Coming out of the Great Recession, there was a rush by real estate sponsors to raise “blind pool” capital to take advantage of displacement and distress in the real estate market. From 2009 through 2010, 30 new public real...more
9/20/2023
/ Capital Raising ,
Commercial Property Owners ,
Disclosure Requirements ,
Financial Distress ,
Initial Public Offering (IPO) ,
Investors ,
Offerings ,
Past Performance ,
Real Estate Investments ,
Regulation A ,
Regulation CF ,
REIT ,
Securities and Exchange Commission (SEC) ,
Sponsors
In March 2015, the Securities and Exchange Commission (SEC) adopted amendments to Regulation A, which expanded the Regulation A exemption from the Securities Act of 1933 (the Securities Act) registration for public offerings...more
7/18/2023
/ Capital Formation ,
Corporate Issuers ,
Enforcement Actions ,
Financial Statements ,
Offerings ,
Publicly-Traded Companies ,
Regulation A ,
SEC Comment Letter Process ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Settlement
In recent periods, a number of prominent non-traded real estate investment trusts (REITs) disclosed that repurchase requests from stockholders under their share repurchase plans exceeded monthly or quarterly repurchase limits...more
When a public REIT acquires or disposes of real estate, the transaction may trigger financial disclosure requirements under SEC rules and guidance. Specifically, Rule 3-14 of Regulation S-X (“Rule 3-14”) sets forth the...more
11/16/2022
/ Acquisitions ,
Commercial Leases ,
Disclosure Requirements ,
Financial Statements ,
Form 10-K ,
Real Estate Investments ,
Real Estate Transactions ,
Real Estate Transfers ,
Regulation S-X ,
REIT ,
Securities and Exchange Commission (SEC)
On February 10, 2022, the U.S. Securities and Exchange Commission (“SEC”) proposed amendments designed to modernize the rules governing beneficial ownership reporting. Section 13 of the Securities Exchange Act of 1934, as...more
5/10/2022
/ Beneficial Owner ,
Comment Period ,
Institutional Investors ,
Proposed Amendments ,
Publicly-Traded Companies ,
Reporting Requirements ,
Rulemaking Process ,
Schedule 13D ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Regulation
More than 15 years ago, on behalf of an internationally recognized financial services firm, Goodwin created the first open-ended non-traded REIT structure that allowed for regular sales and redemptions at net asset value...more
Regulation A provides an exemption from the registration requirements of the Securities Act of 1933 (the “Securities Act”) for offers and sales of securities up to $20 million, for Tier 1 offerings, or up to $50 million, for...more
The Securities and Exchange Commission (SEC) last week sued Longfin Corp., a financial technology company that recently entered the cryptocurrency space, as well as Longfin’s CEO and three others affiliated with the company....more
Public REITs and other sponsors of real estate funds and projects have traditionally enjoyed the benefit of a broad range of choices to raise capital. Public REITs can obtain financing on a project-by-project basis or at the...more
Publicly traded REITs today face an increased risk of potential shareholder activism, proxy fights and otherwise hostile overtures. In response to this growing trend, public REITs should examine their corporate governance...more
A Guide to Real Estate Crowdfunding Today -
The idea of creating large scale syndicates to purchase real estate is a classic concept.
Large scale syndication traces its roots directly back to the 1920’s, when...more