Interval Funds are Proving a Hit With Advisors April 10, 2017 | by Murray Coleman | Financial Advisor IQ Bond fund manager Pimco has launched an interval fund that’s proving to be a hit with institutional fixed income investors. Categorized by regulators as a cousin to closed-end funds, the new offering has registered to raise $1 billion.…

Republican Tax Reform Plan Puts 1031 Exchanges On The Chopping Block April 18, 2017 | by Travis Gonzalez | BizNow In June 2016, while Americans were focused on the presidential election, a Republican task force unveiled a 35-page blueprint for tax reform. Dubbed “A Better Way,” the reform attempts to overhaul tax policy and to…

Sierra Income Corporation Announces Q2 2017 Distributions April 13, 2017 | by BUSINESS WIRE  NEW YORK—(BUSINESS WIRE)—Sierra Income Corporation (“Sierra” or the “Company”) today announced that its Board of Directors declared a series of semi-monthly distributions for April, May and June 2017 of $0.02667 per share. Stockholders of record as of each respective record date will…

Dividend Capital DPF Appoints Dwight Merriman III as CEO April 19, 2017 | by James Sprow | Blue Vault The board of directors of Dividend Capital Diversified Property Fund Inc. appointed Dwight Merriman III to serve as Chief Executive Officer effective on April 13, 2017. The board also appointed Rajat Dhanda to serve as President…

Behringer Harvard Opportunity REIT I Agrees to Sell Frisco, Texas, Multifamily Community April 19, 2017 | by James Sprow | Blue Vault On April 10, 2017, Behringer Harvard Opportunity REIT I, Inc., through an indirect 90%-owned subsidiary, entered into an agreement to sell the 275-unit multifamily community in Frisco, Texas to an unaffiliated third party for a…

NorthStar Real Estate Income Trust Announces $9.92 NAV April 18, 2017 | by James Sprow | Blue Vault On April 11, 2017, the board of directors of NorthStar Real Estate Income Trust (“NorthStar Income”), including all of its independent directors, approved and established an updated estimated value per share of NorthStar Income’s common stock of…

Sam Zell on why interest rates need a “shot clock” April 6, 2017 | by E.B. Solomont | TheRealDeal From TRD New York: Sam Zell is tired of waiting for Godot. Raise those damn interest rates already, he says. “The kinds of interest rates we’ve had are like basketball without a shot clock,” the billionaire chairman of Equity…

Nontraded BDCs post a 12.95% total return for 2016, beating the S&P 500 April 17, 2017 | Blue Vault Nontraded BDCs have had one of the best years yet, even in the midst of sluggish capital raise. The average nontraded BDC total return in 2016 was 12.95%, with the highest performer producing a 28% gain.…

Financial Choice Act to Be Reintroduced by End of April Latest iteration of Choice Act still requires DOL to promulgate fiduciary rule similar to SEC's April 12, 2017 | by Melanie Waddell | ThinkAdvisor Rep. Jeb Hensarling’s Financial Choice Act, which seeks to gut the Dodd-Frank Act and is set for release by the end of April,…