Principal Asset Management examines key real estate sectors in new U.S. report by Kali Persall | Nov 7, 2024 Principal Asset Management has released its U.S. Real Estate Sector Report, touching on performance and implications for a number of key property types and sectors.
REITs fall 3% in October, but remain up 10% YTD by Loretta Clodfelter | Nov 7, 2024 REITs fell in October, with the FTSE Nareit Equity REITs Index recording a decline of 2.9 percent. REITs are up 10.1 percent, year-to-date, according to the index.
EP Wealth Advisors acquires Gather Financial Planning and Riley Private Client by Released | Nov 7, 2024 EP Wealth Advisors, a fee-only registered investment adviser, has acquired Gather Financial Planning in Maine and Riley Private Client in Texas. Financial terms of the deals were not disclosed.
Alterra IOS, J.P. Morgan Asset Management announce sale of 51-property IOS portfolio by Denise Moose | Nov 7, 2024 Alterra IOS announced the sale of a 51-property portfolio to Peakstone Realty Trust in an off-market transaction valued at $490 million.
Corient Capital Partners leader Jon Tenney introduces THECE Wealth Management by Kali Persall | Nov 6, 2024 Jon Tenney, a founding partner and investment adviser at Corient Capital Partners, has announced the creation of THECE Wealth Management, a new registered investment adviser in Newport Beach, Calif., that will cater to high-net-worth clients.
Keystone Private Wealth hires Joe Sanchez as an investment adviser representative by Kali Persall | Nov 6, 2024 Joe Sanchez has joined Keystone Private Wealth (KPW), an adviser in Southern California with more than $600 million in assets under management, as an investment adviser representative.
Ares Management to end 2024 with record gross capital exceeding $80b by Elise Mackanych | Nov 6, 2024 Ares Management Corp. is planning to end 2024 with a record total gross capital of more than $80 billion, beating its 2021 record of $77 billion, according to a third quarter earnings call that took place on Nov. 1.
Allianz X forms JV with AlTi Global to serve UHNW wealth segment by Released | Nov 6, 2024 Allianz X has announced a joint venture with AlTi Global, an independent global wealth manager with more than $72 billion in combined assets, enabling the formation of a strategic partnership with Allianz Global Investors (AllianzGI) to create a private markets offering for the ultra-high-net-worth (UHNW) wealth segment.
Cove Capital purchases Georgia industrial asset on behalf of 1031 exchange DST investors by Released | Nov 6, 2024 Cove Capital Investments, a Delaware Statutory Trust sponsor company, has purchased an industrial asset in Athens, Ga.
BMO Private Wealth’s CEO to retire as new head of U.S. private wealth steps in by Kali Persall | Nov 5, 2024 The wealth management business of BMO, the eighth-largest bank in North America, with $1.4 trillion in assets, has reported some internal movement among its key staff members.