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Monthly Archives: February 2019

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...