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Monthly Archives: August 2019

The Parking REIT Withdraws Pending $100 Million IPO

The Parking REIT Inc., a publicly registered non-traded real estate investment trust formed by the December 2017 merger of MVP REIT and MVP REIT...

SEC Charges Cetera Advisors with Defrauding Retail Advisory Clients

The Securities and Exchange Commission has charged Cetera Advisors LLC, a registered investment adviser and broker-dealer based in Denver, Colorado, with breaching its fiduciary...

Capital Square Buys Land for Opportunity Zone Multifamily Development in Richmond, Virginia

Capital Square, a sponsor of tax-advantaged real estate investments, has purchased a parcel of land in Richmond, Virginia’s Scott’s Addition opportunity zone to develop...

NB Private Capital Hires Senior Vice President of Asset Management

NB Private Capital LLC, a real estate investment firm and sponsor of private placement offerings, has hired James Hogen as senior vice president of...

W.P. Carey-Sponsored REIT Increases Quarterly Net Asset Value Per Share

Corporate Property Associates 18 – Global Inc., a publicly registered non-traded real estate investment trust managed by W. P. Carey Inc. (NYSE: WPC), has...

SmartStop Self Storage REIT Suspends Share Redemption Program

The board of SmartStop Self Storage REIT Inc., a publicly registered non-traded real estate investment trust formerly known as Strategic Storage Trust II, has...

Massachusetts Fines Wells Fargo $450,000 over Unregistered Agents and Supervisors

The Massachusetts Securities Division has fined Wells Fargo $450,000 for failing to ensure that its agents and supervisors were appropriately registered in Massachusetts. Wells Fargo...

iCapital Network Appoints Four Senior Executives

​​iCapital Network, an online platform that provides access to alternative investments, has added four senior executives including Michael Kushner as chief financial officer, Jennifer...

President Trump Officially Nominates Eugene Scalia to Head Department of Labor

President Donald Trump announced his intent on Tuesday to nominate Eugene Scalia as the Secretary of Labor, replacing Alexander Acosta who resigned in mid-July...

SEC Obtains Emergency Asset Freeze and Charges Adviser with $100 Million Fraud

The Securities and Exchange Commission has charged Brenda Smith, a Pennsylvania investment adviser, with operating a $105 million fraud. The SEC also obtained an...