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Monthly Archives: August 2017

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DOL Opens 15-Day Comment Period on Fiduciary Rule Delay

The Department of Labor has opened a 15-day comment period on its proposal to delay the remaining provisions of its fiduciary rule for 18...

Triton Pacific Expands Sales Team with Two New Hires

Triton Pacific Securities, the managing broker-dealer for Triton Pacific Capital Partners’ retail focused private equity offerings, has hired Preston Nevins and Jace Roach to...

KBS REIT II Urges Shareholders to Reject MacKenzie Tender Offer

KBS Real Estate Investment Trust II, a publicly registered non-traded REIT, is urging shareholders to reject an unsolicited tender offer from MacKenzie Realty Capital,...

Fiduciary Rule Implementation Delay Approved by OMB

The Office of Management and Budget has approved a proposal by the Department of Labor to delay implementation of the remaining provisions of the...

Research Firm Sees Difficult Path Back to Healthy Non-Traded REIT Market

Publicly registered non-traded REITs raised a total of $2.2 billion during the first two quarters of 2017, according to Summit Investment Research’s latest Non-Listed...

Merrill Lynch Duo with $311 AUM Moves to LPL Hybrid Platform

LPL Financial, the nation’s largest independent broker-dealer, announced that Barton Spector Wealth Strategies has joined its broker-dealer platform and aligned with Stratos Wealth Partners,...

MVP REIT II Reports Exponential MFFO Growth During the Second Quarter 2017

MVP REIT II, a publicly registered non-traded real estate investment trust that invests in parking-related properties, released its financial results for the second quarter...

Colony NorthStar Inks $3.4 Billion Merger Agreement with Two Affiliated Non-Traded REITs

Colony NorthStar Inc. (NYSE: CLNS) and two affiliated non-traded REITs have agreed to merge and create a commercial real estate credit REIT with approximately...

SEC Charges Dawn Bennett with Running $20 Million Ponzi Scheme

The Securities and Exchange Commission has charged former financial adviser Dawn Bennett with defrauding investors and spending their money on herself and to make...

FS Investment Energy BDC Reports Second Quarter 2017 Financial Results

FS Energy and Power Fund, a publicly registered non-traded business development company, announced its operating results for the quarter ended June 30, 2017.Financial Highlights...

GPB Capital Enters Healthcare Sector with Purchase of Four Physical Therapy Practices

GPB Capital, a New York-based asset management firm, has purchased four physical therapy center operators, including Back in Motion, Rehab Access, Arrow Physical Therapy...

Webb Creek Program Added to 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...

DOL Working to Kill Fiduciary Rule Class Action Provision

The Department of Labor further indicated in a recent court filing in the Thrivent Financial case that it may be working to nix a...

Blackstone Real Estate Income Trust Declares Monthly NAV Per Share

Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), updated its aggregate monthly...

Griffin Capital Essential Asset REIT II Reports Substantial Revenue and Net Income Growth in...

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

Greenbacker to Buy Five Operating Solar Facilities in North Carolina for $20.5 Million

Greenbacker Renewable Energy Company LLC, publicly registered, non-traded limited liability company, signed a purchase agreement to acquire five operating ground mounted solar photovoltaic systems...

SEC Obtains Asset Freeze Against Former LPL Broker Charged with Stealing Client Funds

The Securities and Exchange Commission has obtained an emergency court order and asset freeze preventing former LPL broker Sonya Camarco from further dissipating stolen...

Dividend Capital Fund Encouraging Proxy Votes with Charitable Donations

To encourage votes for its proposed restructuring plan, the sponsor of Dividend Capital Diversified Property Fund, a daily NAV REIT (NASDAQ: ZDPFAX; ZDPFEX; ZDPFIX;...

Strategic Storage Growth Trust Buys Massachusetts Self Storage Facility for $37.5 Million

Strategic Storage Growth Trust Inc., a publicly registered non-traded real estate investment trust, purchased an 840-unit self storage facility in Nantucket, Massachusetts. According to...

Guest Contributor: The Financial Professional’s Guide to Advising Senior Investors

Baby boomers are retiring in droves. Many of them are facing health issues, the loss of a spouse or the realization that they haven’t...