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VEREIT
VEREIT, Inc. was a real estate investment trust headquartered in Phoenix, Arizona that invested in single-tenant retail, restaurant, office and industrial properties. As of December 31, 2020, the company owned 3,831 properties with an aggregate of 89.7 million square feet. The company was acquired by Realty Income in November 2021. The company was formerly known as American Realty Capital Properties Inc. and it changed its name after an accounting scandal. Its name was derived for the Latin word "veritas", meaning truth. History The company was founded in 2010 by Nicholas Schorsch. In November 2013, the company acquired CapLease, adding 68 properties totaling over 13 million square feet. In January 2014, the company acquired 120 properties from funds managed by Fortress Investment Group for $601.2 million. In February 2014, the company acquired Cole Real Estate Investments, becoming the largest publicly traded net lease REIT. Cole was sold to CIM Group in February 2018. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicholas Schorsch
Nicholas Sloan "Nick" Schorsch (born March 2, 1961) is an American millionaire entrepreneur, investor, and philanthropist. Schorsch is the chairman, CEO, and co-founder of the investment services firm VEREIT. Early life Schorsch was born in Philadelphia, Pennsylvania, to Irvin G. Schorsch, Jr., and Anita (née Ulick) Schorsch. He worked for his family's scrap metal business starting at the age of 17, while attending Drexel University full-time, before taking over ownership of the business. He grew the business to millions of dollars in revenue and sold it for $50 million at age 23. He founded Thermal Reduction Corporation, a metal product manufacturing business. Over ten years he built up the company through a series of mergers and acquisitions, eventually selling his interest in 1994. Early career In 1995, he and his wife Shelley co-founded the Jenkintown-based American Financial Resource Group, which originally acquired operating companies in the printing, label, and financia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CIM Group
CIM Group invests in commercial property on behalf of large institutions such as pensions. As of December 31, 2020, the company owned $29.2 billion worth of commercial property. History The company was founded in 1994 by Shaul Kuba, Richard Ressler, and Avi Shemesh. Kuba and Shemesh are childhood friends that emigrated to the United States from Israel in the 1980s, where they set up a landscaping business. Ressler, a former investment banker at Drexel Burnham Lambert, became a landscaping customer and then joined them to invest in real estate. In 2004, the company acquired the site for Hollywood & Highland, which included the Tiffany Theater. It redeveloped the property and sold it in 2019 for $325 million; however, it did not sell the Dolby Theatre which is on the property. In the early 2000s, the company developed much of the Third Street Promenade. In 2005, in partnership with JBG Smith, the company acquired the Marriott Wardman Park hotel from Thayer Lodging Group for $300 m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Realty Income
Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California. The company is one of a few real estate investment trusts that pays dividends monthly, rather than quarterly, and has registered a trademark for the phrase "The Monthly Dividend Company". Investments As of June 30, 2024, the company owned 15,450 properties totaling approximately 335.3 million leasable square feet. The company's largest tenants are as follows: History Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. Its first acquisition was a Taco Bell restaurant in early 1970. The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grant Thornton
Grant Thornton is a multinational professional services network based in London, United Kingdom. It is the seventh-largest in the world by revenue and the sixth-largest by number of employees. The network consists of independent accounting and consulting member firms that provide assurance, tax, and advisory services to privately held businesses, public interest entities, and public sector organisations. Grant Thornton is composed of member firms affiliated with Grant Thornton International Ltd., a private company limited by guarantee, incorporated in England and Wales. Grant Thornton is a not-for-profit, non-practising, international umbrella membership entity, and has no share capital. Member firms within the Grant Thornton network operate in 147 markets employing around 73,000 personnel for a combined global revenue of US$7.5 billion. History 20th century The earliest origins of the name date back to 1904, when the UK firm of Thornton and Thornton was formed in Ox ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Investment Trust
A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. REITs act as a bridge from financial markets and institutional investors to housing and urban development. They are typically categorized into commercial REITs (C-REITs) and residential REITs (R-REITs), with the latter focusing on housing assets, such as apartments and single-family homes. Most countries' laws governing REITs entitle a real estate company to pay less in corporation tax and capital gains tax. REITs have been criticised as enabling speculation on housing, and reducing housing affordability, without increasing finance for building. REITs can be publicly traded on major exchanges, publicly registered but non-listed, or pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auditor
An auditor is a person or a firm appointed by a company to execute an audit.Practical Auditing, Kul Narsingh Shrestha, 2012, Nabin Prakashan, Nepal To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. Generally, to act as an external auditor of the company, a person should have a certificate of practice from the regulatory authority. Types of auditors * External auditor/ Statutory auditor is an independent firm engaged by the client subject to the audit, to express an opinion on whether the company's financial statements are free of material misstatements, whether due to fraud or error. For publicly traded companies, external auditors may also be required to express an opinion over the effectiveness of internal controls over financial reporting. External auditors may also be engaged to perform other agreed-upon procedures, related or unrelated to financial statements. Mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Companies Disestablished In 2021
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label that was previously known as Def American * American University, in Washington, D.C. Sports teams S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2021 Mergers And Acquisitions
1 (one, unit, unity) is a number, numeral, and glyph. It is the first and smallest positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In mathematics The number 1 is the first natural number after 0. Each natural numbe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Arizona Republic
''The Arizona Republic'' is an American daily newspaper published in Phoenix. Circulated throughout Arizona, it is the state's largest newspaper. Since 2000, it has been owned by the Gannett newspaper chain. History Early years The newspaper was founded May 19, 1890, under the name ''The Arizona Republican'', by Lewis Wolfley, Clark Churchill, John A. Black, Robert H. Paul, Royal A. Johnson, and Dr. L. C. Toney. Six years later, they would sell the paper to “an experienced newspaperman” from Washington, DC, Charles C. Randolph. On April 28, 1909, the newspaper notified its readers that local businessmen S. W. Higley and Sims Ely purchased the newspaper from George W. Vickers, and would run the paper as president and general manager, respectively. They co-owned the newspaper until December 1911, Higley purchased Ely’s interest in the paper. S. W. Higley would hold sole ownership of the Arizona Republican, serving as president and manager until its sale to Dwight B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Class Action
A class action is a form of lawsuit. Class Action may also refer to: * ''Class Action'' (film), 1991, starring Gene Hackman and Mary Elizabeth Mastrantonio * Class Action (band), a garage house band * "Class Action" (''Teenage Robot''), a 2002 episode of ''My Life as a Teenage Robot'' *''Class Action'', a play by Brad Slaight *''Class Action'', a 2002 book that was the basis for the film '' North Country'' *''Cla$$ Action'', a 2005 novel by Henry Denker {{Disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Act
The Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act, was enacted by the United States Congress on May 27, 1933, during the Great Depression and after the stock market crash of 1929. It is an integral part of United States securities regulation. It is legislated pursuant to the Interstate Commerce Clause of the Constitution. It requires every offer or sale of securities that uses the means and instrumentalities of interstate commerce to be registered with the SEC pursuant to the 1933 Act, unless an exemption from registration exists under the law. The term "means and instrumentalities of interstate commerce" is extremely broad and it is virtually impossible to avoid the operation of the statute by attempting to offer or sell a security without using an "instrumentality" of interstate commerce. Any use of a telephone, for example, or the mails might be enough to subject the transa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
