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Monthly Archives: November 2016

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NorthStar Investors Sue to Block Colony Merger

Shareholders of NorthStar Asset Management Group (NYSE: NSAM) and Northstar Realty Finance (NYSE: NRF) have filed two separate class action lawsuits against the companies...

Griffin Capital Essential Asset REIT II Buys Amazon Warehouse Near Columbus

Griffin Capital Essential Asset REIT II, a publicly registered non-traded real estate investment trust, purchased a class A distribution warehouse in the Columbus suburb...

AI Insight Launches New Fee Report to Support Firm Obligations Related to DOL Fiduciary...

AI Insight Inc., a firm that focuses on alternative investment research, training and compliance documentation, has launched a new fee and compensation report to...

DOL Fiduciary Rule Withstands Second Court Challenge

On Monday, a Kansas federal judge denied a Topeka-based insurance agency’s request for a preliminary injunction delay the April 2017 implementation of the Department...

Despite Strong Returns, BDC Equity Raise Remains Weak

After 2015 put an end to their fundraising growth streak, non-traded business development companies posted another fundraising decline in the third quarter of 2016,...

Corporate Capital Trust BDCs Name New COO and CFO

Corporate Capital Trust and Corporate Capital Trust II, two non-traded business development companies sponsored and advised by CNL Financial Group and KKR, announced that...

W.P. Carey-Sponsored REIT Closes $38.5 Million Retail Portfolio Mezzanine Financing

Corporate Property Associates:18 – Global, a publicly registered non-traded real estate investment trust sponsored by W.P. Carey (NYSE: WPC), closed a $38.5 million acquisition...

New Offering Added to the AI Insight Platform

AI Insight, a leader in alternative investment education for broker-dealers and advisors, has activated a new offering for training and review on their platform....

SEC Charges Payson Petroleum Brothers with Fraud

The Securities and Exchange Commission filed a civil action charging brothers Matthew Carl Griffin and William Daniel Griffin of Payson Petroleum, Inc. with fraudulently...

AR Global’s New York REIT Reschedules Stockholders Meeting Date

AR Global-managed New York REIT Inc. (NYSE: NYRT), a former non-traded real estate investment trust known as American Realty Capital New York Recovery REIT,...

Steadfast Apartment REIT III Buys Multifamily Property Near Denver

Steadfast Apartment REIT III Inc., a publicly registered non-traded real estate investment trust, purchased the multifamily property Bristol Village in the Denver suburb of...

FINRA Fines Broker for Attempting to Cheat on Series 7 Exam

The Financial Industry Regulatory Authority fined a Scottrade broker for allegedly accessing study materials and notes while taking the series 7 examination in February...

Reducing Your Litigation Risk in the Post-DOL Fiduciary World – A Veteran Litigator’s Take

By: Richard J. Schulman, Partner, Duval & Stachenfeld LLPWill you be happy if, in the not-too-distant future, you’re served with a summons...

CFO Resigns from Two FS Investments BDCs

Michael Lawson has stepped down from his role as chief financial officer of FS Investment Corporation II and FS Investment Corporation III, two business...

KBS Strategic Opportunity REIT II JV Buys North Hollywood Apartment Building

In a joint venture, KBS Strategic Opportunity REIT II, a publicly registered non-traded real estate investment trust, and MWest Holdings, a privately held real...

New Offerings Added to the AI Insight Platform

AI Insight, a leader in alternative investment education for broker-dealers and advisors, has activated new offerings for training and review on their platform. The...

Daily NAV REITs Post Another Quarter of Positive Returns in 3Q16

Summit Investment Research, a research and due diligence firm founded by Michael Stubben, recently released its dNAV REIT Index report for the third quarter...

W.P. Carey’s BDC Feeder Fund Announces Third Quarter 2016 Results

Carey Credit Income Fund 2016 T (CCIF 2016 T), a feeder fund for Carey Credit Income Fund (CCIF) – a non-traded business development company...

Hartman XX Buys San Antonio Shopping Center

Hartman Short Term Income Properties XX Inc., a publicly registered non-traded real estate investment trust, purchased the Village Pointe shopping center in San Antonio,...

Steadfast to Launch $3 Billion Closed-end Fund

Steadfast is launching a $3 billion closed-end investment fund called Steadfast Alcentra Global Credit Fund, according to preliminary documents filed with the Securities and...