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Monthly Archives: May 2017

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MVP REIT and MVP REIT II Announce Definitive Merger Agreement

Two publicly registered non-traded real estate investment trusts, MVP REIT Inc. and MVP REIT II Inc., have entered into a definitive merger agreement, where...

US Chamber: DOL Fiduciary Rule Harming American Investors

The U.S. Chamber of Commerce, the nation’s largest business trade group and outspoken opponent of the Department of Labor’s fiduciary rule, has issued a...

Carter Validus Mission Critical REIT II Buys Data Center in Charlotte, North Carolina

Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, purchased a 53,000-square-foot data center in Charlotte North Carolina...

First Capital REIT Closes Initial PhotoMedex Transaction

First Capital Real Estate Trust Incorporated, a publicly registered non-traded real estate investment trust, has closed the initial phase of its transaction with PhotoMedex...

New Jersey Securities Bureau Fines David Lerner Associates for Improper REIT Sales

The New Jersey Bureau of Securities has fined independent broker-dealer David Lerner Associates $650,000 to resolve an investigation into its sales of non-traded real...

Moody REIT I Stockholders Overwhelmingly Approve Merger

Stockholders of Moody National REIT I, a publicly registered non-traded real estate investment trust, approved the previously announced merger with affiliated non-traded REIT, Moody...

Griffin-American Healthcare REIT IV Buys Senior Housing Portfolio Near St. Louis

Griffin-American Healthcare REIT IV Inc., a publicly registered non-traded REIT sponsored by American Healthcare Investors and Griffin Capital Company, has purchased a five-building senior...

PENSCO Named Successor Custodian for Merrill Lynch Retirement Accounts Invested in Alts

PENSCO Trust Company, an alternative asset IRA custodian and subsidiary of Opus Bank (Nasdaq: OPB), entered into an agreement with Merrill Lynch to custody...

Four Springs Capital Trust Files $50 Million IPO, Plans to List on NYSE

Four Springs Capital Trust, a private real estate investment trust, filed a preliminary prospectus with the Securities and Exchange Commission for a $50 million...

Griffin-American Healthcare REIT III Reports First Quarter 2017 Results

Griffin-American Healthcare REIT III Inc., a publicly registered non-traded real estate investment trust co-sponsored by American Healthcare Investors and Griffin Capital Company, reported its...

Rich Uncles Responds to The DI Wire’s Crowdfunding Article

Editor’s note: The DI Wire received the following letter written by Harold Hofer, chief executive officer of Rich Uncles NNN REIT, in response to...

First Capital’s BDC Discloses Third-Party CFO and CCO Resignations

First Capital Investment Corporation, a publicly registered non-traded business development company, announced that its third-party chief financial officer and chief compliance officer terminated their...

IPA Comments on DOL Fiduciary Rule Decision

The Investment Program Association, a trade organization representing the direct investment industry, commented on the recent decision by the Department of Labor to begin...

MacKenzie Commences Tender Offer for ARC Healthcare III Shares

MacKenzie Realty Capital Inc., a non-traded business development company, has offered to purchase up to 200,000 shares of American Realty Capital Healthcare Trust III...

Griffin-American Healthcare REIT IV Buys Georgia MOB Portfolio

Griffin-American Healthcare REIT IV Inc., a publicly registered non-traded real estate investment trust sponsored by Griffin Capital and American Healthcare Investors, has acquired the...

KBS Strategic Opportunity REIT Sells 100-Year-Old Boston Office Property for $79 Million

KBS Strategic Opportunity REIT, a publicly registered non-traded real estate investment trust, sold a 10-story office building located in Boston, Massachusetts for $79 million....

Former SEC Executive Joins Independent Broker-Dealer as General Counsel

HD Vest Financial Services, a tax-centric independent broker-dealer, announced that David Peavler has joined the firm as general counsel and will oversee the firm’s...

SEC Launches Investigation of Rich Uncles REIT

Rich Uncles NNN REIT, a publicly-registered crowdfunded real estate investment trust, disclosed that the Securities and Exchange Commission is investigating its advertising and sales...

Griffin Capital Essential Asset REIT Reports 15% Net Income Increase

Griffin Capital Essential Asset REIT Inc., a publicly registered non-traded real estate investment trust, announced its operating results for the quarter ended March 31,...

ADISA Comments on Labor Secretary Acosta’s Fiduciary Rule Op-Ed

The Alternative & Direct Investment Securities Association, a trade association representing the non-traded alternative investment industry, commented on Secretary of Labor Alexander Acosta’s Wall...