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Monthly Archives: June 2018

KBS REIT II Completes Final Property Sale at Corporate Technology Centre in San Jose

KBS Real Estate Investment Trust II, a publicly registered non-traded REIT, has sold 400 Holger Way in San Jose for an undisclosed amount. The...

Triton Pacific Program Buys 64 Burger King Restaurants

Tasty Brands LP, a Reg D program sponsored by Triton Pacific Company, has purchased 64 Burger King fast food restaurants located in Iowa, Kansas...

SEC Fines Wells Fargo Advisors $4 Million Over Improper Sales of Complex Financial Products

The Securities and Exchange Commission announced that Wells Fargo Advisors LLC has agreed to settle charges of misconduct in the sale of financial products...

Blackstone REIT and Greystar Partner to Buy $1.2 Billion Student Housing Portfolio

Blackstone Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by The Blackstone Group (NYSE: BX), has agreed to...

LPL Taps Former UBS Exec as New Managing Director and Head of Business Development

LPL Financial LLC., the nation’s largest independent broker-dealer, has named Richard Steinmeier as the firm’s new managing director and head of business development, effective...

SmartStop Promotes Gerald Valle to SVP of Self Storage Operations

SmartStop Asset Management LLC, a sponsor of non-traded real estate investment trusts and 1031 exchange programs, has promoted Gerald Valle to senior vice president...

Hines REIT Sets Date for Final Liquidating Distribution

Hines Real Estate Investment Trust Inc., a publicly registered non-traded real estate investment trust, plans to issue its final liquidating distribution on July 31,...

Feds Urge Appeals Court to Uphold Conviction of ARCP CFO Brian Block

Federal prosecutors filed their brief with the Second Circuit Court of Appeals on Wednesday urging the court to uphold the conviction of Brian Block,...

FS Credit REIT Plans to Change Offering from Daily to Monthly NAV

FS Credit Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by FS Investments, is planning to modify its...

Stira Capital Markets Group Hires Regional Vice President for Northwest Territory

Stira Capital Markets Group, the securities and financial services division of Steadfast Companies, has named Matthew Podolsky as regional vice president for their Northwest...