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Monthly Archives: April 2020

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...