Using Due Diligence Questionnaires to Strengthen Sponsor Disclosures in Real Estate Offerings
In September 2023, the SEC charged Prime Group Holdings LLC, a private equity firm focused on self-storage real estate, with failing to adequately disclose millions of dollars of brokerage fees paid to a firm wholly owned by Prime Group’s own CEO. Between 2017 and 2021, that affiliated brokerage received nearly $18 million in fees on […]