Fewer cases and smaller penalties, but more money back to investors. That is the shape of the SEC’s fiscal 2026 enforcement results.
Civil penalties fell to $343 million from $1.3 billion, while the agency returned $731 million to harmed investors and added units targeting ting misconduct.
The agency’s case list carries a message for advisers who recommend private offerings. In one settled order, a North Carolina adviser representative steered clients into more than $50 million of private real estate deals. He collected nearly $1.5 million from the sponsors and did not adequately disclose it. In another, the SEC censured the manager of a set of tender-offer funds that lost about $300 million after a liquidation deal went wrong.
Our breakdown of what the numbers and the cases mean for alts: altswire.com/sec-enforcemen…
#SEC #AlternativeInvestments #Compliance
Civil penalties fell to $343 million from $1.3 billion, while the agency returned $731 million to harmed investors and added units targeting ting misconduct.
The agency’s case list carries a message for advisers who recommend private offerings. In one settled order, a North Carolina adviser representative steered clients into more than $50 million of private real estate deals. He collected nearly $1.5 million from the sponsors and did not adequately disclose it. In another, the SEC censured the manager of a set of tender-offer funds that lost about $300 million after a liquidation deal went wrong.
Our breakdown of what the numbers and the cases mean for alts: altswire.com/sec-enforcemen…
#SEC #AlternativeInvestments #Compliance
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Bluerock Value Exchange has fully subscribed BR Parkview Multifamily DST, raising $39.4 million in equity from accredited investors for a newly built, 264-unit Class A apartment community in Gwinnett County, Georgia, in the Atlanta metro.
Including loan proceeds, the offering erty value of about $78 million, according to the company. The close comes about 10 months after the offering launched in January.
Full story on AltsWire: altswire.com/bluerock-value…
#DST #1031Exchange #Multifamily
Including loan proceeds, the offering erty value of about $78 million, according to the company. The close comes about 10 months after the offering launched in January.
Full story on AltsWire: altswire.com/bluerock-value…
#DST #1031Exchange #Multifamily
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LODAS Markets has hired Altigo founder Mat Dellorso as managing director and Phoenix American veteran Tony Olivo as executive vice president of fund solutions.
Dellorso will work on bringing more investors, advisers, and fund managers onto the LODAS secondary marketplace. Olivo ansfer agent business, which already counts 50 Cantor Fitzgerald funds, and help build a fund administration offering.
Full story on AltsWire: altswire.com/lodas-markets-…
#AlternativeInvestments #SecondaryMarket #TransferAgent
Dellorso will work on bringing more investors, advisers, and fund managers onto the LODAS secondary marketplace. Olivo ansfer agent business, which already counts 50 Cantor Fitzgerald funds, and help build a fund administration offering.
Full story on AltsWire: altswire.com/lodas-markets-…
#AlternativeInvestments #SecondaryMarket #TransferAgent
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ExchangeRight has fully subscribed Essential Income 10 DST, a $30.68 million unleveraged portfolio of four net-leased properties across Arkansas, Illinois, Iowa, and Oklahoma. The offering carries a 5.35% current cash flow rate, and after a targeted two-year hold, investors are Essential Income REIT through a 721 exchange.
ExchangeRight ranks third among DST sponsors through October, with roughly $694.7 million raised, according to Mountain Dell Consulting. Read the full story on AltsWire: altswire.com/exchangeright-…
#1031Exchange #721Exchange #NontradedREIT
ExchangeRight ranks third among DST sponsors through October, with roughly $694.7 million raised, according to Mountain Dell Consulting. Read the full story on AltsWire: altswire.com/exchangeright-…
#1031Exchange #721Exchange #NontradedREIT
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Two numbers from BREIT's third quarter are pulling in opposite directions. Impairment charges climbed to $496.7 million, from $27.4 million a year earlier, as Blackstone's nontraded REIT reset cash flow assumptions on rental housing, office, and single-family rental properties it the same time, money is coming back. BREIT took in more capital than it paid out in repurchases, met every repurchase request it received, and saw Class I NAV rise to $14.65. Repurchases dropped month by month through the quarter and came to 1.6% of NAV.
What's driving the split is a portfolio being rebuilt around QTS data centers, with $3.4 billion more invested in Q3 alone. Read more on AltsWire: altswire.com/breit-impairme…
#NontradedREIT #ImpairmentCharges #DataCenters
What's driving the split is a portfolio being rebuilt around QTS data centers, with $3.4 billion more invested in Q3 alone. Read more on AltsWire: altswire.com/breit-impairme…
#NontradedREIT #ImpairmentCharges #DataCenters
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One wording error in a procedures update can cost a firm 88 late SARs.
Citigroup Global Markets' compliance team proposed escalating every potential fraud event in its retail wealth division, regardless of whether money was lost. What went live, because of an employee's error, d or losses first. From January 2022 through February 2023, that gap delayed the escalation of 171 potential fraud events to the people who file suspicious activity reports.
FINRA has now censured the firm and fined it $250,000. Citi caught the error itself, self-reported, and filed the delayed reports, which FINRA weighed in its favor.
Read more on AltsWire: altswire.com/finra-fines-ci…
#FINRA #AML #Compliance
Citigroup Global Markets' compliance team proposed escalating every potential fraud event in its retail wealth division, regardless of whether money was lost. What went live, because of an employee's error, d or losses first. From January 2022 through February 2023, that gap delayed the escalation of 171 potential fraud events to the people who file suspicious activity reports.
FINRA has now censured the firm and fined it $250,000. Citi caught the error itself, self-reported, and filed the delayed reports, which FINRA weighed in its favor.
Read more on AltsWire: altswire.com/finra-fines-ci…
#FINRA #AML #Compliance
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Griffin Capital has bought 9.8 acres in Flower Mound, Texas, for Lakeside East, a planned 132-unit build-to-rent townhome community.
The purchase was made on behalf of Griffin Capital Residential Partners, the firm's dedicated build-to-rent platform. The site, which will be the ound-up project, sits within Lakeside Village, a master-planned community on Grapevine Lake in the Dallas-Fort Worth area. The deal comes less than two weeks after Griffin fully subscribed a $23.5 million Delaware statutory trust for Meadow+Main, a 138-unit build-to-rent community near Tulsa.
Read more on AltsWire: altswire.com/griffin-capita…
#BuildToRent #RealEstate
The purchase was made on behalf of Griffin Capital Residential Partners, the firm's dedicated build-to-rent platform. The site, which will be the ound-up project, sits within Lakeside Village, a master-planned community on Grapevine Lake in the Dallas-Fort Worth area. The deal comes less than two weeks after Griffin fully subscribed a $23.5 million Delaware statutory trust for Meadow+Main, a 138-unit build-to-rent community near Tulsa.
Read more on AltsWire: altswire.com/griffin-capita…
#BuildToRent #RealEstate
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Nuveen Global Cities REIT raised $63.1 million through its Delaware statutory trust program in the third quarter. That is more than half of the $119.8 million the program has raised since it launched in June 2025.
The 1031 DST program, authorized to raise up to $3 billion, gives rtnership an option to roll DST interests into OP units after two years. The nontraded REIT also met all $52.9 million in repurchase requests in the quarter, and Class I NAV stood at $11.20 per share as of Sept. 30.
Full story on AltsWire: altswire.com/nuveen-global-…
#DST #1031Exchange #NontradedREIT
The 1031 DST program, authorized to raise up to $3 billion, gives rtnership an option to roll DST interests into OP units after two years. The nontraded REIT also met all $52.9 million in repurchase requests in the quarter, and Class I NAV stood at $11.20 per share as of Sept. 30.
Full story on AltsWire: altswire.com/nuveen-global-…
#DST #1031Exchange #NontradedREIT
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Meridian Capital Solutions has launched a $14 million Reg D 506(c) offering to fund The Grove on Monroe, a 43-unit build-to-rent townhome community in Apopka, Fla., northwest of Orlando.
It is Meridian's first sponsored offering in the retail channel. Full story on AltsWire: altswire.com/florida-builde…
#BuildToRent #PrivatePlacement #RealEstate #BrokerDealer
It is Meridian's first sponsored offering in the retail channel. Full story on AltsWire: altswire.com/florida-builde…
#BuildToRent #PrivatePlacement #RealEstate #BrokerDealer
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This week’s AltsWire Directory Sponsor Spotlight features FactRight, an independent due diligence firm helping broker-dealers, RIAs, and family offices evaluate alternative investments.
From DSTs and private real estate to private equity and private credit, FactRight provides search, risk management solutions, and advisor testing services to support informed investment decisions.
Explore FactRight’s AltsWire directory profile to learn more. altswire.com/directory/fact…
#FactRight #DueDiligence #AlternativeInvestments #WealthManagement #AltsWire
From DSTs and private real estate to private equity and private credit, FactRight provides search, risk management solutions, and advisor testing services to support informed investment decisions.
Explore FactRight’s AltsWire directory profile to learn more. altswire.com/directory/fact…
#FactRight #DueDiligence #AlternativeInvestments #WealthManagement #AltsWire
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Vital Capital Partners has launched Vital Capital Medical – Liberty OH DST, seeking approximately $15.4 million in equity from accredited investors. The Delaware statutory trust owns a 36-bed inpatient rehabilitation hospital in Liberty Township, Ohio, north of Cincinnati. The in 2021 and is leased to a national rehab operator the company did not name. It is the sponsor’s second rehab hospital DST this year.
More at AltsWire: altswire.com/vital-capital-…
Vital Capital Partners Thuy Turner #DST #1031Exchange #HealthcareRealEstate
More at AltsWire: altswire.com/vital-capital-…
Vital Capital Partners Thuy Turner #DST #1031Exchange #HealthcareRealEstate
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Five months after closing its Pathway Capital Management acquisition, Clearlake is putting the deal to work in the wealth channel.
The firm has launched Clearlake Private Wealth and filed for its first product, a PE secondaries interval fund expected to open in early 2027. am will do most of the sourcing, and the fund will make semiannual 5% repurchase offers.
AltsWire breaks down the fee table, share classes, and liquidity terms: altswire.com/clearlake-taps…
#PrivateMarkets #IntervalFund #Secondaries
The firm has launched Clearlake Private Wealth and filed for its first product, a PE secondaries interval fund expected to open in early 2027. am will do most of the sourcing, and the fund will make semiannual 5% repurchase offers.
AltsWire breaks down the fee table, share classes, and liquidity terms: altswire.com/clearlake-taps…
#PrivateMarkets #IntervalFund #Secondaries
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"The key question now is whether NAVs can remain stable as continued redemption pressure tests sponsors' ability to generate liquidity through portfolio realizations."
That's Stanger chairman and CEO Kevin T. Gannon on the nontraded BDC market, which saw $4.1 billion in net aising fell to its lowest level since 2020.
We highlight Stanger’s latest data at AltsWire: altswire.com/nontraded-bdc-…
#NontradedBDC #PrivateCredit #Fundraising
That's Stanger chairman and CEO Kevin T. Gannon on the nontraded BDC market, which saw $4.1 billion in net aising fell to its lowest level since 2020.
We highlight Stanger’s latest data at AltsWire: altswire.com/nontraded-bdc-…
#NontradedBDC #PrivateCredit #Fundraising
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Connetic Venture Capital Access Fund, a $43.6 million interval fund that invests in early-stage private companies, plans to convert into two private funds and has halted sales to new investors.
Shareholders will vote Dec. 18 on ending the fund's quarterly repurchase offers, ’40 Act, and redeeming holders who aren't eligible for the private vehicles. The fund returned negative 3.07% in its fiscal year ended March 31.
Full story on AltsWire: altswire.com/connetic-inter…
#IntervalFund #VentureCapital #PrivateMarkets
Shareholders will vote Dec. 18 on ending the fund's quarterly repurchase offers, ’40 Act, and redeeming holders who aren't eligible for the private vehicles. The fund returned negative 3.07% in its fiscal year ended March 31.
Full story on AltsWire: altswire.com/connetic-inter…
#IntervalFund #VentureCapital #PrivateMarkets
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Thirdline Real Estate Income Fund (TREIX) becomes Northmarq Real Estate Income Fund (NREIX) on Dec. 1. On the same day, a roughly 1-for-3 reverse split resets NAV per share from about $8.35 to $25.
The interval fund launched at $10 a share in September 2021 and had $58.5 million 31. It posted a −0.55% total return for its latest fiscal year, after markdowns and nonaccruals on several private real estate positions. Northmarq bought the fund's adviser in September. The advisory fee stays at 0.98%, and portfolio manager Charles Hutchens stays on.
Full story: altswire.com/thirdline-inte…
#IntervalFund #PrivateCredit #Northmarq
The interval fund launched at $10 a share in September 2021 and had $58.5 million 31. It posted a −0.55% total return for its latest fiscal year, after markdowns and nonaccruals on several private real estate positions. Northmarq bought the fund's adviser in September. The advisory fee stays at 0.98%, and portfolio manager Charles Hutchens stays on.
Full story: altswire.com/thirdline-inte…
#IntervalFund #PrivateCredit #Northmarq
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AssetMark has hired a private markets product veteran to lead its next phase.
Kate Winters, who ran investment product strategy at LPL Financial, including its private markets shelf, is now AssetMark's head of investment platforms and solutions. Her mandate covers RIA, vate markets growth as AssetMark moves beyond its roots as a turnkey asset management platform.
The full story is on AltsWire: altswire.com/assetmark-taps…
#WealthManagement #PrivateMarkets #ExecutiveMoves
Kate Winters, who ran investment product strategy at LPL Financial, including its private markets shelf, is now AssetMark's head of investment platforms and solutions. Her mandate covers RIA, vate markets growth as AssetMark moves beyond its roots as a turnkey asset management platform.
The full story is on AltsWire: altswire.com/assetmark-taps…
#WealthManagement #PrivateMarkets #ExecutiveMoves
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Hamilton Point Investments has fully subscribed HPI Deer Creek DST, raising $27.9 million through broker-dealers and RIAs for Xenia Trails, a 312-unit apartment community outside Dayton, Ohio.
The DST is the sponsor’s 11th and its second this year, following HPI Farmhouse DST in s it has now raised nearly $150 million in DST equity since inception, more than $100 million of it since 2025, and it expects to bring more DSTs to market in 2027.
Read more in AltsWire: altswire.com/hamilton-point…
#DST #DelawareStatutoryTrust #1031Exchange #Multifamily #AlternativeInvestments
The DST is the sponsor’s 11th and its second this year, following HPI Farmhouse DST in s it has now raised nearly $150 million in DST equity since inception, more than $100 million of it since 2025, and it expects to bring more DSTs to market in 2027.
Read more in AltsWire: altswire.com/hamilton-point…
#DST #DelawareStatutoryTrust #1031Exchange #Multifamily #AlternativeInvestments
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KBS REIT III has extended two office loans totaling $455.2 million by only weeks, and one lender can now call its loan early.
· The $317.4 million Accenture Tower loan in Chicago now matures Dec. 17, with its spread up 25 basis points to SOFR + 325.
· The $137.8 million 03 Washington Boulevard in Arlington, Va., moves to Jan. 20, 2027, with no extensions left. Bank of America can accelerate it if a refinancing looks unlikely.
The nontraded REIT continues to report substantial doubt about its ability to continue as a going concern.
Full story on AltsWire: altswire.com/kbs-reit-iii-g…
#NontradedREIT #CommercialRealEstate #KBS
· The $317.4 million Accenture Tower loan in Chicago now matures Dec. 17, with its spread up 25 basis points to SOFR + 325.
· The $137.8 million 03 Washington Boulevard in Arlington, Va., moves to Jan. 20, 2027, with no extensions left. Bank of America can accelerate it if a refinancing looks unlikely.
The nontraded REIT continues to report substantial doubt about its ability to continue as a going concern.
Full story on AltsWire: altswire.com/kbs-reit-iii-g…
#NontradedREIT #CommercialRealEstate #KBS
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Medalist Diversified has launched its third DST offering, MDI Pilot Point Net Lease DST, a $6.24 million all-cash deal on a Caliber Collision facility north of Dallas.
The DST bought the property in September for about $5.4 million in cash, a 5.95% going-in cap rate. The to 2039, with 10% rent bumps every five years. It’s Medalist’s second straight debt-free deal. The company said financing a sub-6% cap rate at today’s rates would be negative leverage. Its Overland Park DST is 53% subscribed.
The bigger news: Medalist told AltsWire it plans to rebuild a net-lease REIT, with its DST properties rolling in through 721 exchanges after a two-year hold.
Full story on AltsWire: altswire.com/medalist-launc…
#DST #1031Exchange #NetLease
The DST bought the property in September for about $5.4 million in cash, a 5.95% going-in cap rate. The to 2039, with 10% rent bumps every five years. It’s Medalist’s second straight debt-free deal. The company said financing a sub-6% cap rate at today’s rates would be negative leverage. Its Overland Park DST is 53% subscribed.
The bigger news: Medalist told AltsWire it plans to rebuild a net-lease REIT, with its DST properties rolling in through 721 exchanges after a two-year hold.
Full story on AltsWire: altswire.com/medalist-launc…
#DST #1031Exchange #NetLease
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Medalist Diversified has launched its third DST offering, MDI Pilot Point Net Lease DST, a $6.24 million all-cash deal on a Caliber Collision facility north of Dallas.
The DST bought the property in September for about $5.4 million in cash, a 5.95% going-in cap rate. The to 2039, with 10% rent bumps every five years. It’s Medalist’s second straight debt-free deal. The company said financing a sub-6% cap rate at today’s rates would be negative leverage. Its Overland Park DST is 53% subscribed.
The bigger news: Medalist told AltsWire it plans to rebuild a net-lease REIT, with its DST properties rolling in through 721 exchanges after a two-year hold.
Full story on AltsWire: altswire.com/medalist-launc…
#DST #1031Exchange #NetLease
The DST bought the property in September for about $5.4 million in cash, a 5.95% going-in cap rate. The to 2039, with 10% rent bumps every five years. It’s Medalist’s second straight debt-free deal. The company said financing a sub-6% cap rate at today’s rates would be negative leverage. Its Overland Park DST is 53% subscribed.
The bigger news: Medalist told AltsWire it plans to rebuild a net-lease REIT, with its DST properties rolling in through 721 exchanges after a two-year hold.
Full story on AltsWire: altswire.com/medalist-launc…
#DST #1031Exchange #NetLease
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