Sponsored: How a Subscription Escrow Agent Works for Your Capital Raise
September 16, 2019
By: Tim Cook, manager of corporate trust national sales, UMB Bank If you are preparing to start raising capital for a new...
Stephanie Adamson
Articles
August Non-Traded REIT Sales Up 228% Year-Over-Year
September 13, 2019
Robert A. Stanger & Company has reported that sales of non-traded real estate investment trusts totaled nearly $1.4 billion in...
Black Creek Industrial REIT IV Follow-On Offering Declared Effective
September 13, 2019
The $2 billion follow-on offering for Black Creek Industrial REIT IV Inc., a publicly registered non-traded real estate investment trust,...
Atria’s Sorrento Pacific Adds $1 Billion Team
September 13, 2019
Sorrento Pacific Financial LLC, an independent wealth management firm and subsidiary of Atria Wealth Solutions, has added Pennsylvania-based Schorn Wealth...
TD Asset Management Launches Retail-Focused Alt Fund
September 13, 2019
TD Asset Management Inc. has added the TD Greystone Real Asset Pooled Fund Trust to its existing suite of alternative...
XY Planning Network Files Lawsuit to Challenge SEC’s Regulation Best Interest Rule
September 12, 2019
XY Planning Network (XYPN), a financial planning platform for fee-only financial advisors founded by Alan Moore and Michael Kitces, has...
NASAA Urges Congress to Halt Expansion of Private Securities Markets
September 12, 2019
The North American Securities Administrators Association (NASAA) has urged Congress to take no further action to expand the nation’s private...
CNL Healthcare Properties II Investors Approve Plan of Liquidation
September 12, 2019
Shareholders of CNL Healthcare Properties II Inc., a publicly registered non-traded real estate investment trust, approved the company’s plan of...
Blucora To Rebrand Wealth Management Division
September 12, 2019
Blucora, Inc. (NASDAQ: BCOR), a firm focused on wealth management and tax preparation, will rebrand its wealth management business to...
States Sue SEC Over Broker Advice Rule
September 11, 2019
A group of eight attorneys general filed a federal lawsuit on Monday in the Southern District of New York, challenging...
Cetera Hires Former FINRA Director as General Counsel
September 11, 2019
Cetera Financial Group, the second-largest independent financial advisor network in the nation by number of advisors, has hired former FINRA...
RK Properties Sells Former REO Condo Tower for Nearly Double Purchase Price
September 11, 2019
RK Properties, a sponsor of alternative private placements and Delaware statutory trust offerings, has sold Wilton Tower, a 150-unit multifamily...
CAI Investments Hires Former SmartStop Sales Exec as SVP of Capital Markets
September 11, 2019
CAI Investments, a property manager/developer and private placement sponsor, has hired James Hickey as senior vice president of capital markets....
AR Global and Former Auditor to Pay $286.5 Million to Settle $1 Billion Vereit Class Action
September 10, 2019
Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP) founded by Nicholas Schorsch...
FINRA Panel Rules that Wells Fargo Violated Nevada’s New Fiduciary Rule
September 10, 2019
In a landmark arbitration decision, the Financial Industry Regulatory Authority ruled that Wells Fargo must pay investor Ann De Jong,...
CrowdStreet Launches Opportunity Zone Fund
September 10, 2019
CrowdStreet Inc., which operates an online marketplace for direct equity investment in commercial real estate, has launched an opportunity zone...
LPL Adds Former Ameriprise Team with $150 Million in Client Assets
September 10, 2019
LPL Financial LLC, the nation’s largest independent broker-dealer, has added three former Ameriprise financial advisors to its broker-dealer and corporate...
MacKenzie Realty Capital Registers Second Follow-On Offering
September 9, 2019
MacKenzie Realty Capital Inc., a non-traded business development company, has filed a registration statement for its second follow-on offering for...
Alpha Capital Buys Multifamily Property in Ohio Opportunity Zone
September 9, 2019
Alpha Capital Partners, a Pittsburgh-based real estate investment firm, has purchased Hamilton Creek Apartments, a 45-acre multifamily property located in...
RREEF Property Trust to Buy Home Depot-Anchored Retail Property Near Atlanta
September 9, 2019
RREEF Property Trust Inc. (NASDAQ: ZRPTAX; ZRPTIX; ZRPTTX), a publicly registered daily NAV REIT, has agreed to purchase Providence Square,...
