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| related topics |
| {investment, property, distribution} |
| {loan, real, estate} |
| {tax, income, asset} |
| {stock, price, share} |
| {interest, director, officer} |
| {cost, contract, operation} |
| {loss, insurance, financial} |
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Our common stock is not currently listed on an exchange or trading market and cannot be readily sold.
There are conflicts of interest between us and our affiliates.
Our business manager/advisor and its affiliates receive fees and other compensation based upon our investments and therefore our business manager/advisor and its affiliates may recommend that we make investments in order to increase their compensation.
There is competition for the time and services of our business manager/advisor and our business manager/advisor may not dedicate the time necessary to manager our business.
We do not have arm's-length agreements, which could contain terms which are not in our best interest.
We depend on our board of directors, business manager/advisor and property managers and losing those relationships could negatively affect our operations.
Our share repurchase program is limited to 5% of the weighted average number of shares of our stock outstanding during the prior calendar year and may be changed or terminated by us, thereby reducing the potential liquidity of a stockholder s investment.
There are inherent risks with real estate investments.
Adverse economic conditions could reduce our income and distributions to investors.
Competition with third parties in acquiring properties will reduce our profitability and the return on an investment in our common stock.
Our properties are subject to competition for tenants and customers.
If we invest in joint ventures, the objectives of our partners may conflict with our objectives.
Real estate related taxes may increase and if these increases are not passed on to tenants, our net income will be reduced.
Construction and development activities expose us to risks such as cost overruns, carrying costs of projects under construction or development, availability and costs of materials and labor, weather conditions and government regulation.
If we enter into development joint venture projects, they expose us to greater risks than those associated with the acquisition of operating properties.
If we suffer losses that are not covered by insurance or that are in excess of insurance coverage, we could lose invested capital and anticipated profits.
We incur mortgage indebtedness and other borrowings, which reduce the funds available for distribution and increase the risk of loss since defaults may result in foreclosure. In addition, mortgages sometimes include cross-collateralization or cross-default provisions that increase the risk that more than one property may be affected by a default.
If we fail to maintain our REIT status, our distributions will not be deductible to us and our taxable income will be subject to taxation.
Even REITS are subject to federal and state income taxes.
The annual statement of value that we will be sending to stockholders subject to ERISA and to certain other plan stockholders is only an estimate and may not reflect the actual value of our shares.
Full 10-K form ▸
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