BREIT Names Wesley LePatner Future CEO; Frank Cohen to Retire at Year-End
August 23, 2024
Blackstone Real Estate Income Trust Inc. announced that Wesley LePatner, currently the chief operating officer of the publicly registered non-traded...
Mari Nicholson
Mari Nicholson is the managing editor of The DI Wire. She reports on alternative investments for retail investors that are distributed via broker-dealers and registered investment advisers, as well as topics that affect these investors, financial advisers, and sponsors. Alternative investment funds covered by The DI Wire include real estate investment trusts, business development companies, interval funds, closed-end funds, Delaware statutory trusts, utilized for tax-advantaged 1031 exchanges, qualified opportunity zone funds, as well as other unlisted publicly registered offerings and private placement investments.
Articles
SEC Concludes Its Investigation of Silver Star Properties REIT
August 23, 2024
The U.S. Securities and Exchange Commission recently notified Silver Star Properties REIT Inc. that it had concluded its investigation of...
Diversify Advisor Networks Adds Eight Advisers With $440 Million of Assets
August 23, 2024
Diversify Advisor Network, an adviser-founded and adviser-led wealth management firm, has recruited Perspective Financial Services, a Phoenix-based firm with $290...
Apollo Realty Income Solutions Total Monthly NAV Increases Almost 6.5%
August 23, 2024
Apollo Realty Income Solutions Inc., a non-traded net asset value real estate investment trust sponsored by Apollo Global Management Inc.,...
KKR Real Estate Select Trust Appoints Julia Butler as CEO, Matt Salem as Vice Chairman
August 23, 2024
KKR Real Estate Select Trust Inc., a ’40 Act closed-end fund that qualifies for tax treatment as a real estate...
2024 Alts Fundraising Totals $67.3 Billion Through July; Non-Traded BDCs Surpass $20 Billion for Third Consecutive Year
August 22, 2024
Alternative investment fundraising totaled approximately $67.3 billion through July, led by non-traded business development companies at an estimated $21 billion,...
Former Lincoln Financial Advisers With $4 Billion in Client Assets Join LPL Financial
August 22, 2024
More than 30 financial advisers with Academy Financial Inc. and PFG Advisors have joined LPL Financial’s broker-dealer, registered investment adviser,...
Cetera Appoints Avantax President Todd Mackay to President of Cetera Solutions
August 22, 2024
Cetera Financial Group announced that Avantax Inc.’s President Todd Mackay has been appointed as president of Cetera Solutions. In this...
Invesco REIT Reports Minor Increase in Total NAV, New Industrial Acquisition
August 22, 2024
Invesco Real Estate Income Trust Inc. – a publicly registered non-traded real estate investment trust that invests primarily in stabilized,...
BlueGate Boat & RV Storage Names JC Reed as Chief Operating Officer
August 22, 2024
BlueGate Boat & RV Storage, a provider of boat and RV storage solutions and an affiliate of Madison Capital Group,...
DST Fundraising Remains on Sluggish Pace Through the First Half of 2024
August 21, 2024
As of July 31, 2024, the year-to-date equity raise for Delaware statutory trust offerings, was just over $3.01 billion, inclusive...
NewStar Exchange Fully Subscribes $19.1 Million, BTR Atlanta Community DST Offering
August 21, 2024
NewStar Exchange, a sponsor of Delaware statutory trust offerings, announced that NewStar 6 Tranquil Gardens BTR, DST has been fully...
SEC Charges CEO and Convicted Felon Spouse in $56 Million Ponzi Scheme, Obtains Emergency Relief
August 21, 2024
The U.S. Securities and Exchange Commission filed an emergency action and obtained an asset freeze against Wells Real Estate Investment...
Nuveen Global Cities REIT Total NAV Inches Up
August 21, 2024
Nuveen Global Cities REIT Inc., a publicly registered non-traded real estate investment trust with nearly 500 properties that are 95%...
ElmTree Funds Announces REIT-Affiliated Early Investor Incentive Program
August 20, 2024
Private equity real estate firm ElmTree Funds announced an incentive program to benefit early investors in the firm’s recently launched ElmTree...
SmartStop Self Storage REIT Reports Mixed Results in Q2 2024, Continues Canadian Expansion
August 20, 2024
SmartStop Self Storage REIT, Inc., a self-managed and non-traded real estate investment trust focused on self-storage assets, announced its second...
Pennsylvania- and Florida-Based Teams Join NewEdge Wealth, Combine for $1.8 Billion AUM
August 20, 2024
Registered investment adviser NewEdge Wealth LLC added two advisory teams, one from Morgan Stanley and the other from Merrill Lynch....
Billionaire Carl Icahn Pays $2 Million to Settle SEC Investigation
August 19, 2024
The U.S. Securities and Exchange Commission announced charges against billionaire Carl C. Icahn and his publicly traded company, Icahn Enterprises...
Capital Square Receives Zoning Approval for Virginia Opportunity Zone Development
August 19, 2024
Capital Square – a sponsor of tax-advantaged real estate investments and an active developer and manager of multifamily communities –...
Mountain V Launches $20 Million Oil and Gas Fund
August 19, 2024
Mountain V Oil & Gas Inc., an oil and gas exploration and development company, has launched Mountain V 2024 Fund...
