Canton Financial retains Scherrer & Associates for acquisition of undervalued REITS.SALT LAKE CITY--(BUSINESS WIRE)--May 1, 1995--Canton Financial Services Corp., a subsidiary of Canton Industrial Corp. (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). :CND CND Campaign for Nuclear Disarmament CND n abbr (= Campaign for Nuclear Disarmament) → plataforma pro desarme nuclear CND (Brit) n abbr (= ) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CICP CICP Centre for International Crime Prevention (United Nations Office for Drug Control and Crime Prevention) CICP Colorado Indigent Care Program CICP Consortium for International Crop Protection ) Monday announced that it has retained Scherrer & Associates, Ltd., as its financial advisor for the restructuring of several under-valued Real Estate Investment Trusts (REITS REITS Real Estate Investors of the Tri-States (Harrison, TN) ). Through market research, studies have shown that as interest rates rise, investors will demand higher yields from alternate sources such as REITS. If yields are not in line with investor expectations, investors will shift their money back to more stable investments. As a result, the growth of existing REITS is limited to means of property acquisition funded through mergers, offerings, or by creating UPREITs. Canton Financial has targeted REITS with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. value between $5 and $100 million straddled with deteriorating yields. Canton Financial believes that through consolidation the REITs will become efficient. Scherrer & Associates is a management consulting and real estate advisory firm whose clients include REITS, pension funds, life insurance companies, investment banks and other real estate related firms. Scherrer & Associates has assisted clients in raising over $1 billion for real estate related projects. The firm is led by founder and President Phillip S. Scherrer, Ph.D., M.B.A., J.D. Scherrer has authored a book and a variety of articles on the real estate industry. His latest work will appear in the June 1995 issue of Mergers and Acquisitions. Canton Industrial Corp. is an international holding company. Through its subsidiaries, Canton provides a wide range of financial consulting services to corporations, institutions, and professional firms in markets throughout the world. CONTACT: Canton Industrial Corp., Salt Lake City L.J. Perry, 801/575-8073 |
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