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Monthly Archives: April 2020

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LPL Financial to Buy Lucia Securities

LPL Financial LLC, the nation’s largest independent broker-dealer, has agreed to purchase Lucia Securities, a broker-dealer and registered investment advisor firm headquartered in San...

FINRA Fines Kestra for Violating Customer Privacy

The Financial Industry Regulatory Authority has censured and fined Kestra Investment Services $125,000 for purportedly helping certain recruited brokers take nonpublic personal customer information...

EJF Capital JV Buys Multifamily Development in Jacksonville Opportunity Zone

EJF OpZone Fund I LP, a qualified opportunity zone fund sponsored by alternative investment manager EJF Capital LLC, and Chance Partners LLC have purchased...

Carter Validus Mission Critical REIT II Urges Shareholders to Reject MacKenzie Tender Offer

Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, is urging investors to reject an unsolicited tender offer...

Cetera “Temporarily” Halts Sales of Non-Traded NAV REITs and Interval Funds

Cetera Financial Group, a network of independent broker-dealer firms, has halted sales of certain real estate based alternative investment products, including net asset value...

ExchangeRight Fully Subscribes $119 Million Net-Leased DST Offering

ExchangeRight has fully subscribed its $119 million Delaware statutory trust offering, Net-Leased Portfolio 32 DST, in two months after its February launch, which the...

Capital Square 1031 Launches $26 Million DST Offering

Capital Square 1031, a sponsor of Delaware statutory trust offerings, has launched a Regulation D private placement offering, CS1031 Abbington Place Apartments DST, comprised...

Docupace Sells Majority Stake to Private Equity Firm, Appoints New CEO

Docupace, a cloud-based digital operations software for wealth management firms, has secured a majority equity investment from FTV Capital, a sector-focused equity investment firm.Docupace...

Megatel Homes Launches Homeownership Program for COVID-19 First Responders

Megatel Homes, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI),...

Capital Square Hires Regional Vice President of Northeast Sales

Capital Square, an investment sponsor specializing in tax-advantaged real estate offerings, has expanded its sales team with the addition of Marc Meunier as regional...

Business Development Corporation of America Changes Dividend Payment Frequency

Business Development Corporation of America, a non-traded business development company affiliated with Benefit Street Partners, has changed the timing of its dividend payments to...

Benefit Street Partners Realty Trust Changes Timing of Dividend Payments

Benefit Street Partners Realty Trust Inc., a publicly registered non-traded real estate investment trust, has changed the timing of its dividend payments to holders...

Former Wells Fargo Team Joins LPL with $300 Million in Client Assets

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Mike Ashworth, Steve Collie, and Katheryn Gordon have launched Ashworth Financial Group....

Non-Traded NAV REITs Outperform Traded REITs as COVID-19 Impacts Real Estate Values

According to investment bank Robert A. Stanger & Company, the COVID-19 pandemic is taking its toll on real estate securities, with extreme volatility walloping...

WealthForge Hires Director of Managing Broker-Dealer Services

WealthForge, a financial technology company that helps automate investments into alternative securities, has hired Michael Roman as director of managing broker-dealer services.In his new...

SmartStop Self Storage REIT Lowers NAV Per Share

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

Resource Opportunity REIT Recommends Shareholders Reject Comrit Tender Offer

Resource Real Estate Opportunity REIT Inc., a publicly registered non-traded real estate investment trust, has recommended that its shareholders reject an unsolicited tender offer...

Sponsored: An Alternative to Alternatives – Private Equity

Private Equity has garnered increased attention and momentum over the past decade; and while there are substantial risks, it brings with it the possibility...

Strategic Storage Trust IV Suspends Primary Offering, Cites COVID-Related Uncertainty

Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc., has...

Timbrel Capital Adds Four Wholesalers to Distribution Team

Timbrel Capital, a firm that provides consultative, distribution, and managing broker-dealer services to alternative investment product sponsors, has added four wholesalers to its distribution...