Yahoo launches feature-heavy mortgage calculator

Yahoo launches feature-heavy mortgage calculator

Joins Google in developing native mortgage tool

Home eviction leads to grisly, tragic discovery

Police discover two children’s bodies in freezer

Uh-oh: Most millennials don’t know about closing costs

The generation is hardly alone on this
W S
Investments / The Ticker

Bank of America Merrill Lynch offers nontraded REIT

/ Print / Reprints /
| Share More
/ Text Size+

In a first, brokers with a major national firm, Bank of America Merrill Lynch (BAC), are selling an investment long associated solely with independent-contractor broker-dealers: Nontraded real estate investment trusts.

The firm's 17,500 registered representatives and advisers a month ago began selling the Jones Lang LaSalle Income Property Trust (JLL).

Bank of America Merrill Lynch is the first major wirehouse to sell such trusts and has so far raised about $50 million from clients.

Source: Investment News
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus