LEHI, Utah--(BUSINESS WIRE)--Central Trade and Transfer (CTT), a leading online auction site for non-traded real estate investment trusts (REITs), announced today the acquisition of American Partnership Board’s (APB) assets. The consolidation of APB into CTT creates a more centralized secondary market, providing liquidity and more competitive pricing for investors in non-traded REITs, an asset class notorious for its illiquidity. In Q4 2014, combined, CTT and ABP were responsible for more than 65 percent of all secondary market trades by dollar volume.
This acquisition and CTT’s expanded presence provide even greater transparency in the secondary market, as CTT has established the industry’s most active online auction site that allows participants to see what is being transacted. With investors in the $85 billion non-traded REIT market constantly seeking liquidity options, the expanded CTT platform provides more opportunity and liquidity for both buyers and sellers in a fully open auction environment.
“The growth trajectory of the primary non-traded REIT market indicates significant opportunity for the secondary market,” said Taylor Garrett, Managing Director. “Though non-traded REITs were developed as long-term investments, investors’ timelines can change quickly due to macro and portfolio-specific issues. CTT’s acquisition of APB allows us to serve investors in non-traded REITs and other non-listed securities even more effectively, providing a proven, time-sensitive liquidity option.”
The non-traded REIT secondary market provides options for investors seeking access to their cash ahead of the sponsors’ liquidity timeline. Frequently, the impetus for a liquidity event in the non-traded REIT market is related to personal financial hardship experienced by the investor. Unlike mini-tender offers, which solicit sellers and favor buyers, CTT’s online auction platform allows sellers to benefit from competitive bidding and access to funds through the sale of their non-traded REIT to interested buyers.
About Central Trade and Transfer
Central Trade and Transfer (CTT) is an online auction site for non-traded real estate investment trusts and other direct participation programs, helping provide liquidity for otherwise illiquid investments through the secondary market. Since 1984, the principals have completed nearly $1 billion in secondary market transactions. CTT is a Branch Office of Orchard Securities, LLC, Member FINRA/SiPC. To learn more about CTT’s auction system, or for a free REIT Secondary Market Estimate, call (877) 316-4384 or visit http://www.cttauctions.com.
