Heads-up for TIC Investors

By
Real Estate Agent with Coldwell Banker

In January 2009, Anne Kruaskopf, Senior Special Counsel of the SEC (U.S. Securities and Exchange Commission), indicated in a 'no-action' letter (found at http://www.sec.gov/divisions/corpfin/cf-noaction/2009/omni011409.htm) that a proposed offer and sale of undivided tenant in common (TIC) interests might fall under the Securities Act of 1933.

While this letter is in response to a very specific set of circumstances and stops short of a definitive ruling, it serves as a warning to TIC investors to carefully consider each and every offering presented to them.

Mitch Todd/Realtor
Associate Broker, MBA and Owner of Tam Realty
415-259-7082

Comments (2)

Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

We have too many tics here.  We pull them off the dogs, and the deer ones give you lyme's disease!  LOL.  Actually we don see many TICs any more.

Feb 11, 2009 04:20 AM
Mitch Todd
Coldwell Banker - Greenbrae, CA

Yah - lot's of tics - and fleas here in the Bay Area - and many TICs...

Feb 11, 2009 04:34 AM