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Monthly Archives: October 2021

Blackstone REIT and Kimco to Jointly Own Six Sunbelt Shopping Centers

Kimco Realty Corp. (NYSE: KIM), a publicly traded real estate investment trust, has purchased the remaining 70 percent interest in a portfolio of six...

SEC Charges Adviser with Stealing $3 Million to Pay Off Credit Cards, Buy Gold...

The Securities and Exchange Commission has charged Kenneth Welsh, a former New Jersey-based broker and investment adviser representative with stealing nearly $3 million from...

ExchangeRight Affiliate Telos Reports 11% Annual IRR with RV Resort Development

Telos Capital, a private equity real estate investment company and affiliate of alternative investment sponsor ExchangeRight, has brought its TCF2 Stella Mare investment fund...

Greenbacker Buys Pair of Operational Wind Assets in Minnesota

Greenbacker Renewable Energy Company, a publicly registered, non-traded limited liability company, has purchased two operating wind assets in Murray County, Minnesota from PRC Wind...

Department of Labor Delays Fiduciary Rule Enforcement

The Department of Labor has delayed the implementation of its investment advice rule from December 20, 2021 until February 1, 2022. The DOL's prohibited transaction...

JLL Income Property Trust Buys Another Denver-Area Multifamily Property from Inland Private

JLL Income Property Trust, a daily net asset value real estate investment trust, has purchased Miramont Apartments in the Denver suburb of Fort Collins,...

Hartman Income REIT Management Hires Regional Sales Director

Hartman Income REIT Management Inc., a sponsor of publicly registered non-traded real estate investment trusts, has hired Matthew Somers as a regional sales director...

RK Properties Buys South Carolina Multifamily Property for DST Offering

RK Properties, a sponsor of private placements and 1031 exchange offerings, has purchased Trailside Verdae, a newly developed 276-unit multifamily property in Greenville, South...

Inland Private Reports 219% Return with DST Multifamily Portfolio Sale

Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold three multifamily properties for $206.4 million on behalf of one of...

Capital Square 1031 Buys Virginia Multifamily Property for DST Offering

Capital Square 1031, a sponsor of Delaware statutory trust offerings, has purchased a Class A, 339-unit multifamily community in Glen Allen, Virginia, a suburb...

Hines Global Income Trust Buys Industrial Property in Prague

Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has purchased Eastgate Park, an industrial logistics property located in Prague,...

Comrit Launches Unsolicited Tender Offer for Shares of CNL Healthcare

Comrit Investments 1 LP, a Tel Aviv-based investment fund, has launched an unsolicited tender offer to purchase up to 8.8 million shares of CNL...

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...

Invesco REIT Declares Monthly Net Asset Value Per Share

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...

Core Pacific Advisors Fully Subscribes DST Offering of Texas Multifamily Property

Core Pacific Advisors, an investment advisory firm and sponsor of 1031 exchange offerings, has fully subscribed CPA Cue Luxury Apartments DST, a Delaware statutory...

SmartStop Self Storage REIT Buys Self Storage Facility Near Denver

SmartStop Self Storage REIT Inc., a publicly registered non-traded real estate investment trust, has purchased a 769-unit self-storage facility in the Denver suburb of...

Four UDF REIT Executives Charged with Fraud

Federal prosecutors have charged four United Development Funding executives with allegedly engaging in a “scheme to defraud” using three of the company’s investment funds,...

Non-Traded REIT Sales Exceed $3 Billion for Fourth Month in a Row

Sales of non-traded real estate investment trusts exceeded $3 billion for the fourth month in a row with $3.29 billion raised in September, according...

Cottonwood Communities Reports Monthly NAV Per Share

Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust focused on multifamily real estate investments, has reported the monthly net asset value...

CAI Investments Buys Retail Property Near Reno for DST Offering

CAI Investments, LLC, a property manager/developer and private placement sponsor, has purchased a Cabela’s retail establishment in the Reno suburb of Verdi, Nevada for...