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CNL Opts to Dissolve Non-Traded Multifamily REIT

May 27, 2016
13-Property Multifamily Portfolio Goes Up for Grabs

CNL Growth Properties Inc., one of several non-traded REITs managed by Orlando-based CNL Financial Group, has decided to liquidate all of its multifamily properties and dissolve the company after completing a review of strategic options.

In a letter to shareholders CNL said it planned to maximize stockholder value by selling all of its assets, paying off its debts and distributing the net proceeds to stockholders. The nontraded REIT’s board approved the plan after reviewing other alternatives. Stockholders still must approve the plan.

CBRE’s Capital Markets division presented the board information regarding the estimated range of values per share to be received under a liquidation.

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Second Annual Blue Vault Broker Dealer Educational Summit 2016
2016 Broker Dealer Educational Summit 2016
May 30, 2016

Best Due Diligence meeting in the industry. No sales pitches, senior level decision makers, meaningful discussions and the Broker Dealer networking sessions were especially useful. Thanks to Blue Vault for raising the bar!