Only the Strong Survive

Capital constraints and sluggish commercial real estate sales have taken a big bite out of the tenant-in-common (TIC) marketplace. The volume of TIC equity raised has dropped significantly in the past year. Securities-based TIC sponsors raised $792 million during the first half of 2008, plummeting about 50 percent from the $1.6 billion raised during the same period a year ago, according to the Denver-based Omni Research & Consulting, a social science firm. (See “TIC Industry Hits a Soft