| Century 21 China Real Estate Responds to Shareholder Petition and American Realty Capital Properties, Inc. to Ring The NASDAQ Stock Market Closing Bell in Conjunction With 2012 REIT IPO Conference |
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IFM Investments Limited (the "Company," "Century 21 China Real Estate" or "CTC") (NYSE: CTC - News), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21(R) brand in China , today announced that GL Asia Mauritius II Cayman Ltd. ("GLA"), an affiliate of Avenue Asia Capital and a shareholder of the Company, filed a petition on December 30, 2011 in the Grand Court of the Cayman Islands , the Company's jurisdiction of organization, to request an order to wind up the Company and other remedies.The Company, having consulted with its legal counsel, firmly believes that there is no basis for any of GLA's claims, and that a winding up would not be the appropriate remedy for any of the claims made. The Company filed a summons to strike out GLA's petition on January 6, 2012 , and will vigorously contest GLA's petition. [Read the full article] NEW YORK--(BUSINESS WIRE)-- American Realty Capital Properties, Inc. (NASDAQ: ARCP - News), announced that CEO Nicholas S. Schorsch will ring the NASDAQ closing bell today to commemorate the NASDAQ OMX 2012 REIT IPO Forum. The conference, entitled, The Modern REIT IPO: Dream it. Do it., is the first-ever real estate investment trust (REIT) industry IPO conference organized by NASDAQ OMX and is co-sponsored by American Realty Capital and Realty Capital Securities.Hosted at the NASDAQ MarketSite Broadcast Studio, located at 4 Times Square (43rd & Broadway), the full-day conference will include scores of REIT executives and other real estate industry leaders discussing the IPO process with insights from leading capital markets, legal, accounting and research professionals. The bell ringing will occur 3:45 p.m. to 4:00 p.m. ET. [Read the full article] We are upgrading MarkWest Energy Partners (NYSE:MWE - News) to Outperform from Neutral, reflecting its promising future prospects. The master limited partnership's (NYSE:MLP - News) targeted growth capital investments since 2006 have been driving its strong, long-term volume growth. We continue to like MarkWest for its high-quality and diverse portfolio of midstream assets, as well as its proven track record of supporting producers in the development of shale plays and the steady improvement in its liquidity/cash flow position. Furthermore, with 192% distribution growth since the IPO in May 2002, we are confident of the partnership's total return potential. As such, we view MarkWest units as an attractive investment and upgrade it to Outperform. Our $66 price objective reflects a multiple of 21.2X trailing twelve-month cash flow. [Read the full article] 
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