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Monthly Archives: October 2017

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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...

First Capital’s BDC Forms Special Committee to Deal with Bankrupt Investment

The board of First Capital Investment Corporation, a publicly registered non-traded business development company, is establishing a special committee to evaluate and arrange for...

Blackstone REIT Updates 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...

Hospitality Investors Trust Commences Defensive Tender Offer

Hospitality Investors Trust, a publicly registered non-traded REIT formerly known as American Realty Capital Hospitality Trust, commenced a tender offer for up to 1...

FINRA Suspends Ex-Woodbury Advisor

The Financial Industry Regulatory Authority has suspended a former broker affiliated with Signator Investors Inc. and Woodbury Financial for a period of 10 months...

Carter Validus Mission Critical REIT to Sell 15 Properties for More Than $1 Billion

Carter Validus Mission Critical REIT Inc., a publicly registered non-traded real estate investment trust, has agreed to sell 15 properties in two separate transactions...

KBS Launches Online Retail Platform for $500 Million Reg D Offering

KBS, a commercial real estate investment firm and sponsor of non-traded direct investment offerings, debuted its direct-access online platform – KBSDirect.com – for accredited...

Hines Global REIT II Buys UK Student Housing Property from W.P. Carey REIT Affiliate

Hines Global REIT II Inc., a publicly registered non-traded real estate investment trust, has purchased Queen’s Court, a 395-bed student housing property located in...

ADISA Honors Award Winners at 2017 Annual Conference in Las Vegas

The Alternative Direct Investment Securities Association announced the 2017 winners of the organization’s A Champion of Excellence (ACE), Distinguished Service, and President’s awards. The...

ARC Healthcare Trust III Schedules Affiliate Asset Sale and Liquidation Vote

Shareholders of American Realty Capital Healthcare Trust III, a publicly registered non-traded real estate investment trust sponsored by AR Global, will soon vote on...

SmartStop Affiliate Completes Student Housing DST Offering

Strategic 1031 Properties, LLC, an affiliate of SmartStop Asset Management, announced that its Delaware Statutory Trust offering, Reno Student Housing DST, has been fully...