PNLR Market Undergoing Transformation, Lawyer Says

Rosemarie Thurston, a partner at Alston & Bird LLP, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

Thurston leads Alston & Bird’s REITs and real estate funds practice. She moderated a REITWise panel on the public non-listed REIT (PNLR) market.

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PNLR Liquidity Events Changing, Lawyer Says

Ken Betts, international partner with Locke Lorde LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Betts noted that liquidity events are becoming more common in the public non-listed REIT (PNLR) sector. He described two different kinds of liquidity events for PNLRs. Roughly 50 percent have consisted of mergers and acquisitions (M&A). The other half have come through initial public offerings (IPOs).

Ken Betts

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