Asset Manager News & Perspectives

October 18, 2017

KBS Legacy Partners Stockholders to Vote on Liquidation Plan

KBS Legacy Partners Stockholders to Vote on Liquidation Plan October 18, 2017 | James Sprow | Blue Vault In a filing with the SEC on Tuesday, October 17, KBS Legacy Partners Apartment REIT Inc. announced to stockholders that they will vote on the company's liquidation and dissolution plan at its annual meeting slated for December…

October 17, 2017

Fiduciary Fallout: Labor Department’s Fiduciary Rule Straightjackets Investors

Fiduciary Fallout: Labor Department’s Fiduciary Rule Straightjackets Investors October 11, 2017 | Brian P. O'Shea | U.S. Chamber of Commerce Hard working Americans deserve the opportunity to secure a sound financial future. Because no two retirement savers or investors are alike, the key to providing that future lays in ensuring a robust and diverse choice of…

October 17, 2017

Can FINRA Help Small Broker Dealer Firms Survive?

Can FINRA Help Small Broker Dealer Firms Survive? October 13, 2017 | James Sprow | Blue Vault In an article on October 12, Robert Cook, FINRA’s new CEO, was quoted in InvestmentNews as saying at a conference of the American Institute of Certified Public Accountants and the SIFMA Financial Management Society, "We want to create…

October 17, 2017

FS Investment Corporation III Amends Distribution Reinvestment and Share Repurchase Programs, Will Close Offering November 1

FS Investment Corporation III Amends Distribution Reinvestment and Share Repurchase Programs, Will Close Offering November 1 October 16, 2017 | James Sprow | Blue Vault On October 13, 2017, FS Investment Corporation III (a nontraded BDC) amended its distribution reinvestment plan (“DRP”). The amended DRP will be effective as of, and will first apply…

October 17, 2017

FS Investment Corporation IV Amends Distribution Reinvestment and Share Repurchase Programs, Will Close Offering November 1

FS Investment Corporation IV Amends Distribution Reinvestment and Share Repurchase Programs, Will Close Offering November 1 October 16, 2017 | James Sprow | Blue Vault On October 13, 2017, FS Investment Corporation IV (a nontraded BDC) amended its distribution reinvestment plan (“DRP”). The amended DRP will be effective as of, and will first apply to…

October 17, 2017

KBS Strategic Opportunity REIT to Sell 11 Properties to Singapore REIT

KBS Strategic Opportunity REIT to Sell 11 Properties to Singapore REIT October 16, 2017 | James Sprow | Blue Vault On October 13, 2017 KBS Strategic Opportunity REIT, Inc. announced its intentions to sell 11 of its properties to various subsidiaries of a newly formed Singapore real estate investment trust (the “SREIT”) that is expected…

October 13, 2017

“PASS” Act to Repeal the DOL Fiduciary Rule Moves to U.S. House Floor

“PASS” Act to Repeal the DOL Fiduciary Rule Moves to U.S. House Floor October 13, 2017 | James Sprow | Blue Vault Representative Ann Wagner’s Protecting Advice for Small Savers (PASS) Act of 2017 (H.R. 3857) has passed the House Financial Services Committee in a straight party-line 36-34 vote and will now proceed to the…

October 13, 2017

KBS REIT Finalizes Its Full-Cycle Liquidation in Filing

KBS REIT Finalizes Its Full-Cycle Liquidation in Filing October 12, 2017 | James Sprow | Blue Vault On October 10, 2017, KBS Real Estate Investment Trust, Inc. filed articles of dissolution with the State Department of Assessments and Taxation (“SDAT”) of Maryland pursuant to the Company’s plan of complete liquidation and dissolution. The Plan of…

October 13, 2017

Behringer Harvard Opportunity REIT I Agrees to Sell Frisco Square

Behringer Harvard Opportunity REIT I Agrees to Sell Frisco Square October 12, 2017 | James Sprow | Blue Vault On October 11, 2017, Behringer Harvard Opportunity REIT I, Inc. entered into an agreement to sell the mixed-use community commonly known as Frisco Square located in the City of Frisco, Collin County, Texas, to Frisco Square…