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December 1, 2014
Many Broker/Dealers Still Not Selling Schorsch REITs

In a recent InvestmentNews article, Bruce Kelly writes that in October broker/dealers suspended sales of RCAP-distributed REITs and Cole REITs after American Realty Capital Properties Inc. (ARCP), a net-lease REIT that is controlled by Nicholas Schorsch, because of a $23 million accounting error over the first six months of the year that was left uncorrected. […]

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