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Monthly Archives: January 2018

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FINRA Censures Three Credit Suisse Execs

The Financial Industry Regulatory Authority is requiring Michael Dryden, Jay Kim and Peter Sack, three managing directors at Credit Suisse Securities, to retake their...

Carter Multifamily Fund Management Names Joe Laganza as SVP of National Accounts

Carter Multifamily Fund Management Company LLC, a newly-formed sponsor in the multifamily real estate investment space, has hired Joe Laganza as senior vice president...

Greenbacker Increases Net Asset Value and Revises Share Offering Prices

The board of Greenbacker Renewable Energy Company LLC, a publicly registered, non-traded limited liability company, has approved the December 31, 2017 net asset value...

MacKenzie Launches Tender Offer for Summit Healthcare REIT Shares

MacKenzie Realty Capital Inc., a publicly registered non-traded business development company, has commenced an unsolicited tender offer to purchase 900,000 shares of Summit Healthcare...

Israel-Based Investment Fund Launches $24 Million ARC NYC REIT Tender Offer

Comrit Investments 1 LP, a private real estate investment fund based in Tel Aviv, Israel, has launched an unsolicited tender offer to purchase up...

Griffin Interval Funds Name New Chief Compliance Officer

Griffin Institutional Access Credit Fund and Griffin Institutional Access Real Estate Fund, two interval funds sponsored by Griffin Capital Company, have named Ryan Del...

LPL Retains $1.6 Billion Life Brokerage Financial Group

Life Brokerage Financial Group, a brokerage firm with $1.6 billion in assets under management, will join LPL Financial’ s broker-dealer and corporate registered investment...

Commercial Real Estate Veteran Matt Bear Launches Investment Services Firm

Matt Bear, a commercial real estate veteran with nearly three decades of investment services experience, has launched Bear Real Estate Advisors LLC, a boutique...

UDF IV Agrees to Proposed Settlement in Investor Lawsuit

United Development Funding IV, a publicly traded real estate investment trust (OTCMKTS: UDFI), has disclosed that a federal court in Texas has preliminarily approved...

MacKenzie Declares Special Dividend

The board of directors of MacKenzie Realty Capital Inc., a non-traded business development company, has authorized a $0.075 per share special dividend in addition...

Ladenburg Thalmann Launches FinTech Platform Led by Dan Sachar

Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), a publicly-traded financial services company, has launched its enterprise innovation initiative and innovation lab. The firm appointed...

Kestra Financial Appoints Kris Chester as Chief Operating Officer

Independent advisor platform Kestra Financial Inc. has hired financial services professional Kris Chester as its new chief operating officer.Chester spent the past 18 years...

Ameriprise Reports Strong Performance in 2017

Ameriprise Financial Inc. (NYSE: AMP), one of the nation’s largest independent broker-dealers, reported strong growth in the fourth quarter of 2017, including net revenues...

Securities America Transitions 14 More Advisor Groups

Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Service (NYSE: LTS), has transitioned 14 independent financial advisory businesses and groups from across...

Bluerock Capital Markets Hires Former FS Investments Exec as SVP of National Accounts

Bluerock Capital Markets LLC, as the managing broker-dealer for alternative investment management firm Bluerock, has hired Rebekah Brooks to serve as senior vice president...

FINRA Suspends Adviser Over Fake Sex Ads

The Financial Industry Regulatory Authority has suspended former Edward Jones broker Paul Martin Betenbaugh for three months for allegedly posting fake Craigslist sex ads...

FS Investments BDC Provides Financing to USA Compression Partners for Strategic Transaction

FS Energy and Power Fund, a business development company managed by an affiliate of FS Investments, is participating in a directly originated $500 million...

Aspen REIT’s Reg A+ IPO Qualified by SEC

The recently-formed Aspen REIT Inc., a single-asset real estate investment trust, announced that its $33.5 million Regulation A+ initial public offering has been qualified...

RK Properties Sells Another Pre-Recession Property

RK Properties, a sponsor of alternative private placement offerings, has sold Walnut Village, a 144-unit multifamily property in Sacramento, California, for $17 million on...

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...