February 23, 2016
FBI investigating United Development Funding
FBI investigating United Development Funding BY ARLEEN JACOBIUS | FEBRUARY 18, 2016 6:57 PM | UPDATED 1:09 PM | Pensions & Investments Agents from the Dallas office of the FBI …

Read more

FBI investigating United Development Funding

Agents from the Dallas office of the FBI conducted “law enforcement activity” at the offices of United Development Funding, a real estate company that operates traded and non-traded real estate investment trusts that primarily invest in loans for land to develop single-family housing, said Allison Mahan, spokeswoman for the FBI’s Dallas bureau.

Ms. Mahan said she could not comment further.

Two of United Development Funding’s REITs are United Development Fund III and United Development Fund IV. The $186.1 billion California State Teachers’ Retirement System, West Sacramento; $178.3 billion New York State Common Fund, Albany; $125 billion Texas Teacher Retirement System, Austin; and $75 billion Ohio State Teachers’ Retirement System, Columbus, are investors in United Development Fund IV. Ricardo Duran, CalSTRS spokesman declined to comment. Officials at the other pension funds could not be reached by press time.

Article Located Here

Recent

Are Any of the Nontraded REITs Landlords for Macy’s?

Are Any of the Nontraded REITs Landlords for Macy’s?

It is obvious after these searches that the closures of underperforming Macy’s stores will not affect any of the nontraded REITs directly, and it is doubtful that those closures will even affect nontraded REIT portfolio values indirectly.  
Eagle Point Credit Creditflux Awards

Eagle Point Credit Creditflux Awards

Eagle Point won 48% of the vote for “Best US CLO Equity Investor” and 42% of the vote for “Best US CLO Junior Debt Investor”.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now