Home 2018 September

Monthly Archives: September 2018

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Inland Residential to Liquidate

The board of Inland Residential Properties Trust Inc., a publicly registered non-traded real estate investment trust, has approved a liquidity event for the company,...

SEC Charges Four Individuals in $11 Million Island Resort Fraud

The Securities and Exchange Commission has charged four individuals and their associated entities with allegedly conducting a long-running and complex fraud on investors in...

GPB Capital Adds to Waste Management Portfolio with Latest Acquisition

GPB Capital, a New York-based alternative asset management firm, announced that its GPB Waste Management platform has purchased a majority interest in Mud Masters...

Black Creek Industrial REIT IV to Buy $51 Million Industrial Property

Black Creek Industrial REIT IV Inc., a publicly registered non-traded real estate investment trust, has agreed to purchase the Executive Airport Distribution Center, a...

SEC Fines Voya Financial $1 Million for Cybersecurity Deficiencies

The Securities and Exchange Commission has fined Voya Financial Advisors Inc $1 million to settle charges related to its alleged failures in cybersecurity policies...

LPL Hires Former IBM Exec as EVP of Business Development

LPL Financial LLC, the nation’s largest independent broker-dealer, has hired former IBM executive Scott Posner as its executive vice president of business development. In...

Greenbacker Schedules Public Offering Closing Date

Greenbacker Renewable Energy Company LLC, a publicly registered non-traded limited liability company that invests in renewable energy assets, plans to terminate its $1.5 billion...

Shopoff Completes Bridge Loan for Palm Springs Hotel Redevelopment Project

Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, has completed a $750,000 short-term bridge loan for the predevelopment expenses...

Black Creek Group to Double Northern California Footprint

Black Creek Group, a Denver-based real estate investment manager and sponsor of non-traded alternative investment programs, has released details on eight industrial developments in...

Griffin REIT Reports Significant Lease Activity

Griffin Capital Essential Asset REIT Inc., a publicly registered non-traded real estate investment trust, has signed five lease transactions in 2018 totaling 606,250 square...

Tel Aviv-Based Investment Fund Launches Tender Offer for Shares of Benefit Street Partners Realty...

Comrit Investments 1 LP, Tel Aviv-based investment fund, has launched an unsolicited tender offer for up to 1.8 million shares of Benefit Street Partners...

SEC Charges Ex-Wells Fargo Advisor for Stealing $1 Million From Elderly Clients

The Securities and Exchange Commission has charged a former Wells Fargo Advisors Financial Network registered representative with defrauding his retail brokerage customers out of...

Black Creek Group Mourns Passing of Co-Founder John Blumberg

Black Creek Group, a real estate investment management firm and sponsor of non-traded direct investment programs, disclosed that its co-founder John Blumberg passed away...

Hospitality Investors Trust to Launch Share Repurchase Program at 35% Discount to NAV

The board of Hospitality Investors Trust Inc., a publicly registered non-traded REIT formerly known as American Realty Capital Hospitality Trust, has adopted a share...

LPL Financial Recruits Another Team from Cetera

LPL Financial LLC, the nation’s largest independent broker-dealer, has added The Financial Planning Department Inc. to its broker-dealer and corporate registered investment advisor platforms....

Megatel Homes Presells 46 Townhomes in Mixed-Use Dallas-Fort Worth Development

Megatel Homes, a Texas-based homebuilder that funds its developments through private placements offered by its capital markets division Megatel Capital Investment (MCI), has presold...

Blackstone REIT’s Portfolio Tops $12 Billion with Latest Portfolio Purchase

Blackstone Real Estate Income Trust Inc., a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), has purchased the...

Ladenburg Chairman Steps Down Amid SEC Allegations

Phillip Frost, chairman of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has stepped down from his role at the company following charges filed by...

Independent Director of The Parking REIT Resigns

The board of The Parking REIT Inc., a publicly registered non-traded real estate investment trust, disclosed that Erik Hart has resigned as an independent...

Resource Apartment REIT III Buys Florida Multifamily Complex

Resource Apartment REIT III Inc., a publicly registered non-traded real estate investment trust, has purchased The Park at Kensington, a multifamily community located in...