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Monthly Archives: November 2019

Memory Care Facility Opens at Property Owned by Strategic Student & Senior Housing Trust

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

HC Government Realty Trust Buys Three Federally Leased Properties from Rooker

HC Government Realty Trust, Inc., a Regulation A REIT that invests in federally leased properties, has purchased three office buildings located in Florida, Oklahoma,...

ExchangeRight Takes DST Offering Full Cycle with Total Returns of 136% to 146%

ExchangeRight, a private real estate firm and sponsor of securitized 1031 exchange offerings, has taken another Delaware statutory trust offering full cycle on behalf...

Cottonwood Communities Secures Preferred Equity Investment in Denver Multifamily Project

Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust, has entered into a joint venture agreement to provide a preferred equity investment...

SEC Bars Former LPL Broker for Running $5 Million Ponzi Scheme

The Securities and Exchange Commission has barred James T. Booth, 74, a former LPL Financial broker who operated a Ponzi scheme that defrauded roughly...

Phillips Edison Grocery Center REIT III Shareholders Approve Merger with Co-Sponsor

Shareholders of Phillips Edison Grocery Center REIT III Inc. (PECO III), a publicly registered non-traded real estate investment trust co-sponsored by Phillips Edison &...

Commonwealth Recruits $1 Billion Hybrid from Securian Financial

Commonwealth Financial Network, the nation’s largest private registered investment adviser and independent broker-dealer, has added Legacy Planning Partners to its platform. Formerly affiliated with...

Ponzi Scheme Perp Sentenced to 14 Years in $345 Million Fraud Case

One of the perpetrators of a Ponzi-like scheme that raised more than $345 million from more than 230 investors across the United States, Jay...

Extra Space Storage Makes Preferred Stock Investment in Smartstop Self Storage REIT

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

Starwood REIT Buys $180 Million Multifamily Property Near Washington DC

Starwood Real Estate Income Trust, Inc, a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, purchased The Thornton Apartments, a...
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