The Investment Program Association

Wm. Polk Carey, a businessman and entrepreneur who founded the New York-based investment management firm bearing his name, passed away from heart disease on January 2 in West Palm Beach, Fla. He was 81. Carey served as Chairman of W. P. Carey & Co. LLC, a NYSE-listed company, which serves as sponsor to the CPA® investment [...]

The SEC has published guidelines on preparing non-listed REIT sales material that covers topics such as: providing a balanced discussion of risk and reward; discussing distributions; providing information about affiliates; using market performance data; and presenting information about the volatility of an investment in real estate. Here is the link. http://www.sec.gov/divisions/corpfin/guidance/cfguidance-topic3.htm In addition, the Investor [...]

Evidently, some broker-dealers and compliance officers did not get the message that FINRA is serious about firms’ obligations to conduct a reasonable investigation of issuers and the securities they recommend in private placements. FINRA has been rather busy the first half of 2011 bringing enforcement actions against broker-dealers and compliance officers that failed to conduct [...]

Key Messages: Martel Day, Independence Realty, was elected Chairman, succeeding Jack Hollander of Atlas Energy, L.P. Six new board members were selected, creating a 22-member Board of Directors. Non-Listed Real Estate Investment Trusts (NLREITs), and Oil and Gas, and Equipment Leasing Programs, are viable solutions to help advisors truly diversify investors’ portfolios. ELLICOTT CITY, Md., [...]

Direct Investments are widely misunderstood. Developing digital media properties allowing for depth of information and two-way dialogue affords IPA and its members the opportunity to educate advisors about the “real story” of Direct Investments, including Non-Listed REITs (NLREITs). In collaboration with several respected financial media, we have created an extensive amount of digital content available [...]