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Monthly Archives: October 2017

Report: Securitized 1031 Exchange Programs to Raise Nearly $2 Billion in 2017

Securitized 1031 programs are on pace to raise $1.80 billion this year, according to the latest industry market report issued by Mountain Dell Consulting,...

SEC Charges Apollo Senior Partner for Stealing from Fund Investors

The Securities and Exchange Commission has charged Mohammed Ali Rashid, a former senior partner at private equity giant Apollo Management L.P., with defrauding...

AR Global’s Healthcare Trust Expands Credit Facilities

Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has closed approximately $150 million of additional advances under...

Griffin Capital Essential Asset REIT Announces Revised NAV

The board of Griffin Capital Essential Asset REIT, a publicly registered non-traded REIT, approved a new estimated net asset value of $10.04 per share...

LPL Reports 11.5% Increase in Net Income, Recruitment Flat

LPL Financial Holdings Inc. (NASDAQ: LPLA) announced results for its third quarter ended September 30, 2017, reporting net income of $58 million, or $0.63...

ARC New York City REIT Issues Revised NAV

The board of directors of American Realty Capital New York City REIT, a non-traded REIT sponsored by AR Global, unanimously approved an estimated net...

Cambridge Promotes Kevin Manz to First Vice President of Operations

Cambridge Investment Group has promoted Kevin Manz to first vice president of operations. In this role, Manz provides leadership for the brokerage operations and...

Feds Recommend 7-Year Prison Sentence for Brian Block

Brian Block, former chief financial officer of American Realty Capital Properties Inc., and long-time partner of AR Global’s Nicholas Schorsch, is facing at least...

Ameriprise Reports Record-Breaking Results During the Third Quarter 2017

Ameriprise Financial Inc. (NYSE: AMP), one of the nation’s largest independent broker-dealers, reported strong growth during the third quarter 2017 across a number of...

Broadstone to Launch $1 Billion Interval Fund

Broadstone Real Estate, a privately-owned investment manager, plans to launch a $1 billion interval fund called Broadstone Real Estate Access Fund Inc., according to...