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Monthly Archives: May 2018

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...