Securities
Oct. 26, 2013
REITs look to private offerings
Some of the heavily regulated companies are opting for cheaper and quicker private offerings now that they can advertise, thanks to a new SEC rule.
Daily Journal Staff Writer
With the 2012 Jumpstart Our Business Startups Act, or JOBS Act, rule that last month lifted an 80-year-old ban on public advertising for investments, some nontraded real estate investment trusts have started looking at alternatives to a costly registration filing with the Securities and Exchange Commission. The move comes amid a record fundraising year for nontraded REITS, having already raised $12 billion -...
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