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Monthly Archives: June 2017

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Former ARCP CFO Found Guilty of Securities Fraud

Brian Block, former chief financial officer of American Realty Capital Properties Inc. (now Vereit), and long-time partner of AR Global’s Nicholas Schorch, was found...

DOL Seeks Public Comments on Changes to Fiduciary Rule, Pledges to Work with SEC...

The chairs of the Securities and Exchange Commission and the Department of Labor testified before separate Senate Appropriations Subcommittees this week on their respective...

KBS Strategic Opportunity REIT II Registers Follow-on Offering

KBS Strategic Opportunity REIT II Inc., a publicly registered non-traded real estate investment trust, filed a registration statement for a $1 billion follow-on offering...

CNL Growth Properties Sells Joint Venture Property Near Houston

CNL Growth Properties, a publicly registered non-traded REIT, sold Modera at Spring Town Center, a 396-unit multifamily community, to Abbey Residential LLC for $49.8...

Strategic Storage Trust IV Appoints New Independent Director

Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management, announced that Stephen Muzzy has resigned...

KBS Growth & Income REIT Terminating Offering on Friday

KBS Growth & Income REIT Inc., a publicly registered non-traded real estate investment trust, is closing its primary offering at the end of the...

Resource REITs Appoint New Executives Following Kevin Finkel Resignation

A number of non-traded REIT’s sponsored by Resource Real Estate announced that Kevin Finkel has resigned from his executive and board positions at the...

Strategic Student & Senior Housing Trust Buys University of Arkansas Student Housing Property

Strategic Student & Senior Housing Trust Inc., a private real estate investment trust sponsored by SmartStop Asset Management LLC, has acquired The District, a...

Financial Advisor to Chair FSI Board of Directors

The Financial Services Institute, a trade organization that represents independent financial advisors and financial services firms, has elected new directors for its 2018 board...

Block Maintains Innocence During ARCP Fraud Trial

Brian Block, former chief financial officer of American Realty Capital Properties, maintained his innocence during testimony at his criminal trial in New York, telling...

ARC NYC REIT Fails to Garner Stockholder Votes, Annual Meeting Adjourned

American Realty Capital New York City REIT Inc., a publicly registered non-traded real estate investment trust, announced that yesterday’s annual meeting of stockholders was...

Trade Associations Urge Nevada Securities Administrator to Reconsider New Fiduciary Regulation

The Alternative & Direct Investment Securities Association, along with other financial services trade associations and companies, cosigned a letter to Nevada securities administrator Diana...

Ameriprise Schedules Second Quarter 2017 Investor Conference Call

Ameriprise Financial, Inc. (NYSE: AMP), one of the nation’s largest independent broker-dealers, plans to announce its second quarter 2017 financial results on Tuesday, July...

FINRA Accuses Former National Securities Rep and Assistant of Converting Customer

The Financial Industry Regulatory Authority has filed a complaint against former National Securities Corporation registered representative Kyle Harrington and his assistant Linda Milberger for...

Behringer Harvard Opportunity REIT II to Sell Hawaii Hotel

Behringer Harvard Opportunity REIT II, a publicly registered non-traded real estate investment trust, has agreed to sell the Courtyard Kauai at Coconut Beach, a...

Inspired Healthcare Capital Launches Reg D Fund

Inspired Healthcare Capital, a Scottsdale-based sponsor of private investment funds, recently launched a $30 million Reg D offering that intends to invest in senior...

LPL Names New Chief Information Officer

LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, has hired Scott Seese to serve as managing director and chief information...

Research Firm Says ARC NYC REIT Investors Should “Brace for Impact” with the Upcoming...

Summit Investment Research, an investment research and due diligence firm, published a report stating that investors in ARC New York City REIT should brace...

First Capital’s BDC Appoints Chairman as Acting CFO

The board of First Capital Investment Corporation, a publicly registered non-traded business development company, has appointed Suneet Singal, the chairman of the board, to...

Two Former ARC Programs Replace Independent Accounting Firms

Business Development Corporation of America, a publicly registered non-traded business development company, dismissed KPMG as the its independent registered public accounting firm and hired...