{"id":25603,"date":"2019-05-22T12:34:24","date_gmt":"2019-05-22T16:34:24","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=25603"},"modified":"2020-12-15T08:41:21","modified_gmt":"2020-12-15T13:41:21","slug":"what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/","title":{"rendered":"What happens when a REIT formed to sell properties starts buying instead?"},"content":{"rendered":"<h1>What happens when a REIT formed to sell properties starts buying instead?<\/h1>\n<p>May 17, 2019 | Alby Gallun | Crain&#8217;s Chicago Business<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-24443\" src=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2019\/02\/Business-news-2-6-19-300x199.png\" alt=\"\" width=\"300\" height=\"199\"><\/p>\n<p><a href=\"https:\/\/qa.bluevaultpartners.com\/sponsor\/inland-real-estate-group\/\" target=\"_blank\" rel=\"noopener noreferrer\">Highlands REIT<\/a>, a little Chicago real estate company, was made to go out of business. Some of its investors are irked that it still hasn&#8217;t.<\/p>\n<p>They want Highlands to sell off its portfolio\u2014an incongruous jumble that includes an Evanston shopping center, refrigerated warehouses in Minnesota and an empty prison in Colorado\u2014and return their money, a plan put in place when Highlands was spun off from another public real estate company three years ago.<\/p>\n<p>But Highlands executives seem to be in no hurry to do that now. They&#8217;ve even started buying apartment buildings, angering investors who contend the executives won&#8217;t do the right thing because they don&#8217;t want to give up their salaries&#8230;<\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-ico-before dashicons-text\" style=\"background-color: #17385e; color: #ffffff;\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.chicagobusiness.com\/commercial-real-estate\/what-happens-when-reit-formed-sell-properties-starts-buying-instead\">Read Full Article<\/a><\/p>\n<p>&nbsp;<\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Highlands REIT, a little Chicago real estate company, was made to go out of business. Some of its investors are irked that it still hasn&#8217;t&#8230;<\/p>\n","protected":false},"author":2,"featured_media":24443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2870],"tags":[],"class_list":["post-25603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-highlands-reit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What happens when a REIT formed to sell properties starts buying instead? - Blue Vault<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What happens when a REIT formed to sell properties starts buying instead? - Blue Vault\" \/>\n<meta property=\"og:description\" content=\"Highlands REIT, a little Chicago real estate company, was made to go out of business. Some of its investors are irked that it still hasn&#039;t...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/\" \/>\n<meta property=\"og:site_name\" content=\"Blue Vault\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-22T16:34:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-15T13:41:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2019\/02\/Business-news-2-6-19-e1701192361555.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"319\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"blueadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"blueadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/\",\"url\":\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/\",\"name\":\"What happens when a REIT formed to sell properties starts buying instead? - Blue Vault\",\"isPartOf\":{\"@id\":\"https:\/\/bluevaultpartners.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2019\/02\/Business-news-2-6-19-e1701192361555.png\",\"datePublished\":\"2019-05-22T16:34:24+00:00\",\"dateModified\":\"2020-12-15T13:41:21+00:00\",\"author\":{\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/34a9dd9a29233334c571c7d1325a9351\"},\"breadcrumb\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#primaryimage\",\"url\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2019\/02\/Business-news-2-6-19-e1701192361555.png\",\"contentUrl\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2019\/02\/Business-news-2-6-19-e1701192361555.png\",\"width\":600,\"height\":319},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/qa.bluevaultpartners.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What happens when a REIT formed to sell properties starts buying instead?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bluevaultpartners.com\/#website\",\"url\":\"https:\/\/bluevaultpartners.com\/\",\"name\":\"Blue Vault Partners\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bluevaultpartners.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/34a9dd9a29233334c571c7d1325a9351\",\"name\":\"blueadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5b31784d4071f42013b93201120010de?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5b31784d4071f42013b93201120010de?s=96&d=mm&r=g\",\"caption\":\"blueadmin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What happens when a REIT formed to sell properties starts buying instead? - Blue Vault","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/","og_locale":"en_US","og_type":"article","og_title":"What happens when a REIT formed to sell properties starts buying instead? - Blue Vault","og_description":"Highlands REIT, a little Chicago real estate company, was made to go out of business. Some of its investors are irked that it still hasn't...","og_url":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/","og_site_name":"Blue Vault","article_published_time":"2019-05-22T16:34:24+00:00","article_modified_time":"2020-12-15T13:41:21+00:00","og_image":[{"width":600,"height":319,"url":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2019\/02\/Business-news-2-6-19-e1701192361555.png","type":"image\/png"}],"author":"blueadmin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"blueadmin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/","url":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/","name":"What happens when a REIT formed to sell properties starts buying instead? - Blue Vault","isPartOf":{"@id":"https:\/\/bluevaultpartners.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#primaryimage"},"image":{"@id":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#primaryimage"},"thumbnailUrl":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2019\/02\/Business-news-2-6-19-e1701192361555.png","datePublished":"2019-05-22T16:34:24+00:00","dateModified":"2020-12-15T13:41:21+00:00","author":{"@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/34a9dd9a29233334c571c7d1325a9351"},"breadcrumb":{"@id":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#primaryimage","url":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2019\/02\/Business-news-2-6-19-e1701192361555.png","contentUrl":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2019\/02\/Business-news-2-6-19-e1701192361555.png","width":600,"height":319},{"@type":"BreadcrumbList","@id":"https:\/\/qa.bluevaultpartners.com\/what-happens-when-a-reit-formed-to-sell-properties-starts-buying-instead\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/qa.bluevaultpartners.com\/"},{"@type":"ListItem","position":2,"name":"What happens when a REIT formed to sell properties starts buying instead?"}]},{"@type":"WebSite","@id":"https:\/\/bluevaultpartners.com\/#website","url":"https:\/\/bluevaultpartners.com\/","name":"Blue Vault Partners","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bluevaultpartners.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/34a9dd9a29233334c571c7d1325a9351","name":"blueadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5b31784d4071f42013b93201120010de?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5b31784d4071f42013b93201120010de?s=96&d=mm&r=g","caption":"blueadmin"}}]}},"_links":{"self":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/25603"}],"collection":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/comments?post=25603"}],"version-history":[{"count":1,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/25603\/revisions"}],"predecessor-version":[{"id":25806,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/25603\/revisions\/25806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/media\/24443"}],"wp:attachment":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/media?parent=25603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/categories?post=25603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/tags?post=25603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}