Former Wells Fargo Rep Receives 128-Count Indictment for Investment Fraud
January 3, 2019
John Gregory Schmidt, a former Wells Fargo Advisors Financial Network registered representative, has been indicted on 128 counts for conducting...
Stephanie Adamson
Articles
RREEF Property Trust Buys Grocery-Anchored Retail Plaza in Chicago
January 3, 2019
RREEF Property Trust Inc. (NASDAQ: ZRPTAX; ZRPTIX; ZRPTTX), a publicly registered daily NAV REIT, has purchased a grocery-anchored retail plaza...
SEC Bars Former LPL Broker and Bank Manager Convicted of Embezzlement
January 2, 2019
The Securities and Exchange Commission has barred Stephen Thomas Carbonella, a former LPL Financial broker and bank manager who was...
Destra Acquires Closed-End Interval Fund
January 2, 2019
Multi-Strategy Growth & Income Fund, a closed-end interval fund, was acquired by Destra Capital Advisors LLC and renamed the Destra...
Wells Fargo Reaches $575 Million Agreement with States over Sales Misconduct
January 2, 2019
Wells Fargo & Co. (NYSE: WFC) has agreed to pay $575 million to settle widespread claims over the bank’s improper...
Comrit Completes Tender Offer for InvenTrust Shares
January 2, 2019
Comrit Investments 1 LP, a Tel Aviv-based investment fund, has completed its unsolicited tender offer for up to 37 million...
Starwood’s $5 Billion REIT Breaks Escrow
December 28, 2018
Starwood Real Estate Income Trust, Inc., a publicly registered non-traded REIT sponsored by global real estate investment manager Starwood Capital...
SEC Charges Two Robo-Advisers with Making False Statements
December 28, 2018
The Securities and Exchange Commission has instituted settled proceedings against two robo-advisers for making false statements about investment products and...
Everest Completes Tender Offer for W.P. Carey REIT Shares
December 28, 2018
Everest REIT Investors I LLC, a private real estate investment firm, has completed its unsolicited tender offer for shares of...
Inland Residential Sells Illinois Multifamily Property for $24.6 Million
December 28, 2018
Inland Residential Properties Trust Inc., a publicly registered non-traded real estate investment trust, has completed the sale of “The Commons...
Stira Alcentra Global Credit Fund and Priority Income Fund Agree to Merge
December 27, 2018
Stira Alcentra Global Credit Fund (SAGC), a closed-end fund formerly known as Steadfast Alcentra Global Credit Fund, has agreed to...
Blackstone REIT Updates NAV Per Share
December 27, 2018
Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX),...
Massachusetts Regulator Fines Former Stifel Nicolaus Adviser for Overcharging Clients
December 27, 2018
The Massachusetts Securities Division has charged a Cape Cod investment adviser with operating a scheme which overcharged his clients and...
Guest Contributor: Senior Housing in 2019 – Still a Trustworthy Investment
December 27, 2018
For more than a decade, senior housing has seen unprecedented growth, fueled by the Silver Tsunami. It’s become such an...
Inland Residential Shareholders Approve Plan of Liquidation
December 26, 2018
Shareholders of Inland Residential Properties Trust Inc., a publicly registered non-traded real estate investment trust, have approved the company’s plan...
Royal Bank of Canada Affiliate Launches New Closed-End Interval Fund
December 26, 2018
City National Rochdale, a direct subsidiary of City National Bank – an affiliate of the Royal Bank of Canada, has...
JLL Income Property Trust Expands and Extends Credit Facility
December 26, 2018
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), has closed on the expansion...
Two Griffin Non-Traded REITs to Merge
December 21, 2018
Griffin Capital Essential Asset REIT Inc. and Griffin Capital Essential Asset REIT II Inc., two non-traded real estate investment trusts,...
Howard Capital Names Former Bluerock Exec as Managing Director of National Accounts
December 21, 2018
Howard Capital Management Inc. (HCM), an SEC-registered investment advisory firm with more than $1.5 billion in assets under management, has...
FS/KKR Closes Merger of FS Investment Corporation and Corporate Capital Trust
December 21, 2018
FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit Advisors (US) LLC, has closed its merger of FS...
