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Monthly Archives: December 2019

SEC Charges Recidivist Investment Adviser with Defrauding Retirees

The Securities and Exchange Commission has charged Sacramento, California-based investment adviser firm Springer Investment Management Inc., doing business as Springer Financial Advisors (SFA), and...

Carter Validus Mission Critical REIT II Lowers Net Asset Value

The board of Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, approved an estimated net asset value...

Nelson Partners Takes Student Housing DST Full Cycle

Nelson Partners Student Housing, a sponsor of 1031 tax deferred exchanges, has sold Auraria Student Lofts located in downtown Denver, Colorado for an undisclosed...

LPL Recruits Former Advisor Group Team

LPL Financial LLC, the nation’s largest independent broker-dealer, has added seven financial advisors with CPC Financial Planning to its broker-dealer and corporate registered investment...

SEC Proposes to Expand Accredited Investor Definition

The Securities and Exchange Commission proposed amendments on Wednesday to expand the definition of accredited investor, one of the principal tests for who is...

FS/KKR Closes $9.5 Billion Merger Creating Second Largest BDC

FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit Advisors LLC, has closed the mergers of four non-traded business development companies: FS...

Manhattan Investment Adviser Charged in $1.5 Million Client Theft

The United States Attorney for the Southern District of New York has unsealed an indictment charging Donald LaGuardia with securities fraud, wire fraud, and...

Triton Pacific Affiliate Buys 117 Pizza Hut Restaurants

An affiliate of Triton Pacific, a Los Angeles-based private equity firm, has purchased 117 Pizza Hut restaurants, along with select real estate assets, for...

FS Investments to Buy $1.8 Billion Investment Boutique

FS Investments, an alternative investment manager with more than $24 billion in assets under management, has agreed to purchase Chiron Investment Management, a global...

First Capital REIT Chairman and CEO Resigns Following SEC Charges

Suneet Singal, chairman and chief executive officer of First Capital Real Estate Trust Inc., has resigned from his positions at the firm at its...