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Monthly Archives: November 2020

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Capital Square 1031 Buys Florida Manufactured Housing Community for DST Offering

Capital Square 1031, a sponsor of Delaware statutory trust offerings, has purchased Whispering Pines, a 301-homesite manufactured housing community in Kissimmee, a city in...

NorthStar Healthcare Income Names New Chairman

The board of NorthStar Healthcare Income Inc., a publicly registered, non-traded real estate investment trust, has named Richard Welch as chairman, effective immediately. Welch...

SEC Bars Adviser for Recommending Clients Invest $3 Million in Ponzi Scheme

The Securities and Exchange Commission has barred adviser Craig Rumbaugh for recommending that eight of his clients invest more than $3 million in a...

Guest Contributor: It’s Time to Be Planning for End of Year Tax Moves

By: Jack Hollander, Executive Vice President of APX EnergyIt’s that time of year when advisors are working with clients reviewing their investments, rebalancing their...

FS/KKR Advisor to Merge Two Publicly Traded BDCs in $15 Billion Deal

FS/KKR Advisor LLC (FS/KKR), a partnership between FS Investments and KKR Credit Advisors, has agreed to merge two of its publicly traded business development...

Griffin-American Healthcare REIT IV Provides 3Q20 Update to Investors

Griffin-American Healthcare REIT IV Inc., a publicly registered non-traded real estate investment trust co-sponsored by American Healthcare Investors and Griffin Capital Company, recently filed...

CI Financial to Buy Majority Stake in $4.7 Billion RIA

CI Financial Corp. (TSX: CIX; NYSE: CIXX), a dual-listed investment and wealth management company based in Canada, has agreed to purchase a majority interest...

Nuveen Global Cities REIT Declares Flat Net Asset Value Per Share

Nuveen Global Cities REIT Inc., a publicly registered non-traded real estate investment trust, has declared its net asset value per share as of October...

Black Creek Industrial REIT IV Declares Flat Monthly Net Asset Value 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...

FINRA Charges Former RBC Analyst with Submitting Phony Expenses

The Financial Industry Regulatory Authority has started disciplinary proceedings against former RBC Capital Markets analyst, Ji Jun Yang, who is accused of charging approximately...

LPL Recruits $1 Billion Team from Securities America

LPL Financial LLC, the nation’s largest independent broker-dealer, has added Verus Capital Partners, a large enterprise firm with approximately 30 financial advisors, to its...

Beacon Pointe Advisors Acquires CBD Wealth Management

Beacon Pointe Advisors, a registered investment adviser headquartered in Newport Beach, California, has purchased CBD Wealth Management, a wealth management firm with $690 million...

CIM Income NAV Declares Slightly Lower NAV Per Share for October

CIM Income NAV Inc., a publicly registered non-traded real estate investment trust formerly known as Cole Real Estate Income Strategy Inc., has declared a...

Sila Realty Trust Reports Third Quarter 2020 Results

Sila Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Carter Validus Mission Critical REIT II, announced operating results...

Bluerock Residential Growth REIT to Partially Redeem Series A Preferred Stock

Bluerock Residential Growth REIT Inc., a publicly-traded real estate investment trust, plans to redeem nearly 2 million shares of its 8.250% Series A Cumulative...

Former RBC Trio Launch New Practice with LPL Financial

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors George Chardukian, Adam Goldstein, and Maria Peralta have launched their independent practice,...

Watermark Lodging Trust Declares Post-Merger NAV Per Share

Watermark Lodging Trust, a self-managed non-traded real estate investment trust created by the April 2020 merger of Carey Watermark Investors 1 and Carey Watermark...

Alternative Investment Exchange Hires Director of Sales

Alternative Investment Exchange (AIX), a financial technology services provider focused on non-traded alternative investments, has hired Michelle Browning as director of sales. In her...

JLL Income Property Trust Completes Financing for Multifamily DST Property Near Phoenix

JLL Income Property Trust, a daily net asset value real estate investment trust, has completed financing for a recently developed 273-unit apartment community in...

Nuveen Global Cities REIT Expands Property Portfolio with Three Acquisitions

Nuveen Global Cities REIT Inc., a publicly registered non-traded real estate investment trust, has purchased an industrial property near Boston and two medical office...