CHICAGO--(BUSINESS WIRE)--As affiliates of The Inland Group court institutional investors for a new open-ended real estate vehicle called Inland Retail Property Fund, UNITE HERE asks in a new report if conflicts elsewhere in Inland’s portfolio will carry over to the new fund.
Inland’s shopping center JV with a major pension fund ended last year with lackluster returns. In addition, two of its largest non-traded REITs have performed poorly, according to UNITE HERE.
The report examines Inland’s byzantine structure, its multiple fundraising efforts, and the vintage of one of its largest (and most controversial) products and poses the following questions:
- What protocols are in place to protect investors from self-dealing?
- With so many different programs and types of investors, how will Inland manage competing priorities?
- How will Inland handle deal flow and the allocation of investment opportunities?
Related party fees and transactions are part of a recently ongoing SEC investigation into one of Inland’s largest products, UNITE HERE notes.
To view or download the free report, go to http://www.inlandinvestoralert.org/reports/.