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The Parking REIT, a non-traded REIT formed in December 2017 by the merger of MVP REIT and MVP REIT II, invests primarily in parking lots and garages in the United States. Investors who bought into The Parking REIT may have suffered losses due to illiquidity, lack of transparency in valuation, and substantial conflicts of interest. […]
Blackstone Inc. limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday following a surge in redemption requests related to BREIT. This decision to halt redemptions comes at a time when investors are increasingly anxious about the stability of real estate investments, particularly in an economic climate marked by rising interest […]
FINRA fines Wedbush Securities for misrepresentations regarding payments on certain bonds and for failing to deliver required disclosures to thousands of the firm’s customers. The Los Angeles-based wealth management, brokerage and clearing firm, which has 540 registered individuals in 40 branches nationwide, agreed to pay the fines and be subject to censure without admitting or […]
Spring Hills Holdings, LLC Investment Review Spring Hills Holdings, LLC is a health care owner-operator offering a “senior care investment opportunity,” according to the DI Wire. The company filed a Form D to raise capital from investors in 2017, with a total offering amount of $25,000,000, as per SEC filings. Additional offerings followed. Spring Hills […]
On April 20, 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. This filing came after the company defaulted in February 2022 on life-settlement backed bonds amounting to $1.6 billion. The default has raised concerns regarding the financial stability of the company and […]