As a real estate broker or investor, you might typically look to buy an office building or shopping center directly from the owner or seller. As a seller, you may direct your broker to market your property to individual or corporate investors. However, are these your only options?
Join us as we discuss non-traded REITS with John Bessey, President of Phillips Edison-ARC and Tony Chereso, Principal and Chief Operating Officer of Factright.
These are two highly experienced, knowledgeable and interesting gentlemen who will discuss, among other things:
- Non-traded REITS as an alternate to direct real estate investing;
- The benefits and detriments to non-traded REITS vs. publicly traded REITS
- The relationship of non-traded REITS to Commercial Real Estate Brokers
- Property types and classes of properties owned by non-traded REITS
- The good, the bad & the ugly or are all non-traded REITS the same and what should you be looking for in a good REIT investment
Mr. Bessey served as Chief Investment Officer for Phillips Edison & Company from 2005 to 2010. During that time, he managed the placement of more than $1.2 billion in 140 individual shopping centers comprising over 14,000,000 square feet. Prior to that, he served Phillips Edison as Vice President of Development from May 1999, starting the ground-up development program for the company. He started and completed more than 25 projects which included Walgreens, Target, Kroger, Winn Dixie, Safeway and Wal-Mart.
Mr. Chereso has a well-diversified financial service background ranging from corporate accounting, finance audit to management sales leadership. Most recently Tony was national sales director for a securitized TIC sponsor. Tony is a principal and Chief Operating Officer of FactRight.