Public non-traded REITs have been subject to scrutiny in recent years. Common concerns revolve around liquidity, transparency and the success of liquidity events. But the sector has plowed ahead. Firms continue to adopt changes to allay fears while building a track record with successful IPOs or sales that deliver juicy returns to shareholders. The success of the industry is evidenced by the fact that non-traded REITs have continued to be able to raise cash, even as the field becomes ...

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