Home 2019 June

Monthly Archives: June 2019

image_pdf

Principal Launches First Interval Fund

Principal Global Investors, an asset management firm with approximately $442.4 billion in client assets, has launched its first interval fund, the Principal Diversified Select...

Strategic Storage Trust II Increases Net Asset Value

The board of Strategic Storage Trust II Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management, has approved an...

SEC Charges President of Oil and Gas Company for Misusing Retail Investor Funds

The Securities and Exchange Commission has charged Mark A. Plummer for misappropriating investor funds raised through Texas E&P Partners, Inc., his oil and gas...

InvenTrust Appoints New Chief Financial Officer

InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust, has appointed Daniel J. (“DJ”) Busch to executive vice president, chief financial officer...

Vulcan Capital Seeds the Launch of TriLinc’s Private Debt Fund

Vulcan Capital, the multi-billion-dollar investment arm of Vulcan Inc., has again selected TriLinc Global Advisors LLC to seed the launch of its new TriLinc...

Purshe Kaplan Pays $9.5 Million to Settle Native American Tribe’s Unsuitable REIT Purchase

Purshe Kaplan Sterling Investments, a boutique broker-dealer and subsidiary of Wentworth Management Services LLC, has paid the Saginaw Chippawa Indian Tribe of Michigan $9.5...

Massachusetts Securities Division Fines LPL $1.1 Million over Unregistered Agents and Late Filings

The Massachusetts Securities Division has fined LPL Financial $1.1 million for failing to properly register agents in Massachusetts and timely file certain reportable events....

Hartman vREIT XXI Registers Follow-On Offering

Hartman vREIT XXI Inc., a publicly registered non-traded real estate investment trust, has registered a follow-on offering for up to $220 million of its...

GK Development Reg D Program Goes Full Cycle with 39% Total Return in Three...

GK Development Inc., a real estate investment firm and sponsor of Delaware statutory trusts and private placement offerings, announced that its program GK Secured...

GWG Hires Former SC Distributors National Accounts Exec as SVP of Business Development

GWG Holdings Inc. (Nasdaq: GWGH), a sponsor of non-traded life settlement investment programs, has hired Jenniffer Daigle to serve as its new senior vice...

Capital Square 1031 Full Cycle DST Results in Nearly 190% Total Return in Five...

Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust offerings, sold an approximately 18,000-square-foot medical office building in...

The Megatel Group Expands Platform to Offer 1031 DST Private Placements

The Megatel Group will begin offering Delaware statutory trust investment funds through their investment affiliate, Megatel Capital Investment (MCI), to investors seeking the tax...

Strategic Student & Senior Housing Trust to Offer Two New Share Classes Following Share...

Strategic Student & Senior Housing Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, has suspended the...

Starwood to Develop Multifamily Property in Austin Opportunity Zone

Starwood Capital Group, a global private investment firm focused on real estate and energy investments, plans to acquire and develop a 342-unit multifamily project...

SEC Halts Ongoing Fraud Targeting Vietnamese-American Community

The Securities and Exchange Commission has obtained an emergency court order freezing assets of a Santa Ana, California-based company and its founder, who allegedly...

Cottonwood Multifamily Opportunity Fund Fully Subscribes Regulation A+ REIT Offering

Cottonwood Multifamily Opportunity Fund, a Regulation A+ real estate investment trust primarily focused on multifamily construction and development projects, has fully subscribed its $50...

SEC Charges Founder of Bankrupt Advisory Firm with Fraud

The Securities and Exchange Commission has charged a founder and managing principal of a New York-based investment adviser for misappropriating approximately $2.6 million from...

Strategic Storage Trust IV Declares First Net Asset Value Per Share

The board of Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust, has approved an estimated per share net asset...

Guest Contributor: Fun 1031/DST Facts You Should Know

Did you know that a “security” does not qualify for tax deferral under Section 1031 of the Internal Revenue Code?Did you know that a...

Steadfast Apartment REIT Remains Neutral in Latest Unsolicited Tender Offer

CMG Partners LLC and its affiliates have launched an unsolicited tender offer for 115,000 shares of Steadfast Apartment REIT Inc., a publicly registered non-traded...