The non-traded REIT, created by Nicholas Schorsch, said it will continue to manage its $19 billion of investment programs. However, AR Capital “does not intend to register any new product offerings nor pursue any of our existing offerings” with the start of 2016, because recent Department of Labor fiduciary standard regulatory changes, as well as a FINRA directive on valuation measures made the investment outlook “opaque,” the company said.

"Until there is greater clarity, we have decided to sit this one out,” founding partner William Kahane said in the company’s release.

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