Monmouth: A High-Yield Commercial REIT to Consider [View article]
There is an extremely high level of "self-dealing" at this REIT; an "independent" board member consistently receives compensation as a "consultant" in property-level transactions (leasing, dispositions). One wonders if truly independent third-parties might provide the same services at more competitive rates. Additionally, the Landy family law office serves as outside counsel to the REIT - again, one wonders if a truly independent vendor would be more cost effective. Given the relatively small asset base, even minor savings in these areas could likely be measurable.
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Not disputing your observation, but if you're gonna put it out there on Seeking Alpha, at least get the basic accounting right!
Monmouth: A High-Yield Commercial REIT to Consider [View article]