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Monthly Archives: September 2017

Moody National REIT II Completes Merger with Moody National REIT I

Moody National REIT II Inc., a publicly registered non-traded real estate investment trust, has completed its merger with Moody National REIT I Inc. The...

SmartStop to Launch $1 Billion Student and Senior Housing Non-Traded REIT

SmartStop Asset Management LLC, a sponsor of non-traded REITs and other direct investment offerings, is launching a $1 billion non-traded REIT called Strategic Student...

Carter Validus Mission Critical REIT II Increases Net Asset Value

Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, updated its estimated per share net asset value to...

Capital Square 1031 Buys Atlanta Multifamily Property

Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust investments, has purchased Fairway View Apartments, a 243-unit multifamily...

Rep. Wagner Introduces Bill to Replace Fiduciary Rule with Best Interest Standard

Rep. Ann Wagner (R-MO) has introduced a bill in the U.S. House of Representatives to repeal the Department of Labor’s fiduciary rule and replace...

Capital Guardian Joins Kovack Securities as Super OSJ

  Capital Guardian LLC, a Miami-based independent broker-dealer and wealth management firm, has joined Kovack Securities Inc., an independent broker-dealer based in Fort Lauderdale. Capital Guardian,...

Former LPL Broker Indicted for Multiple Counts of Securities Fraud and Theft

Colorado has indicted former LPL broker Sonya Camarco on six counts of securities fraud and seven counts of theft for allegedly diverting more than...

Carter Validus Mission Critical REIT II Buys Washington Healthcare Property

Carter Validus Mission Critical REIT II Inc., a publicly registered, non-traded real estate investment trust has purchased a multi-tenant medical office building in Silverdale,...

Blackstone REIT Continues Torrid Acquisition Pace in September

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

SEC Chair Calls “Harmonized Fiduciary Rule” Top Priority

Securities and Exchange Commissioner Jay Clayton sat before the Senate Banking Committee on Tuesday and discussed coordinating with the Department of Labor and state...

KBS REIT II’s $280 Million Sale of Union Bank Plaza Sale Canceled

KBS Real Estate Investment Trust II Inc., a publicly registered non-traded real estate investment trust, announced that the $280 million sale of Union Bank...

FINRA Fines Enclave Capital for Inaccurate Books and Net Capital Violations

The Financial Industry Regulatory Association has fined New York-based broker-dealer Enclave Capital $30,000 for its alleged failure to maintain accurate books and records and...

Griffin Capital Securities Restructures, Targeting RIA and Wirehouse Expansion

Griffin Capital’s captive broker-dealer and distributor, Griffin Capital Securities LLC, has completed a strategic realignment of its sales organization, a process the company says...

Procaccianti to Launch $552 Million Non-Traded REIT

Privately-held real estate firm Procaccianti Companies Inc. is launching a $552 million non-traded real estate investment trust named Procaccianti Hotel REIT Inc., according to...

Provasi Hires Former WP Carey and LPL Exec as Managing Director of Product and...

Provasi Capital Partners LP has hired John Guthery as managing director of product and marketing to lead all product-related research, marketing, due diligence, and...

InvenTrust Buys Grocery-Anchored Retail Center Near Austin, Texas

InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust, has acquired Kyle Marketplace, a 226,000-square-foot grocery-anchored retail center located in the south...

Phillips Edison REIT Shareholders Overwhelmingly Approve Internalization

Stockholders of Phillips Edison Grocery Center REIT I, a publicly registered non-traded real estate investment trust, have approved the recent proposal to internalize management...

First Capital’s BDC Appoints New Director

The board of First Capital Investment Corporation, a publicly registered non-traded business development company, has appointed Jeff Davi to serve as an independent director...

Four Springs Capital Trust Buys Louisiana Rehabilitation Facility

Four Springs Capital Trust, a private real estate investment trust, has purchased a newly renovated single tenant medical building in Baton Rouge, Louisiana. The...

FINRA Bars Former Maloney Broker for Collectible Medal Investment Scheme

The Financial Industry Regulatory Authority has barred a former Moloney Securities broker for failing to comply with information requests relating to his alleged misuse...