Blackstone Real Estate to take AIR Communities private for approximately $10b by Andrea Zander | Apr 9, 2024 Blackstone Real Estate Partners X has plans to acquire all outstanding common shares of Apartment Income REIT.
Understanding Virtú Investments’ newest platform, VRX, with CEO Mike Green by Lewis Dayton | Apr 9, 2024 Virtú Investments, a multifamily real estate investment firm primarily engaged in the acquisition and management of apartment properties in the western United States, has announced the launch of VRX, an innovative platform that allows property owners to defer taxes on real estate sales proceeds and invest alongside the Virtú Evergreen Fund, a professionally managed multifamily fund built for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity.
Ketan Shah made chief strategy officer at Mesirow by Released | Apr 9, 2024 Mesirow, an independent, employee-owned financial services firm, has announced the promotion of Ketan Shah to chief strategy officer. In this newly created role, Shah will partner closely with Mesirow’s CEO, board of directors and leadership team to develop and implement the firm’s strategic growth plans.
Rob Pettman leaves LPL Financial by Andrea Zander | Apr 9, 2024 Rob Pettman, an executive vice president and head of wealth management solutions at LPL Financial, has left the firm after 17 years, according to a post on LinkedIn.com.
Chicago Atlantic closes $20m facility with Nova Farms by Andrea Zander | Apr 9, 2024 Chicago Atlantic has closed a $20 million facility in senior secured financing to Nova Farms, a fully integrated cannabis operator managing a Massachusetts cultivation farm, seven retail brands and five full-service dispensaries across Massachusetts, Maine and New Jersey.
Capital Square appoints Drew Jackson as chief distribution officer by Andrea Zander | Apr 9, 2024 Capital Square has promoted Drew Jackson to chief distribution officer. In his new role, Jackson will oversee the distribution of Capital Square's investment offerings and will lead the firm's training and education initiative.
Jamie Downing joins bfinance as global head of client consulting by Lewis Dayton | Apr 9, 2024 Jamie Downing has been appointed as global head of client consulting at bfinance, the independent investment consulting firm.
Senior housing occupancy increases for 11th consecutive quarter by Released | Apr 8, 2024 The senior housing occupancy rate for the 31 NIC MAP Primary Markets increased 0.5 percentage points from 85.1 percent in the fourth quarter of 2023 to 85.6 percent in the first quarter of 2024, according to data released by NIC MAP Vision and analyzed by the National Investment Center for Seniors Housing & Care (NIC). The occupancy rate has increased 7.8 percentage points from a pandemic-related low of 77.8 percent in second quarter 2021, bringing occupancy to within 1.5 percentage points of the pre-pandemic level of 87.1 percent in first quarter 2020.
99 Cents Only Store faces closure as another expands: Is the discount store category winding down or booming? by Andrea Zander | Apr 8, 2024 Number Holdings, the direct parent company of 99 Cents Only Stores, one of the nation’s major dollar store chains, has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to implement the previously announced orderly wind-down of its business and pursue a value-maximizing sale of its real estate and other assets.
Wealth Enhancement Group announces three key leadership appointments by Released | Apr 8, 2024 Wealth Enhancement Group, a national independent wealth management firm, has announced three key leadership appointments, continued growth in strategic markets nationwide and the surpassing of $81 billion in client assets. Wealth Enhancement ranked fifth on Barron's list of Top 100 RIAs and has increased its ranking on the list for four consecutive years while maintaining a 97 percent client retention rate.