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Small B-D Outlook Improves

One year ago, small broker-dealers weren’t feeling particularly upbeat. With the implementation of the DOL rule looming,…

May NTR and BDC Sales

Led by Blackstone REIT’s increase in sales of $11.8 million in May versus April, the nontraded REIT offerings raised a total of…

Judge Says UDF Lawsuit Against Kyle Bass and Hayman Capital Will Proceed

In an article posted on Blue Vault’s website on December 19, 2017, entitled “How An Attack on a Nontraded REIT Sponsor Made a Hedge Fund Manager $60 Million,” we referred readers to a lawsuit filed by United Development Funding LP (“UDF”) and its related companies accusing hedge fund manager J. Kyle Bass and his closely held company Hayman Capital Management, L.P., of perpetrating a “short-and-distort” scheme by spreading false and damaging information about UDF in order to drive down the company’s stock price and profit by covering their short positions by buying shorted shares at much lower prices.

American Finance Trust Reports Results of Self Tender Offer

According to an SEC filing on June 5, 2018, American Finance Trust, a nontraded REIT originally named American Realty Capital Trust V, has closed its tender offer after receiving and accepting for purchase 207,713 validly tendered shares.

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