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Monthly Archives: August 2021

SEC Sanctions Eight Broker-Dealers/RIAs for Deficient Cybersecurity Protection

The Securities and Exchange Commission has sanctioned eight firms for having deficient cybersecurity policies and procedures that resulted in email account takeovers that exposed...

Capital Square 1031 Buys Florida Manufactured Housing Community for DST Offering

Capital Square 1031, a sponsor of Delaware statutory trust offering, has purchased a 55+ lifestyle manufactured housing community in Vero Beach, Florida. The community consists...

The Parking REIT Sells Majority Stake to Bombe Asset Management

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

Comrit Launches Unsolicited Tender Offer for Griffin Realty Trust Shares

Comrit Investments 1 LP, a Tel Aviv-based investment fund, has launched an unsolicited tender offer to purchase up to $4 million of Class AA...

Non-Traded REIT Sales Exceed $3 Billion in July, Alts on Pace to Raise $65...

Sales of non-traded real estate investment trusts reached $3.3 billion in July, according to Robert A. Stanger and Co., marking the second consecutive month...

QTS Stockholders Approve Acquisition by Blackstone REIT and Affiliated Funds

QTS Realty Trust (NYSE: QTS), a publicly traded REIT focused on data center assets, reported that its stockholders approved the acquisition of the company...

Strategic Storage Trust VI Buys Self Storage Facility Near Phoenix

Strategic Storage Trust VI Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc., has purchased an...

EJF Capital JV to Develop Multifamily Property in Jacksonville Opportunity Zone

EJF Capital LLC and Chance Partners LLC plan to develop a two building, 226-unit multifamily property dubbed Eastborough in the San Marco neighborhood of...

SEC Chair Adds CFA Director of Investor Protection to Senior Staff

The Securities and Exchange Commission has appointed Barbara Roper as senior advisor to chairman Gary Gensler. Roper currently serves as the director of investor...

Blackstone’s BDC Declares Monthly NAV Per Share

Blackstone Private Credit Fund, a non-traded business development company sponsored by private equity giant Blackstone (NYSE: BX), has declared a monthly net asset value...

Flat Rock Opportunity Fund Announces Distribution Increase

Flat Rock Opportunity Fund, a closed-end interval fund investing in collateralized loan obligations, has increased its monthly distribution to $0.221 per share. Based upon the...

Lasalle St. Recruits $100 Million Husband-and-Wife Advisor Team from Cetera

LaSalle St., a family of wealth management firms encompassing independent broker-dealer and registered investment adviser (RIA) platforms, has recruited Roger and Rebecca Hannan, a...

Inland Private Reports 167% Total Return with DST Multifamily Property Sale

Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold The Preserve at the Meadows, a 220-unit multifamily property located in...

Vinebrook Reports Resignation of CEO and President

Vinebrook Homes Trust Inc., a private real estate investment trust focused on single-family rental properties that is managed by an affiliate of NexPoint Real...

Greenbacker Capital Expands Investment in Hydroelectric Power Firm

Greenbacker Capital Management, a private placement sponsor focused on renewable energy investments, reported that one of its affiliated funds has increased its investment in...

Comrit Launches Another Tender Offer for CIM Real Estate Finance Trust Shares

Comrit Investments 1 LP, a Tel Aviv-based investment fund, has launched another unsolicited tender offer for shares of CIM Real Estate Finance Trust, this...

NexPoint-Advised Private SRF REIT Declares Monthly NAV Per Share

Vinebrook Homes Trust Inc., a private real estate investment trust focused on single-family rental properties that is managed by an affiliate of NexPoint Real...

Urban Catalyst Secures Construction Financing for Downtown San Jose Mixed-Use Project

Urban Catalyst, an opportunity zone fund sponsor that focuses on ground-up development projects in downtown San Jose, has closed on its senior construction loan...

Invesco REIT Declares Net Asset Value Per Share for July 2021

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

Buttonwood Due Diligence’s Longest Tenured Employees Purchase Company

Buttonwood Due Diligence LLC, a provider of financial due diligence and risk management services for the alternative investment industry, reported that two of its...