Asset Manager News & Perspectives

April 28, 2018

Cadaret, Grant to be sold to private-equity backed Atria Wealth Solutions

The 75-year-old co-founder of IBD firm Cadaret, Grant & Co. has agreed to sell his company to Atria Wealth Solutions, a wealth management services holding company launched last summer by two former Morgan Stanley executives with the help of a private equity firm.

April 26, 2018

Hines Global REIT Plans to Liquidate

On April 23, 2018, the board of directors of Hines Global REIT, Inc. (“the Company”) unanimously approved a plan of liquidation.

April 25, 2018

Strategic Storage Trust II, Inc. Announces $10.65 NAV

Strategic Storage Trust II, Inc. ("SST II") announced on April 20 that its board of directors has approved an estimated per share net asset value ("NAV") of its Class A common stock and Class T common stock of $10.65, calculated as of December 31, 2017.

April 25, 2018

Strategic Storage Growth Trust Announces $11.58 NAV

On April 19, 2018, the board of directors of SSGT (the “Board”) approved an estimated value per share for Class A shares and Class T shares of $11.58 based on the estimated value of assets less the estimated value of liabilities, or net asset value, divided by the number of shares outstanding on an adjusted…

April 25, 2018

Strategic Storage Trust IV Subsidiary to Purchase Seven Facilities in Texas

On April 18, 2018, a subsidiary of Strategic Storage Trust IV, Inc., entered into a purchase and sale agreement for the acquisition of a portfolio of seven self storage facilities in Texas.

April 25, 2018

KBS Strategic Opportunity REIT Acquires City Tower in Orange, California

KBS Strategic Opportunity REIT has filed additional details regarding its acquisition of City Tower on March 6, 2018.

April 25, 2018

KBS Legacy Partners Apartment REIT Files Articles of Dissolution

KBS Legacy Partners Apartment REIT has filed articles of dissolution effective April 18, 2018.

April 19, 2018

Preliminary Reactions to SEC’s “Best Interest” Standard Proposal

As expected, reactions to the SEC’s proposed standard of conduct or fiduciary rules pertaining to brokers’ relationships with clients met with mixed reviews.

April 19, 2018

SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Investment Professionals

The Securities and Exchange Commission today voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of advice relationships and investment products.