Tag Archives: Pacific Cornerstone Capital Inc.

Non-Traded REIT’s Share Value Plunges by 72 Percent

Cornerstone Core Properties REIT Inc., a non-traded real estate investment trust, has sent a letter to its shareholders bearing some bad news: The REIT’s valuation has plunged from the original issue price of $8.00 per share down to $2.25, a dive of about of 72 percent. Cornerstone’s Letter to Shareholders The company reported the revised […]

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