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Monthly Archives: September 2017

Fidelity: M&A Activity Heats up for Independent Broker-Dealers

Fidelity Clearing & Custody Solutions released its latest merger and acquisition report, Insights from Independent Broker-Dealers, which found that IBD M&A activity is heating...

FS Investments Names Global Head of Real Estate to Manage New Non-Traded REIT

FS Investments, a leading alternative asset manager and sponsor of non-traded direct investment programs, has hired Rob Lawrence as managing director and global head...

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...

Phoenix American Financial Services Hires Senior Vice President of Fund Accounting

Phoenix American Financial Services, a provider of transfer agent services for alternative investments, has hired Justin Deitrick as senior vice president of fund accounting. In...

Massachusetts Regulators Charge SII with Improper Non-Traded REIT Sales

Secretary of the Commonwealth of Massachusetts William Galvin has filed an administrative complaint against independent broker-dealer SII Investments for failing to maintain and enforce...

FINRA Bars Former LPL Broker for Corporate Credit Card Fraud

The Financial Industry Regulatory Authority has barred a former LPL broker for allegedly stealing $16,300 by submitting fraudulent expense reports relating to his corporate...

Griffin Capital Essential Asset REIT II Commences Follow-on Daily NAV Offering

The follow-on offering for Griffin Capital Essential Asset REIT II Inc., a publicly registered non-traded real estate investment trust, was declared effective by the...

Pathway Energy Fund Sets Date for Interval Fund Restructuring Vote

Pathway Energy Infrastructure Fund Inc., a publicly registered non-traded closed-end fund, set the date for its special meeting of stockholders on October 25th at...

FS Investments REIT Makes First Investments 

FS Credit Real Estate Income Trust, a $2.5 billion non-traded real estate investment trust sponsored by FS Investments, has closed on two floating-rate mortgage...

CNL Healthcare Properties II Declares Initial Net Asset Value

The board of CNL Healthcare Properties II, a publicly registered non-traded real estate investment trust, approved an estimated net asset value per share of...