sour, it would be the way these transactions are accounted for including broker's commissions, client's shares and account values and (IMO) most everything that goes into selling these products.

My smell test says something may be rotten here, specifically in these non-traded REITs.

(Re: Cole Credit Property Trust V - Just speculation on my part but definitely no transparency from what I can find. A list of the properties and income w/ cap rates would be a good first start.)

EKS
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