Alts Distributor Pacific Oak Capital Markets Ceases Operations

Alternative investment distributor Pacific Oak Capital Markets LLC has closed its doors. The June 30 announcement was made on its website, with the company stating it had officially ceased operations and is no longer conducting business.

Pacific Oak Capital Markets served as the wholesaler and managing broker-dealer for alternative investment offerings, primarily focused on real estate-based programs.

Investors in products previously supported or offered by Pacific Oak Capital Markets were directed to their respective entities by the “Former Pacific Oak Capital Markets Team.” This includes four offerings by SmartStop: SmartStop Self Storage REIT (NYSE:SMA), Strategic Storage Growth Trust III, Strategic Storage Trust VI, and Blue Door Property I, DST; and Pacific Oak offerings: Pacific Oak Strategic Opportunity REIT.

AltsWire is continuing to investigate the news. Just last December, the publication reported that financial services industry veteran Tracy Mousner joined the company as senior regional vice president for the Southern California territory. Mousner role was to build and maintain relationships with financial intermediaries throughout Southern California, Southern Nevada, and Hawaii.

And just yesterday, an announcement was made that Madison Capital Markets expanded its leadership team with Jeff Kremin and Lee Bastidas joining as president and executive vice president, national accounts, respectively. Both held senior roles at Pacific Oak Capital Markets through this year.

For more Pacific Oak news, click here to visit their directory sponsor page.