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...
Red Oak Launches Another Regulation A+ Real Estate Bond Offering
Red Oak Capital Fund V, a $50 million Regulation A+ Tier II bond offering sponsored by Red Oak Capital Group, has been qualified by...
SEC Charges Adviser with Fraud for Stealing More Than $2.2 Million from Retail Investors
The Securities and Exchange Commission has charged California-based investment adviser Mark J. Boucher and his company Strategic Wealth Advisor Group Services Inc. with misappropriating...
Shopoff JV Signs Management Agreement for Los Angeles Sports Entertainment Development
Plenitude Holdings LLC, a real estate investment partnership between Blanchard Entities and Shopoff Realty Investments affiliated entities, has signed an agreement with Sports Facilities...
White House Report Reveals Opportunity Zones Attracted $75 Billion in Private Capital
A White House report released this week estimates that qualified opportunity funds have raised $75 billion in private capital through the end of 2019.
The...
Hightower Invests in $1.3 Billion Stearns Financial Group
Hightower, a registered investment advisor backed by private equity firm Thomas H. Lee Partners, has secured an investment in Stearns Financial Group, a $1.3...
LPL Financial Recruits $375 Million Firm from Wells Fargo
LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisors Allen Lorenzi, Ira Shapiro and Michael Walker who have teamed up to...
Citymark Capital’s Second Reg D Fund Raises $150 Million
Citymark Capital U.S. Apartment Fund II, a Regulation D offering sponsored by real estate investment firm and fund manager Citymark Capital, has closed to...
SEC Charges Former Brokers with Illegally Selling Securities in Multi-Million Dollar Fraud
The Securities and Exchange Commission has charged two former registered representatives, Minish "Joe" Hede and Kevin Graetz, for acting as unregistered brokers in the...
SmartStop Self Storage REIT Partially Reinstates Share Redemption Program
The board of SmartStop Self Storage REIT Inc., a publicly registered non-traded real estate investment trust formerly known as Strategic Storage Trust II Inc.,...
Hines Founder and Chairman Passes at Age 95
Gerald D. Hines, founder and chairman of Hines real estate firm, passed away peacefully at home on August 23, 2020. Hines was born in...
