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Monthly Archives: April 2021

Realty Income to Buy VEREIT in All Stock Transaction

VEREIT Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP), plans to merge with net-lease giant Realty Income...

Capital Square Buys Georgia Multifamily Property for DST Offering

Capital Square 1031, a sponsor of Delaware statutory trust offerings for 1031 exchange and other accredited investors, has purchased SouthLawn Lawrenceville, a newly constructed...

 Advisor Group’s Woodbury Financial Recruits $257 Million Team

Woodbury Financial Services, an independent wealth management firm within the Advisor Group network, has recruited Illinois-based Ambassador Wealth Management, a multi-service wealth management practice...

FINRA Fines and Suspends Former LPL Broker for Borrowing Money from Client

The Financial Industry Regulatory Authority has suspended former LPL Financial broker, Elias Moses Hakimian, for three months for reportedly borrowing $120,000 from a firm...

Prospect Capital Reports Capital Raise of Preferred Stock Offering

Prospect Capital Corporation (NASDAQ: PSEC), a publicly traded business development company, reported that its continuous preferred stock offering of up to 40 million shares...

Non-Traded NAV REITs Reportedly Outperform Traded Counterparts

Non-traded real estate investment trusts, as well as their traded counterparts, made gains in the first quarter of 2021 as the market continued to...

Cresset Partners and Diversified Real Estate Capital Establish “Formal” Partnership

Cresset Partners and Diversified Real Estate Capital have partnered to form Cresset Real Estate Partners, an entity that plans to target investment opportunities in...

Cantor Fitzgerald Sells Las Vegas Multifamily DST Property

A joint venture between a subsidiary of Cantor Fitzgerald Investors LLC and private real estate investment firm Hamilton Zanze & Company has sold Norterra...

Atria’s Cadaret Grant Recruits $2 Billion OSJ

Cadaret Grant, an independent wealth management firm and subsidiary of Atria Wealth Solutions Inc., has recruited Ohio-based Cedar Brook Group, an office of supervisory...