Personal Finance and Investing

A HERETIC I AM

(24,812 posts)

7. I have to offer a clarification to the above;

Fri Dec 9, 2022, 12:41 PM

Dec 2022

I said I had a client (back when I was a broker for AG Edwards in 2006 & 2007) that told me they had shares in a REIT that was made up solely of the Empire State Building. I just did a Google search on that terminology and came up with a publicly traded trust that covers this same Real Estate - https://finance.yahoo.com/quote/ESRT?p=ESRT&.tsrc=fin-srchs

So I don't know what the guy was referring to, frankly. I remember him talking to me about it, but I never did any research until just now!

I'm sure there are scores of private, Regulation "A" REIT's out there that are equally obscure as the one in the OP, but the Empire State Building is not one of them!

I just want to correct my inaccuracy.

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got a question about reits. [View all] mopinko Dec 2022 OP

I've only heard of one REIT that restricted trading of shares. A HERETIC I AM Dec 2022 #1

pretty much yeah, a small fund that i knew someone. mopinko Dec 2022 #2

I'm working 12 hour days right now, but I did get a quick look at it... (See below) A HERETIC I AM Dec 2022 #3

I have to offer a clarification to the above; A HERETIC I AM Dec 2022 #7

OK...had a chance to read the Offering Circular. A HERETIC I AM Dec 2022 #4

thx. it wasnt a reit when i bought it mopinko Dec 2022 #5

According to their "About/Our Story" page, they were an LLC; A HERETIC I AM Dec 2022 #6

it is. funny story mopinko Dec 2022 #8

Very cool! A HERETIC I AM Dec 2022 #9

i will. mopinko Dec 2022 #10