I recently spoke at the IMN Non-Listed Alternative Investment Products Symposium on Private vs. Public Structures. REITs can be structured as a publicly-traded REIT, a public non-listed REIT sold to retail investors, or a private Reg.D fund that is sold to either accredited investors or qualified buyers. The structure determines its distribution and there have been numerous regulatory changes since the 2008 Recession. Whether the non-listed funds list to trade publicly depends upon many factors including size, metrics, geographic and tenant diversity, and costs.
Tags: Merrie Frankel, Merrie S Frankel, Minerva, Minerva Realty Consultants, IMN