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Monthly Archives: June 2021

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Inland REIT Reinstates Distributions for Second Quarter 2021

The board of Inland Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust, has reinstated distributions for the second quarter...

New Jersey Attorney General Named SEC’s Top Cop

The Securities and Exchange Commission has appointed New Jersey Attorney General, Gurbir Grewal, as director of the division of enforcement, effective July 26, 2021."...

Oaktree REIT Posts Monthly NAV Per Share for May 2021

Oaktree Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust, has declared a net asset value per share for its...

CI Financial Enters Pennsylvania with $2.6 Billion RIA Acquisition

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

Guest Contributor: 1031 Exchanges – A Major Generator of Tax Revenues

By: John Harrison, Executive Director of The Alternative and Direct Investment Securities Association (ADISA)The 26 U.S. Code Section 1031 has been around for a...

FINRA Bars Longtime Broker for Failing to Cooperate with Investigation

The Financial Industry Regulatory Authority has barred Nathan Gersteen Katz, a longtime broker who entered the industry in 1977, for failing to cooperate with...

Shopoff Sells Southern California Mining Property for $23 Million

Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, has sold Mead Valley Quarry, comprising 577 acres of vacant land...

iCapital Network Hires Chief Investment Strategist

iCapital Network, a global financial technology platform focused on alternative investing for the asset and wealth management industries, has hired Anastasia Amoroso as chief...

Crown Capital Securities to Pay $1.6 Million to Settle SEC Charges

The Securities and Exchange Commission has ordered Crown Capital Securities LP, a dually registered investment adviser and broker-dealer, to pay nearly $1.6 million in...

Greenbacker Buys Wind Farm in San Francisco Bay Area

Greenbacker Renewable Energy Company, a publicly registered, non-traded limited liability company, has purchased the 57.5-megawatt Altamont Winds Project from funds managed by Castlelake, L.P.,...

Versity Investments Names Senior Vice President and National Accounts Manager

Versity Investments LLC, a real estate investment firm formerly known as NB Private Capital, has promoted Tyler Carter to the new position of senior...

Lasalle St. Recruits Philadelphia-Area Investment Advisory Practice

LaSalle St., a family of wealth management firms, has recruited Retirement Planning Specialists, an investment advisory practice in the Philadelphia area with $200 million...

Guest Contributor: Marketing and Networking Best Practices for Financial Professionals

By: Drew Jackson, President of Concorde Investment ServicesFinancial professionals work in an extraordinarily dynamic and rapidly evolving industry, where new tech, new tools, and...

Griffin-American Healthcare REITs to Merge and Pursue Public Listing

Griffin-American Healthcare REIT III Inc. and Griffin-American Healthcare REIT IV Inc., two healthcare-focused non-traded real estate investment trusts, have agreed to merge in a...

Gladstone Securities Hires Northeast Region Wholesaler, Completing External Sales Team

Gladstone Securities LLC, an affiliated broker-dealer of The Gladstone Companies, has hired Jade Clark as its external wholesaler for the northeast region, rounding out...

Pacific Oak Capital Markets Hires Senior Regional Vice President

Pacific Oak Capital Markets LLC, a wholesaler and managing broker-dealer for alternative investment offerings, has hired financial industry veteran Gene Sullivan as senior regional...

LPL Financial Recruits 30-Member OSJ Formerly with Voya

LPL Financial LLC, the nation’s largest independent broker-dealer, has added Brian M. Woods Financial Services, a large enterprise supervising approximately 30 financial advisors, to its...

SEC Fines Guggenheim Securities $209,000 for Alleged Whistleblower Protection Violations

The Securities and Exchange Commission has charged Guggenheim Securities with allegedly violating whistleblower protection rules over language included in its employee compliance manual, the...

Leitbox Storage Partners Hires Managing Director of Fund Strategy and Operations

Leitbox Storage Partners, a self-storage investment and development firm that sponsors Regulation D private placement offerings, has hired Karen George as managing director of...

Nuveen Global Cities REIT Expands Healthcare Portfolio with Latest Acquisitions

Nuveen Global Cities REIT Inc., a publicly registered non-traded real estate investment trust, has purchased two healthcare-related properties for approximately $59 million, the company...