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Monthly Archives: March 2018

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SagePoint Adds Three Advisor Groups with $2 Billion in Client Assets

SagePoint Financial, a financial services firm with more than 1,900 advisors nationwide, announced that High Point Capital Group, Legacy Financial Advisors Inc., and Buckley...

RK Properties Wins Triple Digit Returns for TIC and Fund Investors in Latest Sale

RK Properties, a sponsor of alternative private placement offerings, has sold Pinnacle Fort Union in Salt Lake City, Utah for nearly $31.8 million on...

Aegis Capital Fined $1.3 Million for Failing to File Suspicious Activity Reports

Aegis Capital Corporation, a New York-based brokerage firm with 400 reps, was fined a combined $1.3 million by both the SEC and FINRA for...

Triloma EIG Funds Agree to Liquidate

The boards of Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund – Term I, two unlisted investment companies that focus on...

Hartman vREIT XXI Buys Value-Add Portfolio Near Dallas for $5 Million

Hartman vREIT XXI Inc., a publicly registered non-traded real estate investment trust, has purchased the Richardson Tech Center, a four-building, 97,000-square-foot portfolio located in...

Tortoise Launches $50 Million Interval Fund

Tortoise Investments has launched the Tortoise Tax-Advantaged Social Infrastructure Fund (TSIFX), a $50 million closed-end interval fund that plans to focus at least 80...

MBD Solutions Hires National Sales Director

MBD Solutions, a third party managing broker-dealer, has hired Michael Roman as director of national sales to oversee the company’s sales strategies and relationship...

Strategic Storage Trust IV Buys 460-Unit Self Storage Facility in Riverside, California

Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management, has purchased a 460-unit self storage...

Triad Affiliate Recruits $100 Million Advisor from Lincoln Financial

Triad Advisors LLC, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has recruited Atlanta area advisor Chris Kohne to Sugarloaf...

SEC Charges Broker-Dealer in Employee’s Alleged Pump-and-Dump Scheme

The Securities and Exchange Commission has charged broker-dealer Wedbush Securities Inc. for failing to supervise one of its registered representatives who was allegedly involved...

Bluerock Value Exchange Subscribes Multifamily 1031 Exchange Offering in 50 Days

Bluerock Value Exchange, a national sponsor of syndicated 1031 exchange offerings, has fully subscribed its latest 1031 exchange program, BR Glenwood DST, a Class...

Black Creek Diversified Property Fund Names New Managing Director, CFO And Treasurer

The board of Black Creek Diversified Property Fund Inc., a publicly registered NAV REIT formerly known as Dividend Capital Diversified Property Fund, has appointed...

Ladenburg Launches Behavioral Financial Advice Training Program

Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), a publicly-traded, diversified financial services company, has launched a new enterprise-level education and training program for advisors...

Capital Square 1031 Completes Tampa Office/R&D DST Offering

Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust investments, has fully subscribed its DST offering, CS1031 Tampa...

Former ARCP Chief Accounting Officer Lisa McAlister Sentenced to Time Served

Lisa McAlister, the former chief accounting officer of American Realty Capital Properties Inc., was sentenced to time served and one year of supervised release...

NAFA & DOL Drop Fixed Annuities Lawsuit Following Fifth Circuit Fiduciary Rule Decision

The National Association for Fixed Annuities has dropped its lawsuit challenging the Department of Labor’s fiduciary rule. In a filing with the U.S. Court...

ExchangeRight and Telos Appoint New Chief Investment Officer

ExchangeRight Real Estate, a sponsor of 1031 exchange investment programs, and its affiliate Telos Capital have appointed Brett Franklin as their new chief investment...

Resource Apartment REIT III Buys Multifamily Property Near Atlanta for $44 Million

Resource Apartment REIT III Inc., a publicly registered non-traded real estate investment trust, has purchased Tramore Village, a multifamily property in the Atlanta suburb...

BDCs Win Big in New Spending Bill

Congress signed into law on Friday a bill that allows business development companies to streamline their offering, filing, and registration processes and increase their...

The Parking REIT Suspends Cash Distributions

The board of The Parking REIT Inc., a publicly registered non-traded real estate investment trust, has unanimously authorized a suspension of the company's cash...