Apple REITs Nine and Ten, two local REITs whose sister funds are under increasing scrutiny, are seeing some of the controversy spill over in their direction.
Apple REIT
Trading Day: Inside the SEC filings for 6.16.11
A local bank executive gets a new pay package, and two local REITs try to fend off a hostile bid made by a California investment fund.
Monday Q&A: ‘Apple is playing games’
A California investment fund just did the financial equivalent of calling a bluff by a fast-growing Richmond REIT. This week RBS chats with an investor who wants to pay cents on the dollar for shares of Richmond-based Apple REIT.
New York newspaper bruises Apple REIT
Richmond-based Apple REIT and one of its funds are in the national spotlight after a broker who bought shares of Apple REIT Eight was censured by regulators.
Trading Day: Inside the SEC filings of local companies for 10.28.10
Big trouble at Commonwealth BioTech. Big paycuts at Star Scientific. The buying binge continues at Apple REIT Nine. And a new CFO at CarMax. Plus earnings from EVB, where nonperforming assets rose nearly 60 percent.
REIT hungry for more deals
A Richmond-based real estate fund has gone on a buying binge lately and wants to raise another $2 billion to keep gobbling up more property.