Eric Pickens joins Constitution Capital Partners by Lewis Dayton | Apr 18, 2024 Eric Pickens has joined Constitutional Capital Partners, an alternative asset manager singularly focused on middle-market private equity and direct lending, as a senior vice president, he announced in a post on LinkedIn.
ExchangeRight’s Net-Leased All-Cash 2 DST is fully subscribed by Released | Apr 18, 2024 ExchangeRight, one of the nation's leading providers of diversified real estate DST and REIT investments, has fully subscribed Net-Leased All-Cash 2 DST, a $24.84 million offering of net-leased real estate for investors seeking a debt-free 1031 exchange strategy designed to produce stable income, provide tax advantages and offer flexible exit options with the potential for enhanced returns.
JLL Income Property Trust completes full cycle transactions in DST Platform by Released | Apr 18, 2024 JLL Income Property Trust has announced the full cycle UPREIT of three additional Delaware Statutory Trust (DST) programs from its JLL Exchange platform, which offers reinvestment opportunities to 1031 exchange investors. In a 721 UPREIT transaction, real estate can be exchanged on a tax-deferred basis for partnership interests in a REIT, offering the potential for owners of the exchanged property to achieve greater diversification, current income and appreciation.
Industrial new supply continues to push vacancy higher: Leasing remains healthy by Released | Apr 18, 2024 Overall industrial vacancy rate rose another 60 basis points since the close of 2023 to 5.8 percent, according to the latest data by Cushman & Wakefield.
Macquarie Green Energy and Climate Opportunities Fund acquires six companies and projects by Released | Apr 17, 2024 Macquarie Asset Management has agreed for Macquarie Green Energy and Climate Opportunities Fund to acquire a portfolio of six solar, wind, energy storage and natural climate solutions investments.
Baron Capital announces leadership changes by Released | Apr 17, 2024 Baron Capital announced that Linda Martinson is planning to step down as president and COO at Baron Capital after 41 years of service. She will assume an advisory role with the firm to ensure a smooth transition. David Baron and Michael Baron, vice presidents and portfolio managers at Baron Capital, will assume the roles of co-presidents. The firm also announced Rachel Stern will join Baron Capital as chief operating officer. All changes will be effective June 3. David Baron, Michael Baron and Stern will report to Ron Baron, chairman and CEO of Baron Capital.
Toyota Ventures raises $300m to expand investments in frontier technology and climate solutions by Released | Apr 17, 2024 Toyota Ventures, the early-stage venture capital arm of Toyota, has announced two $150 million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation.
Nexamp secures $520m in capital raise led by Manulife by Kali Persall | Apr 17, 2024 Nexamp, an independent renewable-energy provider and the nation's largest community solar developer and owner, has secured $520 million in a capital raise led by Manulife Investment Management, alongside existing investors Diamond Generating Corp. and Generate Capital.
Diversify Advisor Network acquires Key Advisors Wealth Management by Released | Apr 17, 2024 Diversify Advisor Network, the adviser-founded and adviser-led wealth management firm, has announced that Key Advisors Wealth Management, a Delaware-based fee-only firm with $645 million in assets under management, is joining Diversify Wealth Management to take advantage of its Partner Platform affiliation model.
David Bailin, Citigroup wealth division CIO, to leave by Andrea Zander | Apr 17, 2024 David Bailin, Citigroup’s CIO for its wealth division, has plans to leave the bank after 15 years, according to a LinkedIn post.