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Monthly Archives: October 2019

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Ladenburg Thalmann Purportedly Up for Sale

Ladenburg Thalmann Financial Services (NYSE: LTS), a publicly traded financial services firm, is reportedly eyeing a potential sale, according to industry reports, citing anonymous...

Griffin-American Healthcare REITs Complete $100 Million in Third Quarter Acquisitions

American Healthcare Investors, the co-sponsor of Griffin-American Healthcare REIT III Inc. and Griffin-American Healthcare REIT IV Inc., has completed the acquisition of five medical...

FS/KKR Announces Senior Leadership Changes

FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit that serves as the investment adviser to business development companies with approximately $17...

Inland Private Sells Tenant-In-Common Multifamily Property

Inland Private Capital Corporation, an alternative investment management firm and a sponsor of 1031 tax deferred exchanges, has sold Amberwood at Lochmere located in...

Industry Analysts Report Non-Traded REIT and DST Sales Accelerating Rapidly

Optimism among the more than 1,000 attendees at the recently concluded Alternative & Direct Investment Securities Association Annual Conference in Las Vegas was pervasive,...

Capital Square 1031 Launches DST Offering of New Multifamily Community in Richmond

Capital Square 1031, a sponsor of Delaware statutory trust offerings, has launched CS1031 2000 West Creek Apartments DST. The Regulation D private placement is...

SEC Obtains Final Judgments Against Gold Mining Pyramid Scheme Orchestrator and Promoters

The SEC has obtained final judgments against the orchestrator and four promoters of a pyramid and Ponzi scheme involving two purported gold mining companies.In...

Phillips Edison Names Senior Vice President of Customer Experience

Phillips Edison & Company Inc., an internally managed non-traded real estate investment trust, has promoted Dawn Stamper to senior vice president of customer experience....

LPL Financial Recruits Former Woodbury Financial Duo

LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisors Don Petricic and Tom Phillips to its broker-dealer and corporate registered investment...

KBS REIT II Plans to Sell 6-Property Office Park for $320 Million

KBS Real Estate Investment Trust II Inc., a publicly registered non-traded real estate investment trust, has agreed to sell a Class A office park,...

FINRA Begins Disciplinary Proceedings Against Broker Accused of Stealing Client Funds

The Financial Industry Regulatory Authority has started disciplinary proceedings against Erik Patrick Pica, who is currently registered through Joseph Stone Capital, for allegedly stealing...

Everest Launches Another Tender Offer for Industrial Property Trust Shares

Everest REIT Investors I LLC, a private real estate investment firm, has launched a second tender offer shares of Black Creek Group’s Industrial Property...

Virtua Buys 1031 Exchange Investment Property Near Atlanta

Virtua Capital Management, the capital formation arm of private equity real estate investment manager Virtua Partners, has purchased a 1031 exchange-eligible multi-tenant office building...

AR Global’s New York City REIT Declares NAV Per Share

The independent directors of New York City REIT Inc., a publicly registered non-traded REIT sponsored by AR Global, approved an estimated net asset value...

FINRA Fines and Suspends Former Merrill Lynch Broker for Cheating on Continuing Ed Modules

The Financial Industry Regulatory Authority has fined and suspended Merrill Lynch, Pierce, Fenner & Smith broker, Bruce K. Lee, for allegedly cheating on his...

Resource Apartment REIT III to Close Primary Offering

Resource Apartment REIT III Inc. a publicly registered non-traded real estate investment trust, will close its primary public offering on October 31, 2019. The...

Guest Contributor: The Forest and Trees of Senior Housing Investing

Every investment is impacted by factors at both the macro- and micro-levels. In commercial real estate, for instance, national issues like a downturn in...

SEC Charges California Contractor and CPA for Roles in $909 Million Ponzi Scheme

The Securities and Exchange Commission today has charged two California individuals for their roles in a multi-year alternative energy tax credit Ponzi scheme run...

Schwab Advisor Services Launches Alternative Investment Platform

Schwab Advisor Services has launched the Schwab Alternative Investment Marketplace platform, which gives the company’s independent advisor clients access to third-party platform sponsors that...

KMS Financial Recruits Practice with $230 Million in Client Assets

KMS Financial Services Inc., a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has recruited Patrick Funke & Associates, an investment...