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Monthly Archives: September 2020

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SEC Charges Former LPL Adviser with Stealing $330,000 from Retired Client

The Securities and Exchange Commission has filed an emergency action charging investment adviser Matthew O. Clason with stealing $330,000 from a retired 73-year-old client...

Strategic Capital Fund Management Hires Chief Financial Officer

Strategic Capital Fund Management, an alternative investment product sponsor focused on data center and wireless telecom infrastructure, has expanded its executive leadership team with...

HC Government Realty Trust Raises $90 Million of Preferred Equity

HC Government Realty Trust Inc., a Regulation A real estate investment trust that invests in federally leased properties, has raised $90 million of preferred...

Private Equity-Backed Wealth Enhancement Group Buys $446 Million Hybrid RIA

Wealth Enhancement Group, an independent wealth management firm backed by TA Associates that oversees $19.4 billion in client assets, has purchased CJM Wealth Management,...

Steadfast Apartment REIT Internalizes Management

Steadfast Apartment REIT Inc., a publicly registered non-traded real estate investment trust, has transitioned to a self-managed company by purchasing all assets necessary for...

W.P. Carey-Sponsored REIT Increases Quarterly Net Asset Value Per Share

Corporate Property Associates 18 – Global Inc., a publicly registered non-traded real estate investment trust managed by W.P. Carey Inc. (NYSE: WPC), has updated...

MacKenzie to Deregister as a BDC to Shift Investment Focus

The board of MacKenzie Realty Capital Inc., a non-traded business development company that is taxed as a real estate investment trust, has unanimously approved...

Go Store It Buys Vacant Sam’s Club in South Carolina OZ for Self-Storage Conversion

Go Store It, an alternative investment sponsor that focuses on self-storage properties, has purchased an 80,000-square-foot former Sam’s Club property located in a Hilton...

Four CIM REITs Plan to Merge to Create $5.9 Billion REIT

CIM Real Estate Finance Trust Inc. (CMFT), Cole Office & Industrial REIT Inc. (CCIT II), Cole Office & Industrial REIT Inc. (CCIT III), and...

Capital Square Expands Executive Team with Two New Hires

Capital Square, a national investment sponsor specializing in tax-advantaged real estate offerings, has hired Austin Griffin as chief financial officer and Colleen Nichols as...

Hines Global Income Trust Buys California Industrial R&D Campus for $107 Million

Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has purchased the Advanced Manufacturing Portfolio, a 417,000-square-foot industrial and manufacturing...

Rockspring Hires National Director of Sales

Rockspring, a real estate investment firm and Regulation D fund sponsor formally known as Rockspring Capital, has hired Jose Lopez as national director of...