Law360, New York (October 23, 2009) -- The stresses in the commercial real estate and oil and gas industries in the recent past have required the full concentration of sponsors, broker-dealers and investors in the direct participation private placement market. Much of this product, particularly commercial real estate and oil and gas royalty interests, is sold through the tenant-in-common distribution channel.
While the sponsors, broker-dealers and investors have been forced to focus more on resolving existing problems than on new sales or planning for the future, some observers of the problems,...
