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Monthly Archives: April 2022

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Caliber Breaks Ground on Multifamily Property in Texas Opportunity Zone

CaliberCos Inc., a sponsor of non-traded alternative investments, has broken ground on Jordan Lofts, a 48-unit Class A multifamily property in Downtown Bryan, Texas...

FINRA Bars Ex-Cetera Broker for Stealing Funds to Buy Mutual Fund Shares for Relative

The Financial Industry Regulatory Authority has barred former Cetera Advisors broker, Marianne O'Shee Smith, who was accused of converting $45,100 from three senior customers...

Advisor Group’s Triad Recruits Gallagher’s $6 Billion Retirement Consulting Practice

Triad Advisors, an independent wealth management firm and part of the Advisor Group network, has recruited Gallagher's Retirement Plan Consulting Practice, a team of...

Cove Capital Buys Blinds.com Corporate Headquarters for Delaware Statutory Trust Offering

Cove Capital Investments, LLC, a sponsor of securitized 1031 exchanges and other real estate investment offerings, has purchased a 108,000-square-foot single-tenant office property located...

Realto Hires Two Sales Directors

Realto Inc., an online marketplace for the secondary trading of illiquid real estate and alternative investments, has hired Lynn Berger and Shawn O’Shaughnessy to...

Bipartisan Legislation Seeks to Reform and Extend Opportunity Zone Tax Incentive

A bipartisan bill was introduced last week that would reform and extend the opportunity zone program, a tax incentive for individuals who reinvest unrealized...

JLL Income Property Trust Reports Daily NAVs for March and First Quarter Equity Raise

Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for March 2022 in...

Caliber Sells Redeveloped Class A Multifamily Property in Phoenix

CaliberCos Inc., a sponsor of non-traded alternative investments, has sold GC Square Apartments, a 165-unit multifamily community in Phoenix, Arizona for approximately $31 million.Caliber...

TruAmerica Multifamily Hires Chief Financial Officer

TruAmerica Multifamily, a Los Angeles-based value-add multifamily investment firm, has hired real estate finance veteran, Tim Siegman, to serve as chief financial officer.Prior to...

GWG Receives Waiver of Default under Credit Facility and Non-Compliance Nasdaq Notice

GWG Holdings Inc. (Nasdaq: GWGH), a financial services firm and sponsor of non-traded direct investment offerings, has received a letter from the Nasdaq’s listing...

ExchangeRight Affiliate Telos Capital Reports 19.5% Net Annual IRR with Value-Add Sale

Telos Capital, a private equity real estate investment company and affiliate of alternative investment sponsor ExchangeRight, has taken its TCF9 Milford MA Multifamily LLC...

IPA Hires Former LPL Executive as VP of Government Affairs and Associate General Counsel

The Institute for Portfolio Alternatives, a trade group representing the non-traded direct investment industry, has hired Gina Gombar as vice president of government affairs...

CI Financial Plans IPO to Take U.S. Wealth Business Public

CI Financial Corp. (NYSE: CIXX, TSX: CIX) announced plans to sell up to 20 percent of its U.S. wealth management business via a U.S....

Guest Contributor: Good Tech Decisions Will Inspire Investor Loyalty

By: Lani Oneil, Vice President at Envision Financial SystemsStrong returns have put the wind at the backs of many alternatives sponsors, helping their fundraising...

Ares Launches Non-Traded Closed-End Fund to Invest in Private Equity on Secondary Market

Ares Management Corporation (NYSE: ARES), a global alternative investment manager, has launched the Ares Private Markets Fund, a continuously offered non-traded closed-end fund that...

Carter Multifamily Buys Alabama Multifamily Portfolio for $121 Million

Carter Multifamily, an affiliate of Carter Funds and sponsor of private placement offerings, has purchased a four-property, 876-unit multifamily portfolio located in the Mobile,...

Hines Global Income Trust Buys U.K. Logistics Property

Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has purchased City Central Coventry, a 400,000-square-foot urban logistics park located...

Former LPL CIO Joins Carson Group as Managing Partner and Chief Strategy Officer

Carson Group, a financial services firm that manages $20 billion in assets, has hired Burt White as managing partner and chief strategy officer to...

Bluerock Interval Fund Reports Record Monthly Raise, Surpasses $5 Billion in Net Assets

Bluerock Total Income+ Real Estate Fund, a closed-end interval fund, has reported a new monthly record of capital inflows in March 2022 of approximately...