Cash-rich nontraded REITs continue to fascinate Wall Street

11/19/2013 | InvestmentNews (free registration)

Wall Street is deeply interested these days in an area that once hardly ever got a notice: independent broker-dealers selling alternative investments that are gaining popularity with individual investors. The big banks now grasp that these broker-dealers are raising billions of dollars for non-traded real estate investment trusts. This year they could sell $20 billion worth of shares in non-traded REITs.

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