Hogan: Investors are well served by REITs and business-development companies

02/26/2013 | New York Times (tiered subscription model), The

IPA President and CEO Kevin Hogan, in a letter to The New York Times, takes strong exception to the portrayal of nonlisted direct-investment vehicles that appeared in the newspaper. "The 1.5 million investors who own non-listed [real estate investment trusts] and business development companies have benefited by generally above-average distributions of around 6 percent paid by solid, reputable companies," he writes.

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