January 9, 2009 | Vol. 5 No. 1

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Volume 5 - Number 1 | January 9, 2009

TOP STORY: Continued Consolidation Expected in �09; Economy, Debt Market Are Big Question Marks For TIC Industry
By Michelle Napoli
Experts note that 2008 was a tough year for TICs, with predictions somewhat mixed for '09.

Sunwest Founder Files Personal BK; Company In Hands Of Restructuring Officer
By Michelle Napoli
A chief restructuring officer has taken over operations of the beleagured TIC investment sponsor.

Moody Seeks 90-Day Distribution Suspension For Dozens of Properties
By Michelle Napoli
The Houston-based company will suspend distributions to investors in 31 hotel properties beginning this month.

Update: DBSI Master Lease Auction Scheduled
An auction for the DBSI lease interests is scheduled for January 28, with many companies vying for the opportunity to buy them.

Coleman Faces 10 Years In Prison With Plea Agreement
The former COO of sponsor Investment Properties of America pleaded guilty to two charges.

Sponsor UpClose: Clearwater Real Estate Investments
The Idaho-based sponsor has focused on debt-free land deals, while income-producing deals could be in the offing.

Two More Intermediaries File Chapter 11
Real Estate Exchange Services Inc. and Summit Accomodators Inc. are the latest to file for bankruptcy.

Data Points: 2008 Equity Raise on Track to Be Lowest Since 2003
The third quarter equity raise represents a 12.38% decrease from Q2 2008.

Short Takes: Meridian Ceases MBD Operations

Recent Transactions: San Fran Firm Files Form D