SECURITIES AND EXCHANGE COMMISSION
17 CFR Parts 230, 239 and 242
Release No. 33-9415; No. 34-69959; No. IA-3624; File No. S7-07-12
Eliminating the Prohibition Against General Solicitation and General Advertising in
Rule 506 and Rule 144A Offerings
“We are adopting amendments to Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933 to implement Section 201(a) of the Jumpstart Our Business Startups Act. The amendment to Rule 506 permits an issuer to engage in general solicitation or general advertising in offering and selling securities pursuant to Rule 506, provided that all purchasers of the securities are accredited investors and the issuer takes reasonable steps to verify that such purchasers are accredited investors”
More info via SEC, Final Ruling
An interesting article regarding the process of designing an attractive curb appeal for multfamily properties.
By David Strosberg, President of Morningside USA
Designing a six-story apartment building that fills an entire block of an existing—and fairly small—suburban downtown is an undertaking that demands the utmost in thoughtful consideration and planning. Play it too safe and the bland design will be lost; be too cutting edge and the development will be uncomfortably out of place. So how does a developer strike just the right balance and create a building with curb appeal that is vibrant yet timeless? That is exactly the question we at Morningside Group had to answer when designing Wheaton 121 in Wheaton, Ill.
via Creating Curb Appeal | Multi-Housing News Online.
Our nationwide economic crisis is creating financial difficulties for entire communities. They face not only foreclosures, abandonment and home-maintenance issues, but also the variety of problems that surface as a result. In short, families and communities are suffering.
via Neighborhood Revitalization Initiative | Habitat for Humanity Int’l.