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Monthly Archives: August 2018

Phillips Edison Sets Date for REIT Merger Vote

Shareholders of Phillips Edison & Company Inc. (PECO) and Phillips Edison Grocery Center REIT II Inc. will soon vote on the proposed merger that...

Founders Financial Adds Sustainable Investment Offerings to Platform

Founders Financial Securities LLC, a registered investment advisor and independent broker-dealer, has added internally managed, sustainable investing strategies to its platform. The portfolio includes equity...

ARC New York City REIT Reactivates Share Repurchase Program

American Realty Capital New York City REIT Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has reactivated its share...

Inland Private Completes Final Mariano’s Fresh Market Sale with 9.5% Annualized Return

Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold Mariano’s Fresh Market in Arlington Heights, Illinois for $25.5 million on...

Michael Podboy Resigns from InvenTrust

InvenTrust Properties Corp, a publicly registered non-traded real estate investment trust, announced that Michael Podboy plans to resign as executive vice president, chief financial...

LCM Investment Management Appoints Destra Capital as Sub-Distributor for Interval Fund

Multi-Strategy Growth & Income Fund (MSFDX/MSFYX/MCFDX/MSFIX), a closed-end interval fund advised by LCM Investment Management LLC, has appointed broker-dealer Destra Capital Investments LLC as...

Weil Named CEO of Two AR Global REITs

The boards of American Realty Capital Healthcare Trust III Inc. and Healthcare Trust Inc., two publicly registered non-traded REITs sponsored by AR Global, have...

Cottonwood Multifamily REIT II Fully Subscribes Regulation A+ REIT Offering

Cottonwood Multifamily REIT II Inc., a Regulation A+ real estate investment trust, has fully subscribed its $50 million offering with no upfront fees. “We are...

Megatel Homes Expands Texas Townhome Development Project with 100-Lot Purchase

Megatel Homes, a Texas-based homebuilder that funds its developments through private placements offered by its subsidiary Megatel Capital Investment (MCI), has purchased 100 finished...

Cole Office & Industrial REIT Extends Offering Close Date

The board of Cole Office & Industrial REIT (CCIT III), a publicly registered non-traded real estate investment trust, has extended the close date of...