The DI Wire’s Post

Silver Star Properties REIT, a publicly registered non-traded real estate investment trust formerly known as Hartman Short Term Income Properties XX Inc., announced its latest update in the ongoing litigation between Silver Star and its former chief executive officer, Allen R. Hartman. Silver Star Properties REIT, Inc. Gerald Haddock #alts #alternativeinvestments #RIA #brokerdealer #registeredinvestmentadviser #adviser #brokerdealer #SilverStar #SilverStarPropertiesREIT #RealEstateInvestmentTrust #Hartman #AllenHartman #litigation

Applicants Fidelity Diversifying Solutions LLC and Fidelity Distributors Company LLC are seeking approval from the U.S. Securities and Exchange Commission to advance Fidelity Floating Rate Opportunities Fund – a newly organized Delaware statutory trust that will be registered under the Investment Company Act of 1940 as a diversified, closed-end management investment company and will be operated as an interval fund. Fidelity Investments #FidelityFloatingRateOpportunitiesFund #intervalfund #Fidelity #DST #Delawarestatutorytrust #commonshares #sharerepurchaseprogram #SEC #SecuritiesandExchangeCommission

On June 27, 2024, the Supreme Court affirmed a fundamental principle that we, as Americans, should all hold dear: the Constitution is the supreme law of the land. In the case of SEC v. Jarkesy, the court ruled 6-3 against the SEC, stating that the commission’s internal tribunals violate the Constitution and that the Seventh Amendment does, in fact, entitle a defendant to a jury trial. The DI Wire Spotlight Marketing Communications Damon Elder #AlternativeInvestments #Alts #Investments #InvestmentAdvice #Constitution #DamonElder #Gorsuch #InsightsFromthePublisher #Jarkesy #jurytrial #SEC #SecuritiesandExchangeCommission #SeventhAmendment #Sotomayor #SupremeCourt

Policymakers are weighing in this morning on the final “Retirement Security Rule: Definition of an Investment Advice Fiduciary” and the related amended exemptions – all of which expand the types of advice that must meet a fiduciary standard. #DepartmentofLabor #DOL #fiduciaryrule #registeredinvestmentadviser #RIA #IRI #InsuredRetirementInstitute #HouseAppropriationsCommittee #retirementsecurityrule #fiduciarystandard

Coldstream Capital Management Inc. has combined with Arnerich Massena Inc., a Portland, Ore.-based investment advisory firm managing approximately $2 billion in client assets. Coldstream Capital Management Inc. Arnerich Massena, Inc Reegan Rae, CPWA® Bryan Shipley, CFA, CAIA Kevin Fitzwilson #ColdstreamCapitalManagement #ArnerichMassena #Coldstream #wealthmanagement #financialservices #merger #acquisition #legacyplanning #familygovernance #TeamRae #Oregon

Financial adviser W. Scott Hengerer, CMFC, CRPC, recently joined LPL Financial’s broker-dealer, registered investment adviser, and custodial platforms to launch independent practice James River Private Wealth. He reported serving approximately $160 million in advisory, brokerage and retirement plan assets and joins LPL from Ameriprise. LPL Financial Ameriprise Financial Services, LLC Martha Kerr Scott Posner #financialservices #wealthmanagement #LPLFinancial #Ameriprise #assetmanagement #taxplanning #retirementincomestrategies #JamesRiverPrivateWealth #Virginia

SAFStor, a national developer of Class A self-storage, announced the launch of its latest Regulation D 506(c) offering: SAFHarbor Opportunity Fund LLC. The fund intends to raise $23 million from accredited investors for the development of three self-storage facilities in strategic locations across the United States. SAFStor, Inc. SAFHarbor Andrew Young #SAFStor #SAFHarborOpportunityFund #selfstorage #Texas #Pennsylvania #Connecticut #accreditedinvestors #selfstoragefacility #equityraise #capitalraise #opportunityfund #CubeSmart #ExtraSpaceStorage

Since September 2021, Publius has appeared in these columns as an anonymous critic of the U.S. Securities and Exchange Commission’s continuous regulatory overreach. From the commission’s whistleblower program to its internal failures, the columns have endeavored to expose the hypocrisy and inequality fostered by the SEC Enforcement Division. Many readers have shared their experiences and thoughts on the SEC, reinforcing the need for transparency and accountability. Today, I reveal my identity as Thomas J. Powell, one of the many individuals unjustly impacted by the SEC’s unconstitutional policies. #alternativeinvestments #SEC #SecuritiesandExchangeCommission #ThomasPowell #NewCivilLibertiesAlliance #NCLA #lawsuit #GagRule #FirstAmendment #Constitution #TheCapeGazette #ReasonFoundation #legaloverreach #democracy #BillofRights #freespeech #accountability

Private real estate investment manager Griffin Capital Company LLC recently sold Heritage on the Merrimack Apartments, a 240-unit multifamily community located in Bedford, N.H., for over $80 million. Griffin Capital Company, LLC Paul De Martini Nick Rosenthal #alternativeinvestments #GriffinCapital #Heritage #multifamily #Bedford #NewHampshire #DST #Delawarestatutorytrust #sale #annualizedreturn #nettotalreturn

Investment banking firm Robert A. Stanger & Co., Inc. has upgraded its rating for KKR Real Estate Select Trust Inc., to overweight. Robert A. Stanger & Company, Inc. Starwood Capital Group Randy Sweetman Michael Covello, MBA Michael O'Neil #Stanger #alternativeinvestments #realestateinvestmenttrust #REIT #KKRRealEstateSelectTrust #KREST #redemptionrequests #rating #overweight #shareholderpriorityplan #residential #industrial #office #WestCoast #Starwood #SREIT #liquidity