Retail Properties of America is the new name for Inland Western. Instead of owning units of the non-traded Inland Western REIT, you now own restricted stock in Retail Properties of America. Some of the restricted stock can not be sold on the exchanges or through your broker or financial planner. Some shares are restricted until the last quarter of 2013.
Through a very convoluted process, for every 10 shares of Inland Western you owned, you were given one share of Retail Properties of America “A”. For every “A” share you own you were given one “B1” share, one “B2” share and one “B3” share. The “B” shares have restrictions on their sale at the exchange from six months to one and a half years. Each original Western share is equivalent to .4 shares or Retail Properties of America but carry restrictions.
Many investors wish to sell their entire position and not worry about when the restrictions expire. The REIT Advisor can facilitate such a trade. You can check me out at The REIT Advisor at www.TheREITAdvisor.com.
Those wishing to sell can call me at 602-721-4730 or email me TheREITAdvisor@gmail.com.
Share prices will be determined by the current value of Retail Properties of American. Please call if you have any questions.
The REIT Advisor
NOTE: We are not affiliated with The Inland Group or Retail Properties of America.