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Bias, after his release from prison, had formed a five-state network of salesmen to find investors to fund restaurant REITs managed by the shell company he had created--FIIK. He also controlled Richmond Energy in Houston, which owned a chain of Mexican restaurants.
FORBES: Magazine Article
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More recently, all four publicly traded data-center REITs took a tumble after hedge-fund manager Jonathon Jacobson, founder of Highfields Capital Management, raised questions earlier this month about how Digital Realty accounts for certain capital expenditures, while warning of rising competition.
WSJ: Data-Center REITs Lose Favor
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"Some REITs have high yields for a reason, " says mutual fund manager Andrew Davis--the payouts are vulnerable.
FORBES: Shaky Dividends