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Monthly Archives: July 2018

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Hines Global to Sell 10 European Logistics Properties to Blackstone Affiliate for $526.9 Million

Hines Global REIT Inc., a publicly registered non-traded real estate investment trust, has agreed to sell 10 logistics properties located in Germany and Poland...

Broadtree Residential Buys $137.5 Million Multifamily Portfolio via UPREIT Transaction

Broadtree Residential Inc., a private real estate investment trust managed by Broadstone Real Estate LLC, has purchased a portfolio of three Class A multifamily...

Griffin-American Healthcare REIT IV to Buy $78.5 Million Medical Portfolio

Griffin-American Healthcare REIT IV Inc., a publicly registered non-traded real estate investment trust co-sponsored by American Healthcare Investors and Griffin Capital Company, has agreed...

Ladenburg Promotes 24-Year Employee to SVP for Organizational and Practice Development

Ladenburg Thalmann Financial Services Inc. (NYSE: LTS, LTSL, LTS PrA, LTSF), a publicly-traded financial services company, has promoted Kirk Hulett, head of Ladenburg practice...

Israeli Investment Fund Completes Unsolicited Tender Offer for Cole REIT Shares

Comrit Investments 1 LP, a Tel Aviv-based investment fund, has completed its unsolicited tender offer for shares of Cole Office & Industrial REIT Inc....

Stanger: AR Global’s American Finance Trust Listing “A Huge Belly Flop”

Robert A. Stanger & Co has issued a special report criticizing the recent public listing of AR Global’s former non-traded REIT American Finance Trust...

LPL Reports Earnings Surge During Second Quarter

LPL Financial, the nation’s largest independent broker-dealer, announced its financial results for second quarter ended June 30, 2018.The company reported net income of $119...

RK Properties Sells Four Properties on Behalf of 1031/TIC Investors for 10% Average Return

RK Properties, a sponsor of alternative private placement offerings, has recently sold four multifamily properties across Phoenix, Arizona and Salt Lake City, Utah for...

NexPoint Hospitality Trust Withdraws Pre-Effective Registration Statement

NexPoint Hospitality Trust, sponsored by Highland Capital Management L.P., has withdrawn its pre-effective registration statement for a $1.1 billion non-traded real estate investment trust...

SEC Charges Sterne Agee Managing Director in NY Retirement Fund Pay-to-Play Scheme

The Securities & Exchange Commission has filed a civil injunctive action against John Paulsen, a former managing director and fixed income research analyst at...

MacKenzie Launches Tender Offer for AR Global’s American Finance Trust Shares

MacKenzie Realty Capital Inc. has launched an unsolicited tender offer for shares of American Finance Trust (NASDAQ: AFIN), a former non-traded real estate investment...

Capital Square 1031 Acquires 344-Unit Multifamily Community in Greater Atlanta’s Cobb County

Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust offerings, has purchased Ivy Commons Apartments, a 344-unit multifamily...

FS Investments CEO Appointed to Innovatus Capital Advisory Board

Innovatus Capital Partners LLC, an independent adviser and portfolio management firm, has appointed Michael Forman, the chairman and chief executive officer of FS Investments,...

Ameriprise Grows Retail Client Assets to Record $566 Billion in 2Q18

Ameriprise Financial Inc. (NYSE: AMP), one of the nation’s largest independent broker-dealers, reported strong growth during the second quarter of 2018 across a number...

Carter Validus Mission Critical REIT II COO to Retire at Year End

Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, announced that Lisa Drummond plans to retire from her...

JLL Income Property Trust JV Invests in Two Multifamily Properties Near Boston

JLL Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), a daily NAV REIT sponsored by Jones Lang LaSalle (NYSE: JLL), formed a joint venture with...

Cottonwood Multifamily REIT I Increases NAV Per Share

The board of Cottonwood Multifamily REIT I Inc., a Regulation A+ real estate investment trust, approved an updated net asset value of $11.01 for...

Massachusetts Charges Adviser with Lying to Clients about Disciplinary History

Massachusetts securities regulators have charged Alan P. Siegel, a broker and investment adviser whose customers are primarily retirees or approaching retirement, for making false...

KBS Strategic Opportunity REIT Sells Historic Seattle Building for Big Profit

KBS Strategic Opportunity REIT Inc., a publicly registered non-traded real estate investment trust, has sold the Central Building in Seattle, Washington for $67.5 million,...

InPoint Commercial Real Estate Income Originates $21 Million First Mortgage Loan

InPoint Commercial Real Estate Income Inc., a commercial mortgage real estate investment trust sponsored by Inland Real Estate Investment Corporation and sub-advised by an...