G REIT Inc., a real estate investment trust based in Santa Ana, Calif., has announced that it intends to enter into a liquidating trust agreement on or about Jan. 22 to wind up the REIT's affairs and liquidate its assets. The company said it expects to transfer, on or about Jan. 28, its then-remaining assets to the trustee of the G REIT Liquidating Trust, which will also assume any remaining liabilities of the REIT. The company's stock transfer books will be closed as of Jan. 22. Triple Net Properties LLC, the holder of a special limited-partner interest in the REIT's operating partnership, will redeem its interest in exchange for the right to receive 15% of certain distributions made by the company and the liquidating trust, the REIT reported. Triple Net Properties can be found online at http://www.1031nnn.com.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
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