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NEW YORK CITY-Professionals from all facets of the non-traded REIT space convened at the Marriott New York Downtown for the New York Non-Traded REIT Industry Symposium yesterday, the seventh annual conference hosted by the Information Management Network. Capital raising, dividend pricing and firms’ ability to pay them were recurring themes during most of the morning sessions on the first day of the two-day conference.

After welcoming remarks by Alston & Bird LLP partner Rosemarie A. Thurston and Proskauer Rose LLP partner Peter M. Fass, the sessions kicked off with a “Non-Traded REIT Market Update: 2010—A Pivotal Year,” a presentation by Keith D. Allaire, managing partner of Robert A. Stanger Co. Inc. He indicated that the non-traded public REIT industry has grown and matured significantly since its emergence in the late 1990s and has undergone some changes in the past few years. Today, he noted, there are 55 such vehicles in the market, 33 of which are tracked by Stanger, and the three biggest REIT sponsors today are Cole Real Estate Investment Services, Apple REIT and Behringer Harvard.

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