LPL Financial Adds Three Former Ameriprise Financial Advisors to Platform
LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisors Michael Bonevento, James Costabile and Craig Laday to its broker-dealer and corporate...
Nelson Partners Buys $100 Million Student Housing Property Near the University of Texas, Austin
Nelson Partners Student Housing, an investment firm that specializes in Delaware statutory trust offerings, has purchased Skyloft, a newly constructed student housing property located...
Comstock Mining to Sell Non-Mining Assets to OZ Fund, Announces Comstock OZ Fund Plans
Comstock Mining Inc. (NYSE: LODE), a Nevada-based, gold and silver mining company, has agreed to sell the company’s non-mining assets in Silver Springs, Nevada...
SEC Halts Alleged Alternative Investment Scheme Targeting Retail Investors
The Securities and Exchange Commission announced fraud charges and an asset freeze against the operators of a South Florida-based investment fund, one of whom...
KBS REIT II Urges Shareholders to Reject CMG Tender Offer
KBS Real Estate Investment Trust II, a publicly registered non-traded real estate investment trust, is urging its stockholders not to sell their shares in...
Cetera Advisor Networks Adds $2.5 Billion OSJ
Cetera Financial Group, a network of independent broker-dealer firms, announced that North Ridge Wealth Planning, a full-service wealth management firm based in Melville, New...
CNB Custody to Offer Alts in Non-Qualified Accounts
CNB Custody, a division of Community National Bank, is now able to custody alternative assets in non-qualified accounts.
“The current market is showing a strong...
Private Equity Firm to Purchase Majority Stake in Kestra Financial
Global private equity firm Warburg Pincus LLC has agreed to purchase a majority interest in independent broker-dealer Kestra Financial Inc. from its current owner...
Pacific Oak Capital Markets Appoints Manager of Product and Due Diligence
Pacific Oak Capital Markets Group LLC, the affiliated distributor of investment offerings sponsored by Pacific Oak Capital Advisors, has appointed industry veteran Mark Koshan...
NexPoint Outlines Plan to Nominate New Directors if Medley Capital Merger Not Approved
NexPoint Advisors L.P. is planning to nominate two independent directors at the Medley Capital Corporation not-yet-scheduled annual stockholder meeting if the proposed merger with...
Massachusetts Charges Former Commonwealth Adviser with Allegedly Stealing from Retiree
The Massachusetts Securities Division has charged a former investment adviser who allegedly withdrew nearly $100,000 from a client’s accounts over a 13-year period.
Bruce Colin...
Industrial Property Trust Reportedly Exploring Strategic Options
Industrial Property Trust Inc., a publicly registered non-traded real estate investment trust sponsored by Black Creek Group LLC, is reportedly exploring strategic options, including...
SC Distributors Hires Former Ascendant Capital Exec as National Sales Manager
SC Distributors LLC, a wholesale distributor of alternative investment offerings, has hired Pisoot Senethavilay as national sales manager. In his new role, Senethavilay will...
RK Properties Fully Subscribes Latest DST Offering
RK Properties, a sponsor of alternative private placements and Delaware statutory trust offerings, has fully subscribed its latest 1031 exchange program, RK One White...
Business Development Corporation of America Buys Siena Capital Finance
Business Development Corporation of America, a non-traded business development company affiliated with Benefit Street Partners, has purchased a controlling interest in Siena Capital Finance,...
Conservation Easement Sponsor Ecovest Responds to DOJ Lawsuit, Intends to Fight Charges
EcoVest, a sponsor of real estate investment programs focused on conservation easements, intends to fight the charges of fraud and other misconduct levied against...
Guest Contributor: Is Opportunity Zone Investing Primarily a Real Property Investment Program? – Not...
By: Carson B. Reihsen, Director of Legal Affairs, Coasis Coalition Companies PB LLC
The ability to invest in businesses located in opportunity zones is a...
Resource Apartment REIT III Buys Texas Multifamily Property for Nearly $26 Million
Resource Apartment REIT III Inc., a publicly registered non-traded real estate investment trust, has purchased Wimbledon Oaks, an apartment community located in Arlington, Texas,...
Four Springs Capital Trust Expands Line of Credit
Four Springs Capital Trust, a private, internally managed real estate investment trust, has expanded its current three-year revolving credit facility from $75 million to...
Massachusetts Fines United Planners and its Former Broker Over Alleged $1 Million Fraud
The Massachusetts Securities Division has fined United Planners Financial Services and one of its former brokers, Thomas T. Riquier, who allegedly orchestrated a complex...
