New DOL Fiduciary Rule to be Unveiled Today
The Department of Labor’s much-anticipated, and highly controversial, new retirement security rule – referred to as the fiduciary rule by many industry insiders –...
Inland Private Takes Milwaukee Multifamily DST Full-Cycle
Inland Private Capital Corporation, a privately held alternative investment management firm and a member of The Inland Real Estate Group of Companies Inc., announced...
FINRA Fines and Suspends Former Adviser over GPB Sales
The Financial Industry Regulatory Authority fined and suspended former Aegis Capital Corp. registered representative Salvatore Gambino after he “made unsuitable recommendations in speculative alternative...
Former UBS Advisers with $250 Million in Assets Join LPL Financial
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisers Michael J. Pumo and David A. DiRe have joined LPL Financial’s broker-dealer,...
BGO Industrial REIT NAV Per Share Increases 2% in September
BGO Industrial Real Estate Income Trust Inc., a non-traded REIT sponsored by global institutional investment management firm BentallGreenOak, announced the company has declared a...
Cottonwood Communities Resumes Public Offering
Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust focused on multifamily real estate investments, announced that they have resumed accepting subscriptions...
Shopoff Expected to Resume Construction on $550 Million Las Vegas Resort
Shopoff Realty Investments has applied for an extension on building permits with Clark County for its Dream Las Vegas casino resort development. As The...
Passco Sells Florida Multifamily Community for $102 Million
Passco Companies LLC, a sponsor of Delaware statutory trust offerings and other alternative investments, announced that they have sold ParkCrest Landings, a 400-unit community...
ExchangeRight Fully Subscribes $29 Million New York DST Offering
ExchangeRight, a sponsor of Delaware statutory trusts and real estate investment trust investments, announced that investors have fully subscribed ExchangeRight's Essential Grocery DST, a...
PIABA Continues Campaign to Reform Broker Expungement Process
The Public Investors Advocate Bar Association, a 501(c)(6) non-profit international bar association, and its sister 501(c)(3) charitable organization, the PIABA Foundation, announced in an...
SEC Charges Former Adviser Over $2 Million Fraud Scheme
The Securities and Exchange Commission announced that it has filed charges and obtained a consented-to asset freeze against a Santa Maria, California-based investment adviser...
ARCTRUST III Relaunches Private Offering
ARCTRUST III Inc., a private real estate investment trust sponsored by ARCTRUST, has expanded the size of its private placement offering by approximately $50...
New Orleans RIA Adds Adviser with $500 Million in Assets Under Management
NewEdge Advisors LLC, a New Orleans-based registered investment advisor, announced that Bill Laird and, in connection, Riverside Wealth Partners of Jacksonville, Florida, have joined...
Ares REIT NAV Declined by Nearly 1% in September
Ares Real Estate Income Trust Inc., a publicly registered net asset value-based perpetual life real estate investment trust formerly known as Black Creek Diversified...
DST Fundraising Stays Steady in September
Fundraising for Delaware statutory trust offerings, typically used to facilitate securitized 1031 exchanges, totaled just over $3.8 billion for the year through September 2023,...
MacKenzie Capital Offers to Buy BREIT Shares at Steep Discount
Shareholders of Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), received a...
The True Life Companies Elite Fund III Sells Two Properties in California
The True Life Companies Elite Fund III LLC, a $50 million private placement offering managed by The True Life Companies, announced the sale of...
CAIS Launches Software Platform for Alternatives
CAIS, an alternative investment platform for independent financial advisors, announced the launch of its new SaaS platform, CAIS Solutions, which the company says uses...
Blackstone Private Credit Fund Earnings Double the Private Credit Market
Blackstone’s (NYSE: BX) nearly $50 billion non-traded business development company, Blackstone Private Credit Fund or “BCRED,” announced that their portfolio companies’ earnings have grown...
Sponsor of Strategic Storage Trust VI to Front Sales Expenses
Strategic Storage Trust VI Inc., a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc., announced...
