Exclusive Q&A: Prateek Mehrotra, CIO Of Endowment Wealth Management, A Multi-Family Office
<span style="line-height: 18.9091px;">Prateek Mehrotra is the co-founder and chief investment officer of Endowment Wealth Management, a multi-family office. </span><span style="color: rgb(67, 71, 75); font-family: open_sansregular, HelveticaNeue, Helvetica, Arial, sans-serif; line-height: 21px;">He graciously spoke with Trusted Insight on October 15.</span>
LA real estate investor is sweet on Seattle
Los Angeles-based real estate investment firm TruAmerica Multifamily announced Wednesday that it paid $28.7 million for Montclair Heights, a 174-unit apartment project in Renton. The purchase of the 16-acre property is TruAmerica's third acquisition in the Puget Sound region since December. Previously, the company paid $54 million for Arcadia Luxury Townhomes in Federal Way and $27 million for Westhaven Apartments in West Seattle.
Inland American Offers Limited Liquidity Event through Tender Offer
Inland American Real Estate Trust Inc., the largest nontraded real estate investment trust with $9.7 billion in assets, is offering to buy back a small number of shares just a month and a half after the REIT signaled that it may be in line for a merger or a listing of its shares. But the offer may be a disappointment to some.