The Best of Times and The Worst of Times
June 15, 2015
Very interesting news at Cole Capital. Cole, previously one of the largest sellers of non-traded Real Estate Investment Trusts, with a very high reputation, suddenly saw sales plummet this year. As a result of the revelation that their parent company, ARC, intentionally did not correct accounting errors, dozens of Senior Executives have been leaving Cole – and now the President and CEO Michael Ezzell, has resigned. Strangely, the new President will be William Miller who was with American Funds. American is known as having one of the cleanest noses in the investment world. I wonder if he will be able to help Cole regain its status.
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