Home 2018 May

Monthly Archives: May 2018

image_pdf

SEC Charges Rep in $8 Million Scam Targeting Long-Standing Brokerage Customers

The Securities and Exchange Commission has charged Steven Pagartanis with defrauding long-standing brokerage customers in an $8 million investment scam by soliciting and selling...

The Parking REIT Declares Net Asset Value, Suspends Share Repurchase Plan

The board of The Parking REIT Inc., a publicly registered non-traded real estate investment trust, has approved an estimated per share net asset value...

Triad Advisors Recruits $750 Million Advisory Firm from LPL Financial

Triad Advisors LLC, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has recruited Boston-area independent advisory firm Pinnacle Private Wealth...

RBC Partners with Artivest to Launch Digital Alts Platform

RBC Wealth Management U.S., a full-service wealth management firm, has launched a new digital alternative investment platform for high-net worth clients.Developed in partnership with...

Israeli Investment Fund Offers $8.52 for Cole REIT Shares

Comrit Investments 1 LP, a Tel Aviv-based investment fund, has launched an unsolicited tender offer to purchase up to 3.4 million shares of Class...

FINRA Bars Former Ameriprise Rep for Unauthorized Trades, Failure to Respond

The Financial Industry Regulatory Authority has barred a former Ameriprise Financial Services Inc. representative for failing to timely respond to their request for information...

KBS Appoints Co-Directors of Asset Management

KBS, a private equity real estate company and sponsor of non-traded direct investment programs, has appointed Brent Carroll and Giovanni Cordoves as co-directors of...

ProEquities Appoints Former Lincoln Financial Exec to Lead Practice Management Group

ProEquities, Inc., an independent RIA and a broker-dealer, is launching a practice management group which the company said is “designed to accelerate growth for...

Flat Rock Global to Launch $100 Million Interval Fund

Flat Rock Global LLC, an alternative asset management firm, is planning to launch a $100 million interval fund named Flat Rock Opportunity Fund. The...

Hartman Explains NAV Decline for Three REITs Involved in Proposed Merger

Hartman Short Term Income Properties XX Inc., Hartman Income REIT Inc., and Hartman Short Term Income Properties XIX Inc., three affiliated real estate investment...

Passco Buys Class A Multifamily Property in Sarasota

Passco Companies LLC, a sponsor of 1031 Delaware statutory trusts and other alternative investments, has acquired a Class A multifamily property in Sarasota, Florida...

Lightstone Value Plus REIT II Secures $140 Million Credit Facility

Lightstone Value Plus Real Estate Investment Trust II Inc., a publicly registered non-traded REIT, has secured a $140 million revolving credit facility with Western...

Feds Arrest Former Royal Alliance Broker for $2 Million Fraud Against Elderly Clients

A former Royal Alliance broker was indicted and arrested by federal agents yesterday for allegedly stealing more than $2.1 million from two of his...

Summit: Perpetual Life REITs Raised 75% of Total Non-Traded REIT Equity in 1Q18

Non-traded real estate investment trusts raised a total of $919 million in capital in the first quarter of 2018, according to the latest Non-Listed...

Black Creek Industrial REIT IV to Buy $46 Million Florida Industrial Property

Black Creek Industrial REIT IV Inc., a publicly registered non-traded real estate investment trust, has agreed to purchase Park 429 Logistics Center in the Orlando...

Kestra Private Adds Another Former Wells Fargo Advisors Team

Kestra Private Wealth Services LLC, a registered investment adviser subsidiary of Kestra Financial Inc., has added St. Louis-based Undivided Wealth Management to its platform.Undivided...

Private Equity Firm Acquires Compliance Software Provider “RIA in a Box,” Appoints New Executive...

Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services and technology, has acquired software service provider RIA in a...

FINRA Fines Former MSI Broker for Giving Client Information to Fired Son

The Financial Industry Regulatory Authority has suspended and fined a former MSI Financial Services Inc. broker for allegedly giving non-public, personal MSI customer information...

KBS Strategic Opportunity REIT Releases Preliminary Results of $90 Million Self-Tender Offer

KBS Strategic Opportunity REIT, a non-traded real estate investment trust, has released the preliminary results of its $90 million self-tender offer.Last month, KBS Strategic...

Strategic Storage Trust IV Buys Self Storage Facility Near Tacoma

Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, has purchased a 780-unit self...