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Monthly Archives: September 2021

SEC Charges Former Adviser with Stealing $1 Million from Three Elderly Clients

The Securities and Exchange Commission has charged former investment adviser Naseem Mohammed Salamah with fraud after he allegedly stole at least $968,600 from three...

GTIS Opportunity Zone JV to Develop Charlotte Multifamily Property

GTIS Partners, a real estate investment firm that manages in excess of $4 billion in assets, has formed a joint venture with multifamily developer...

Sierra Income Corporation Suspends Distribution Reinvestment Plan

Sierra Income Corporation, a non-traded business development company, has suspended its distribution reinvestment plan in connection with the proposed merger with Barings BDC Inc....

Advisor Group’s SagePoint Recruits Three Hybrids

SagePoint Financial, a wealth management firm within the Advisor Group network, has recruited three hybrid practices that collectively oversee $498 million in client assets....

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 its monthly net asset value...

Vinebrook Homes Trust Names Interim President

The board of Vinebrook Homes Trust Inc., a private real estate investment trust managed by an affiliate of NexPoint Real Estate Advisors, has appointed...

JVM Realty Buys Multifamily Property Near Indianapolis

JVM Realty Corp., a multifamily real estate investment firm and sponsor of private placement offerings, has purchased The Mark at Fishers District, a 260-unit...

Capital Square Expands Development Team with Senior Hire

Capital Square, a national investment sponsor specializing in tax-advantaged real estate, has appointed Natalie Martirosian Mason senior vice president of development. Mason brings 13 years...

Phillips Edison & Company Increases Monthly Distribution

Phillips Edison & Company Inc. (Nasdaq: PECO), a former non-traded real estate investment trust that recently listed on the Nasdaq, has approved a $0.09...

Blackstone REIT to Buy The Cosmopolitan of Las Vegas

Blackstone Real Estate Partners VII L.P., a real estate fund sponsored by Blackstone (NYSE: BX), has agreed to sell The Cosmopolitan of Las Vegas...