Home 2021 September

Monthly Archives: September 2021

image_pdf

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...

Invesco REIT Surpasses Half a Billion Dollars in Assets with Latest Acquisitions

Invesco Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust, has purchased six properties in the student housing, industrial and...

Carter Multifamily Sells 16 Multifamily Properties for $394 Million

Carter Multifamily, an affiliate of Carter Funds and sponsor of private placement offerings, has reportedly sold 16 multifamily properties located throughout the southeastern United...

Comrit Extends Tender Offer Expiration Date Following CIM REIT Merger Announcement

Comrit Investments 1 LP, a Tel Aviv-based investment fund, has extended the expiration date of its recently launched unsolicited tender offer for shares of...

The DI Wire Welcomes KNPRE 1031 as a New Directory Sponsor

The DI Wire welcomes KNPRE 1031 as the newest member of our directory.

SEC Charges Former Raymond James Investment Advisor with Defrauding 100 Clients

The Securities and Exchange Commission has charged Michael F. Shillin with defrauding at least 100 investment advisory clients, many of whom were elderly, by...

Hines Global REIT Liquidating Trust Declares Special Distribution

HGR Liquidating Trust, the liquidating trust of non-traded real estate investment trust Hines Global REIT Inc., has declared an $0.80 per unit special distribution...

Benefit Street Partners Realty Trust Increases Quarterly Distribution

The board of Benefit Street Partners Realty Trust Inc., a publicly registered non-traded real estate investment trust focused on commercial mortgage loans, has declared...

NexPoint-Advised Private REIT Updates Monthly Net Asset Value Per Share

Vinebrook Homes Trust Inc., a private real estate investment trust managed by an affiliate of NexPoint Real Estate Advisors, recently declared its monthly net...

Non-Traded REITs Now Projected to Raise $35 Billion in 2021 After Record-Breaking Month

Sales of non-traded real estate investment trusts broke another all-time monthly record in August after raising nearly $3.69 billion, according to Robert A. Stanger...

Capital Square 1031 Buys Chattanooga Multifamily Property for New DST Offering

Capital Square 1031, a sponsor of Delaware statutory trust offerings, has purchased 17 Broad, a 158-unit multifamily property located in downtown Chattanooga, Tennessee.The property...