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Monthly Archives: March 2020

Strategic Storage Growth Trust II Buys Self-Storage Facility Near Miami

Strategic Storage Growth Trust II Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc., has purchased...

LPL Adds Three-Advisor Team with $100 Million in Client Assets

LPL Financial LLC, the nation’s largest independent broker-dealer, has added three financial advisors, Shawn Walton, Debbie Hawksworth and Richard Coloni, to its broker-dealer and...

Starwood REIT JV Buys Boston Office Tower for $614 Million

Starwood Real Estate Income Trust Inc., a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, has purchased 60 State Street,...

Capital Square Fully Subscribes Project-Specific Opportunity Zone Fund

Capital Square Realty Advisors LLC, a sponsor of tax-advantaged real estate investments, has fully subscribed its project-specific opportunity zone fund, CSRA Opportunity Zone Fund...

CNL Healthcare Properties II to Pay Final Liquidating Distribution

The board of CNL Healthcare Properties II Inc., a publicly registered non-traded real estate investment trust, has approved a final liquidating distribution of $9.32...

Industry Groups Ask Treasury and IRS to Delay 1031 Exchange Deadlines

In response to the coronavirus (COVID-19) pandemic, a group of real estate associations, including the Alternative & Direct Investment Securities Association (ADISA) and the...

Appellate Court Upholds Securities Fraud Conviction of ARCP’s Brian Block

Last Thursday, the Second Circuit Court of Appeals upheld the conviction of Brian Block, long-time partner of AR Global’s Nicholas Schorsch and former chief...

Blackstone REIT Lowers Monthly NAV Per Share

Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), updated the monthly net...

Hines Global REIT Holds Off on Declaring New NAV Per Share Due to Coronavirus

The board of Hines Global REIT Inc., a publicly registered non-traded real estate investment trust, will not determine a new net asset value per...

FINRA Fines Former Merrill Lynch Broker for Covering Clients’ Losses

The Financial Industry Regulatory Authority has fined and suspended former Merrill Lynch broker, Sofia Gonzalez, for reimbursing two clients a total of $1,234 for...