One of the biggest stories buzzing through the non-traded REIT industry is the fact that the industry hit a $20 billion high water mark in 2013—almost double the $10.3 billion raised in 2012. That record high volume of capital pouring into the sector would seem to suggest that non-traded REITs are riding high on a wave of eager investors who are looking to put more money into the growing niche. Yet there is more to the story than that. “The primary reason for this increase has ...

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