- Marketing itself to yield-starved investors as a vehicle for income through investments in residential real estate, United Development Funding IV (UDF -4.7%) is a mortgage REIT with a high concentration lent to a single borrower, according to a posting on Harvest.
- UDF itself is part of a larger family of REITs under the United Development Funding umbrella which exhibits the characteristics of a Ponzi scheme, alleges the author.