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3 Jan 2020, 11:12 am by Renae Lloyd
According to the offer letter, the company announced an estimated NAV of $18.57 per share in September 2019, 26% lower than the original offering price was $25.00/share. [read post]
26 Dec 2019, 3:26 pm by Green, Schafle & Gibbs
“Singal’s sham contribution diluted the value of First Capital REIT’s shares and resulted in First Capital REIT selling shares at inflated prices to unsuspecting investors. [read post]
22 Dec 2019, 9:17 am by Staff Attorney
Advisor David Miller (Miller), currently employed by PeachCap Securities, Inc. [read post]
17 Dec 2019, 3:34 pm by InvestorLawyers
   First Capital paid upfront sales commissions and dealer-manager fees totaling 10% of the REIT’s $11.00 a share offering price. [read post]
17 Dec 2019, 1:46 pm by Staff Attorney
  From October 2009 until November 2016 Burns was registered with VSR Financial Services, Inc. [read post]
17 Dec 2019, 1:27 pm by Renae Lloyd
The complaint alleges that, consequently, First Capital REIT allegedly reported inflated net asset values and purported to issue common shares to investors at inflated prices. [read post]
13 Dec 2019, 8:21 am by Renae Lloyd
On December 9, 2019, Mackenzie Realty Capital, Inc. extended an offer to purchase shares of New York City REIT, Inc. at a purchase price of $10.05/Share. [read post]
7 Nov 2019, 4:45 am by Renae Lloyd
KBS Strategic Opportunity REIT, a publicly registered non-traded REIT, (now known as Pacific Oak Strategic Opportunity REIT Inc.), has just completed a merger with Reven Housing REIT Inc. [read post]
17 Oct 2019, 10:29 am by Staff Attorney
  From March 2007 until August 2013 Hobson was registered with Next Financial Group, Inc. [read post]
16 Oct 2019, 10:38 am by Staff Attorney
Advisor Jeffrey Davis (Davis), currently employed by Kovack Securities Inc. [read post]
10 Oct 2019, 7:28 am by Staff Attorney
  From November 2010 until October 2013 Lunceford was registered with Securities Service Network, Inc. [read post]
1 Oct 2019, 6:29 am by Renae Lloyd
Liquidity Problems – Secondary Sales Price -$10.00/Share Unfortunately for investors, Central Trade & Transfer, secondary market for non-traded REITs, recently listed shares of HTI for just $10.00 per share. [read post]
29 Sep 2019, 5:33 am by Staff Attorney
Advisor Richard Braverman (Braverman), currently employed by Geneos Wealth Management, Inc. [read post]
16 Sep 2019, 6:18 am by Staff Attorney
In February 2013 Hyer was permitted to resign from Next Financial Group, Inc. [read post]
11 Sep 2019, 12:52 pm by Daily Record Staff
Bethesda-based real estate investment trust Saul Centers, Inc. announced Wednesday it priced 4 million depositary shares, each representing a 1/100th fractional interest in a share of the company’s 6% Series E Cumulative Redeemable Preferred Stock, at an initial public offering price of $25 per depositary share. [read post]