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Monthly Archives: December 2020

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The DI Wire’s Top 10 Stories of 2020

As this unusually tumultuous year comes to an end, The DI Wire has compiled a list of our Top 10 most-read news stories of...

FINRA Fines and Suspends Former Broker for Falsifying and Forging Business Document

The Financial Industry Regulatory Authority has fined and suspended Jaime Sanchez Rivera, a former broker at First Southern Securities LLC and its affiliate First...

The Parking REIT Provides Share Valuation Update

The board of The Parking REIT Inc., a publicly registered non-traded real estate investment trust formed by the December 2017 merger of MVP REIT...

Shopoff Sells Southern California Retail Center

Shopoff Realty Investments, a manager of opportunistic and value-add real estate investments, has sold the Los Alisos Village shopping center in the Orange County...

Transamerica to Pay $8.8 Million to Settle FINRA Charges

The Financial Industry Regulatory Authority has ordered Transamerica Financial Advisors Inc. to pay a $4.4 million fine, plus nearly $4.4 million in restitution after...

New York City REIT Launches Defensive Tender Offer to Deter MacKenzie

New York City REIT Inc. (NYSE: NYC) has launched a defensive tender offer to purchase 65,000 shares of its Class B common stock for...

Sponsored: FS Investments’ Commercial Real Estate Predictions for 2021

Despite massive dislocations across parts of the markets in 2020, we enter 2021 backed by significant vaccine and economic enthusiasm. The commercial real estate...

JLL Income Property Trust Buys Dallas/Fort Worth Industrial Distribution Center

JLL Income Property Trust, a daily net asset value real estate investment trust, has purchased Fort Worth Distribution Center, a newly constructed, Class A...

Griffin-American Healthcare REIT III Releases NAV Per Share Valuation Deadline

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

MacKenzie Launches Tender Offer for Class B Shares of New York City REIT

MacKenzie Capital Management LP has launched an unsolicited tender offer to purchase up to 65,000 Class B shares of New York City REIT Inc....

KBS REIT II Sells San Jose Office Property, Authorizes Liquidating Distribution

KBS Real Estate Investment Trust II, a publicly registered non-traded REIT, has sold another office property at District 237, a Class A 415,500-square-foot office/research...

Strategic Data Center Buys Baltimore Data Center

Strategic Data Center Fund Manager LLC, the data center real estate division of alternative investment sponsor Strategic Capital Fund Management, has purchased a data...

Voya to Pay $23 Million to Settle SEC Charges

The Securities and Exchange Commission has ordered Voya Financial Advisors to pay nearly $23 million to settle charges that it breached its fiduciary duties...

The Beneficient Company Hires Two Managing Directors

The Beneficient Company Group L.P., a provider of trust and liquidity services to owners of alternative assets, has hired Maureen Downey and Casey Brunner...

Comrit Completes Tender Offer for Shares of Benefit Street Partners Realty Trust

Comrit Investments 1 LP, Tel Aviv-based investment fund, has completed its unsolicited tender offer for shares of Benefit Street Partners Realty Trust, a publicly...

LPL Financial Recruits Financial Advisor from J.P. Morgan Securities

LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisor Bryan Schneider to its broker-dealer and corporate RIA platforms, leveraging LPL as...

NorthStar Healthcare NAV Plummets

NorthStar Healthcare Income Inc., a publicly registered, non-traded real estate investment trust, has lowered its estimated net asset value to $3.89 per share, as...

CIM Real Estate Finance Trust Completes Mergers with Two Affiliated Non-Traded REITs

CIM Real Estate Finance Trust (CMFT), a publicly registered non-traded real estate investment trust, has completed the previously announced stock-for-stock merger transactions with two...

Cottonwood Communities Mulls Potential Merger, Suspends DRIP and SRP

Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust, has temporarily suspended its primary offering, share repurchase program, and distribution reinvestment plan,...

SEC Adopts Modernized Marketing Rule for RIAs

The Securities and Exchange Commission has finalized reforms under the Investment Advisers Act to modernize rules that govern investment adviser advertisements and payments to...