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Monthly Archives: September 2020

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U.S. Energy Invests $8.5 Million in Permian Basin Development Project

U.S. Energy Development Corporation, an exploration and production firm and sponsor of direct oil and natural gas investments, has purchased an interest in a...

Blackstone REIT Posts Increased Net Asset Value Per Share in August 2020

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

ADISA Co-Sponsored Study Finds Real Estate Reliance on Section 1031 Exchanges

A study co-sponsored by the Alternative & Direct Investment Securities Association (ADISA), a trade association for the alternative and direct investment space, has found...

Starwood REIT Buys Light Industrial Property Near Nashville Airport for $62 Million

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

Former Members of Evolv Capital Launch Boutique Investment Banking Firm

Former members of Evolv Capital LLC have launched boutique investment banking firm Clir Capital LLC that will focus on non-accredited investment offerings.Clir (pronounced “clear”)...

Private Equity-Backed Wealth Enhancement Group Expands Leadership Team and Board

Wealth Enhancement Group, an independent wealth management firm backed by TA Associates that oversees $19.4 billion in client assets, has expanded its leadership team...

Non-Traded REIT Sales Remain Flat in August, Stanger Lowers 2020 Fundraising Forecast

Sales of non-traded real estate investment trusts posted another flat month with $467 million raised in August 2020, down 66 percent from nearly $1.4...

Four Springs Capital Trust Hires Industry Veteran as SVP of Capital Markets

Four Springs Capital Trust, a private real estate investment trust, has hired James Kammert as senior vice president of capital markets.In his new role,...

Black Creek Industrial REIT IV Increases Monthly NAV Per Share

Black Creek Industrial REIT IV Inc., a publicly registered non-traded real estate investment trust, has updated the monthly per share net asset values for...

ADISA Now Accepting Board Nominations

The nomination committee for the Alternative & Direct Investment Securities Association (ADISA) is seeking nominations for five open board of director seats.An ADISA member...

Hines Global REIT Liquidating Trust Declares Special Distribution

HGR Liquidating Trust, the liquidating trust of non-traded real estate investment trust Hines Global REIT Inc., has declared a special distribution of $2.45 per...

Capital Square 1031 Fully Subscribes DST Offering of Virginia Multifamily Property

Capital Square 1031, a sponsor of Delaware statutory trust offerings, has fully subscribed CS1031 2000 West Creek Apartments DST, a Regulation D private placement...

Guest Contributor: Securities, Retirement and Tax Policy Update – The 2020 Changes Driving Industry...

By: Anya Coverman, Senior Vice President of Government Affairs and General Counsel at the Institute for Portfolio AlternativesSince last year, the Securities and Exchange...

Shopoff Hires Director of Construction

Shopoff Realty Investments, a private placement sponsor and manager of opportunistic and value-add real estate investments, has hired Torry Lozano as director of construction,...

Resource Real Estate Discloses Shareholder Consideration for REIT Mergers

Resource Real Estate, a sponsor of non-traded real estate investment trusts, has disclosed the shareholder consideration for the proposed mergers of its three REITs,...

FS Credit REIT Increases NAV Per Share for August 2020, Increases Distributions to Shareholders

FS Credit Real Estate Income Trust Inc., a monthly NAV REIT sponsored by FS Investments, has increased its net asset value per share and...

Prospect Flexible Income Fund Increases Monthly Cash Distributions and NAV Per Share

Prospect Flexible Income Fund Inc., a non-traded business development company formerly known as TP Flexible Income Fund Inc., has increased its quarterly net asset...

SEC Charges Rapper T.I., Film Producer and Others for Promoting Fraudulent ICOs

The Securities and Exchange Commission has charged five Atlanta-based individuals, including film producer Ryan Felton, rapper and actor Clifford Harris, Jr., known as T.I....

Capital Square Hires First Vice President of Southeast Sales and Internal Wholesaler

Capital Square, an investment sponsor specializing in tax-advantaged real estate offerings, has hired Timothy Cronic as first vice president of Southeast sales, as well...

ExchangeRight Fully Subscribes Another DST Offering

ExchangeRight, a sponsor of securitized 1031 exchange real estate offerings, has fully subscribed its Net-Leased Portfolio 35 DST, a Delaware statutory offering that invests...