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Matches in DBpedia 2015-10 for { ?s ?p "Inland American Real Estate Trust, Inc. (Inland American) is the largest non-traded real estate investment trust (REIT) in the United States with over $9 billion raised. The firm is one of several REITs that have been sponsored by affiliates of Oak Brook, Illinois-based Inland Real Estate Group of Companies, Inc. As of March 31, 2014, Inland American had 183,000, predominantly "mom-and-pop investors." Formed in 2004, Inland American owns commercial real estate in the following asset classes: lodging, multi-tenant retail, and student housing.The firm is a non-traded REIT, which is a company whose shares are not listed on an exchange. The shares are therefore relatively illiquid. Shares were sold through broker-dealers. While original investors bought in at $10/share, Inland American estimated its shares had a value of $4.00.In March 2014, the firm announced that functions performed by its external, related-party managers would now be performed by the REIT itself. The firm has charged its investors over $1.4 billion in fees and expenses to pay for services provided by these external, related-party managers. It has also been observed that Inland American “bought a lot of property at the height of the market."As of Q2 2014, Inland American was still the subject of a U.S. Securities and Exchange Commission (SEC) investigation looking at related-party fees and transactions. On October 16, 2014, after months of having its securities registration renewal denied by California’s Department of Business Oversight, Inland American withdrew its application.In February 2015, in response to allegations made by shareholders, Inland American’s Special Litigation Committee (SLC) determined that certain related parties breached their fiduciary duties to Inland American.The following month, The Wall Street Journal dubbed Inland American a “zombie REIT.” The article concluded that, “Inland American Real Estate Trust Inc. is the kind of property company that gives some investors bad dreams." It goes on to note Inland American’s failure to unwind, the plunge in value of its holdings, and the drastic cut to distributions."@en }

• Inland_American_Real_Estate_Investment_Trust abstract "Inland American Real Estate Trust, Inc. (Inland American) is the largest non-traded real estate investment trust (REIT) in the United States with over $9 billion raised. The firm is one of several REITs that have been sponsored by affiliates of Oak Brook, Illinois-based Inland Real Estate Group of Companies, Inc. As of March 31, 2014, Inland American had 183,000, predominantly "mom-and-pop investors." Formed in 2004, Inland American owns commercial real estate in the following asset classes: lodging, multi-tenant retail, and student housing.The firm is a non-traded REIT, which is a company whose shares are not listed on an exchange. The shares are therefore relatively illiquid. Shares were sold through broker-dealers. While original investors bought in at $10/share, Inland American estimated its shares had a value of $4.00.In March 2014, the firm announced that functions performed by its external, related-party managers would now be performed by the REIT itself. The firm has charged its investors over $1.4 billion in fees and expenses to pay for services provided by these external, related-party managers. It has also been observed that Inland American “bought a lot of property at the height of the market."As of Q2 2014, Inland American was still the subject of a U.S. Securities and Exchange Commission (SEC) investigation looking at related-party fees and transactions. On October 16, 2014, after months of having its securities registration renewal denied by California’s Department of Business Oversight, Inland American withdrew its application.In February 2015, in response to allegations made by shareholders, Inland American’s Special Litigation Committee (SLC) determined that certain related parties breached their fiduciary duties to Inland American.The following month, The Wall Street Journal dubbed Inland American a “zombie REIT.” The article concluded that, “Inland American Real Estate Trust Inc. is the kind of property company that gives some investors bad dreams." It goes on to note Inland American’s failure to unwind, the plunge in value of its holdings, and the drastic cut to distributions.".