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Monthly Archives: August 2020

Blackstone REIT-Led Syndicate Makes $300 Million Investment in Tricon Residential

A syndicate of investors led by Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by an affiliate of private equity giant...

RK Properties Nabs Big Profit in Latest Multifamily Property Sale

RK Properties, a sponsor of alternative private placements and 1031 exchange offerings, has sold Northern Greens Apartments located in Gilbert, Arizona for $55.5 million...

Guggenheim Investments Hires Regional Vice President for Intermediary Distribution Division

Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, has hired Annmarie Woods to serve as regional vice president of...

Advisor Group’s Royal Alliance Recruits $120 Million Former Ameriprise Team

Royal Alliance Associates, an independent wealth management firm within the Advisor Group network, has recruited Financial Foundation Services, a New Jersey-based wealth management firm...

Guest Contributor: Key Questions to Ask Before Investing in Opportunity Zone Funds

Right now, the investment community is paying close attention to qualified opportunity zone funds, anticipating that they could be part of a longer-term investment...

Priority Income Fund Reinstates Quarterly Cash Bonus Distribution

The board of Priority Income Fund Inc., a non-traded closed-end fund, has reinstated the quarterly cash “bonus” distribution for September through November 2020, in...

Leitbox Hires Laurie Levassar as Capital Markets Director and SVP of National Accounts

Leitbox Storage Partners, a self-storage investment and development platform based in Birmingham, Alabama, has hired financial industry veteran Laurie Levassar as capital markets director...

ExchangeRight Fully Subscribes Latest DST Offering

ExchangeRight, a sponsor of securitized 1031 exchange real estate offerings, has fully subscribed its $18.7 million Net-Leased Portfolio 34 DST, the company’s latest all-equity...

Lasalle St. Recruits $625 Million Retirement Services Group

LaSalle St., a family of wealth management firms, has recruited Retirement Services Group, a Northbrook, Illinois-based practice specializing in profit sharing and 401(k) plans...

SEC Expands Definition of Accredited Investor

The Securities and Exchange Commission has expanded the definition of accredited investor, one of the principal tests for determining who is eligible to participate...