| SEC cases like the one involving a businessman named Suneet Singal stoke the concerns of industry observers. On Dec. 13, the SEC alleged that Singal lied about his ownership of 12 hotels and his contribution of those properties to First Capital Real Estate Trust Inc., a public non-traded REIT based in New York City, in order to secure a $15.2 million interest in the REIT’s operating partnership. FULL ARTICLE | 
