Given the growth of the 1031 TIC Sponsor market and the lack of regulation, the potential for fraud is high. A positive sign that S&P is providing third party ratings on 1031 TIC Sponsors: http://www2.standardandpoors.com
It's not charity on their part (they get Sponsors to pay a fee I imagine), but a good first step. And given their track record with corporate debt issuers, I'm not holding my breath. But a good start
In the meantime, we are working hard to add ratings and comments to our feedback site: http://www.1031Reviews.com
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