Search found 6 matches

by Rational Realist
Fri Jul 08, 2011 2:39 pm
Forum: Cole REITs
Topic: Cole Tries to Sneak One Past Investors
Replies: 9
Views: 19539

Re: Cole Tries to Sneak One Past Investors

Altadv121, WTF, why the personal attack, and who is treating Cole with kid gloves? I just corrected the leverage, making the assumptions that all acquisition debt would be repaid. You have to look at the final leverage, while understanding the acq financing, and then monitor the REIT to make sure th...
by Rational Realist
Thu Jul 07, 2011 11:05 am
Forum: Cole REITs
Topic: Cole Tries to Sneak One Past Investors
Replies: 9
Views: 19539

Re: Cole Tries to Sneak One Past Investors

I get the final debt ratio at 55%, as part of the third party loan contains a mezz piece that after repayment puts final loan amount at $18 mill or ~55%.
by Rational Realist
Wed Apr 20, 2011 7:01 am
Forum: American Realty Capital REITs
Topic: American Realty Capital REIT Puts Sale Process In Motion
Replies: 7
Views: 18882

Re: American Realty Capital REIT Puts Sale Process In Motion

Here is an August 2006 article from the Philadelphia Inquirer: http://articles.philly.com/2006-08-18/business/25397486_1_nicholas-s-schorsch-american-financial-realty-trust-wachovia It's a short, but informative article. Here it is: American Financial Realty Trust, the Jenkintown firm that aspires t...
by Rational Realist
Wed Apr 06, 2011 9:11 am
Forum: American Realty Capital REITs
Topic: I Run A Non-Traded REIT, And I Am A Rock Star
Replies: 4
Views: 15372

Re: I Run A Non-Traded REIT, And I Am A Rock Star

Hey, I liked that sports analogy sentence! You're right about the low performance bar, and I implied it but did not state it. ARCT initiated the stock plan in Jan of 2010, well after most brokerage firms would have approved the REIT in late 2008 or early 2009. Now, in the final months of raising cap...
by Rational Realist
Thu Jun 03, 2010 9:49 am
Forum: Behringer Harvard REITs
Topic: Dividends Should NOT be Paid From Offering Proceeds!
Replies: 5
Views: 27820

Re: Dividends Should NOT be Paid From Offering Proceeds!

My post last night was wrong when I said BH Multifamily was paying a 7.25% distribution, it is paying a 7.00% distribution. BH Multifamily filed an 8-K June 1, which confirmed the 7.0% distribution. The 8-K had some strange and confusing language and sounds like a hedge for a future distribution cut.
by Rational Realist
Wed Jun 02, 2010 10:54 pm
Forum: Behringer Harvard REITs
Topic: Dividends Should NOT be Paid From Offering Proceeds!
Replies: 5
Views: 27820

Re: Dividends Should NOT be Paid From Offering Proceeds!

The Behringer Harvard Multifamily REIT is following BH REIT I's footsteps. A 7.25% dividend ( I think) and a negative FFO in the first quarter. A read of the REIT's most recent 10-Q brings to question whether this REIT will ever even have positive FFO, let alone cover its dividend. The high dividend...