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...
GPB Capital Hires In-House Communications Executive
GPB Capital Holdings LLC, a New York-based alternative asset management firm, has hired Brian Weisenberger as managing director to lead the firm’s new in-house...
Lightyear-Backed Wealth Enhancement Group to Buy $500 Million Advisory Practice
Wealth Enhancement Group, an independent wealth management firm that oversees $9.6 billion in client assets, has signed a definitive agreement to purchase Summit Planning...
Dept. of Justice Targets Conservation Easement Sponsor
The Department of Justice filed a lawsuit in a Georgia federal court last month that seeks to shut down EcoVest, a sponsor of real...
Waypoint to Develop Class A Multifamily Property in Indiana Opportunity Zone
Waypoint Residential LLC, a vertically integrated real estate investment management firm and sponsor of private placement offerings, plans to develop The Walcott Jeffersonville, a...
Sponsored: Capital Square 1031 Completes Record Sales Year with Over $250 Million in Real...
Leading sponsor of Delaware statutory trusts launched 10 offerings in 2018 and fully subscribed seven DSTs with 302 investors during the year.
Capital Square 1031,...
Former Morgan Stanley Team Launches Independent RIA in New York
A team that oversaw $650 million in client assets at Morgan Stanley, has launched Opal Wealth Advisors, an independent registered investment advisor based in...
Benefit Street Partners Realty Trust Originates $115.5 Million Loan
Benefit Street Partners Realty Trust Inc., a publicly registered non-traded real estate investment trust, provided a $115.5 million loan to the owner of a...
Former Steadfast Execs Launch 3G Capital Advisors
Christopher Hilbert and R. Kyle Winning, two commercial real estate investment and financial services industry veterans, have launched boutique advisory firm, 3G Capital Advisors...
CIM Launches Opportunity Zone Fund with $5 Billion Fundraising Goal
CIM Group, a commercial real estate firm that sponsors non-traded direct investment programs, has launched the CIM Opportunity Zone Fund L.P., a Regulation D...
Two SmartStop REITs Complete Merger
Strategic Storage Growth Trust Inc., a non-traded real estate investment trust sponsored by SmartStop Asset Management, has completed its recently approved merger with affiliated...
