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Monthly Archives: December 2018

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Starwood’s $5 Billion REIT Breaks Escrow

Starwood Real Estate Income Trust, Inc., a publicly registered non-traded REIT sponsored by global real estate investment manager Starwood Capital Group, has broken escrow...

SEC Charges Two Robo-Advisers with Making False Statements

The Securities and Exchange Commission has instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The...

Everest Completes Tender Offer for W.P. Carey REIT Shares

Everest REIT Investors I LLC, a private real estate investment firm, has completed its unsolicited tender offer for shares of Corporate Property Associates 18...

Inland Residential Sells Illinois Multifamily Property for $24.6 Million

Inland Residential Properties Trust Inc., a publicly registered non-traded real estate investment trust, has completed the sale of “The Commons at Town Center,” an...

Stira Alcentra Global Credit Fund and Priority Income Fund Agree to Merge

Stira Alcentra Global Credit Fund (SAGC), a closed-end fund formerly known as Steadfast Alcentra Global Credit Fund, has agreed to merge with Priority Income...

Blackstone REIT Updates NAV Per Share

Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), updated its aggregate monthly...

Massachusetts Regulator Fines Former Stifel Nicolaus Adviser for Overcharging Clients

The Massachusetts Securities Division has charged a Cape Cod investment adviser with operating a scheme which overcharged his clients and diverted commissions and fees...

Guest Contributor: Senior Housing in 2019 – Still a Trustworthy Investment

For more than a decade, senior housing has seen unprecedented growth, fueled by the Silver Tsunami. It’s become such an investment darling that some...

Inland Residential Shareholders Approve Plan of Liquidation

Shareholders of Inland Residential Properties Trust Inc., a publicly registered non-traded real estate investment trust, have approved the company’s plan of liquidation, which includes...

Royal Bank of Canada Affiliate Launches New Closed-End Interval Fund

City National Rochdale, a direct subsidiary of City National Bank – an affiliate of the Royal Bank of Canada, has launched the City National...

JLL Income Property Trust Expands and Extends Credit Facility

JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), has closed on the expansion and extension of a...

Guest Contributor: Tax Cuts and Jobs Act – Lost Tax Deductions & New Financial...

Changes to the U.S. tax code for 2018 are the most comprehensive in over 30 years, and while many high-net-worth individuals may be surprised...

Two Griffin Non-Traded REITs to Merge

Griffin Capital Essential Asset REIT Inc. and Griffin Capital Essential Asset REIT II Inc., two non-traded real estate investment trusts, have entered into a...

Howard Capital Names Former Bluerock Exec as Managing Director of National Accounts

Howard Capital Management Inc. (HCM), an SEC-registered investment advisory firm with more than $1.5 billion in assets under management, has appointed Carla Martin as...

FS/KKR Closes Merger of FS Investment Corporation and Corporate Capital Trust

FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit Advisors (US) LLC, has closed its merger of FS Investment Corporation (NYSE: FSIC)...

LPL Financial Adds $640 Million Stofan Agazzi Investments

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

SEC Charges 13 Unregistered Brokers for Selling Woodbridge Securities to Retail Investors

The Securities and Exchange Commission has charged an additional 13 individuals and 10 companies for unlawfully selling securities of Woodbridge Group of Companies LLC...

$750 Million Cottonwood REIT Breaks Escrow

Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust sponsored by Cottonwood Residential, has reached the minimum offering of $2 million and...

ExchangeRight Fully Subscribes $93.2 Million DST Offering, Increases AUM to $1.7 Billion

ExchangeRight Real Estate LLC, a sponsor of 1031 exchange investments, has fully subscribed Net Leased Portfolio 23 DST, a Reg D Delaware statutory trust...

U.S. Energy Fund Sells Permian Basin Acreage to Devon Energy

Strategic Energy Income Fund V LP, a private placement acquisition fund sponsored by U.S. Energy Development Corporation, has sold a 17 percent portion of...