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Monthly Archives: February 2021

Wells Fargo to Sell Asset Management Arm to Two Private Equity Firms

Wells Fargo & Company (NYSE: WFC) has agreed to sell Wells Fargo Asset Management to private equity firms GTCR LLC and Reverence Capital Partners...

Red Oak Funds Bridge Loan for Las Vegas Office Complex

Red Oak Financial, a Michigan-based commercial real estate finance company, has funded an $8.4 million bridge loan for Centennial Office, a nearly 60,000-square-foot office...

CNL Healthcare Urges Shareholders to Reject Comrit Tender Offer

CNL Healthcare Properties Inc., a publicly registered non-traded real estate investment trust focused on senior housing, has recommended that shareholders reject the recent unsolicited...

Two AR Global REITs Appoint New CFO Following Resignation

Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, and American Finance Trust (Nasdaq: AFIN), a former non-traded...

SEC Obtains Judgment Against Former LPL Broker that Ran $5 Million Ponzi Scheme

The Securities and Exchange Commission has obtained a final judgement against James T. Booth, a former LPL Financial broker who operated a Ponzi scheme...

Hines Global Income Trust Buys Office R&D Property in Silicon Valley

Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has purchased 5301 Patrick Henry Drive, a single-tenant office, research and...

Aurora Securities Names President and Chief Compliance Officer

Aurora Securities Inc., an independent broker-dealer, has hired Lori Kamen to serve as its president and chief compliance officer. She will also serve as...

1031 Exchange Programs Raise $3.2 Billion in 2020

Securitized 1031 exchange offerings raised just shy of $3.2 billion in 2020, down from last year's total of nearly $3.5 billion, according to the...

Black Creek Industrial REIT IV Declares 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 value for...

Phillips Edison Buys Minnesota Shopping Center

Phillips Edison & Company, Inc., an internally managed non-traded real estate investment trust focused on grocery-anchored shopping centers, has purchased West Village Center, a...