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Monthly Archives: January 2019

Starwood Hires Former MetLife Exec to Lead New Opportunity Zone Investment Business

Starwood Capital Group, a private investment firm and sponsor of non-traded direct investment programs, has hired Anthony Balestrieri as a senior vice president to...

FS Investments Interval Fund Announces Leadership Changes

FS Energy Total Return Fund, an interval fund sponsored by FS Investments with a fundraising goal of $2 billion, disclosed that Zachary Klehr has...

LPL Financial Adds Former Summit Brokerage Firm to Platform

LPL Financial LLC, the nation’s largest independent broker-dealer, has added Patriot Wealth Management to its broker-dealer and corporate registered investment advisor platforms. Patriot joins...

IRS Reschedules Public Hearing on Opportunity Zones

The Internal Revenue Service has rescheduled its public hearing on investing in qualified opportunity zone funds after the previous meeting to be held on...

Sound West Launches Mixed-Use Opportunity Zone Development Near Seattle

Sound West Group, a Seattle-area developer and asset manager, has launched their opportunity zone project development called Marina Square, a mixed-use waterfront development in...

Scaramucci’s SkyBridge Capital Names New Sub-Advisor for $3 Billion Opportunity Zone Fund

SkyBridge Capital, an alternative investment firm co-founded by Anthony Scaramucci, has reportedly chosen Westport Capital Partners as the new sub-advisor to its $3 billion...

Inland Residential Pays Initial Liquidating Distribution

Inland Residential Properties Trust Inc., a publicly registered non-traded real estate investment trust, has paid shareholders an initial liquidating distribution of approximately $4.53 per...

SEC Charges Atlanta Investment Adviser with Defrauding a Private Fund and Its Investors

The Securities and Exchange Commission has charged an Atlanta investment adviser and an entity he controls with defrauding a private fund they managed and...

Federal Court Orders $1 Billion Judgment Against Operators of Woodbridge Ponzi Scheme Targeting Retail...

A federal court in Florida yesterday ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement...

Griffin Essential Asset REIT Urges Shareholders to Reject Tender Offer

MacKenzie Realty Capital Inc., a non-traded business development company, has launched a tender offer to purchase up to 1 million shares of common stock...