Rafael Novales

An update by Robert A. Stanger & Co., Inc., on the 10 net asset value real estate investment trusts in its research coverage universe reveals a decline in share redemption requests since the May 2024 surge.

The advisers of Investment Advisors Financial Group have joined LPL Financial's broker-dealer, registered investment adviser, and custodial platforms. The team reported having served approximately $1 billion in advisory, brokerage and retirement plan assets and joins LPL from Osaic.

Leitbox Storage Partners, a self-storage investment and development platform based in Birmingham, Ala., has opened its latest development project in the 2400 block of Cherry Laurel Drive in Sanford, Fla. This three-story, fifth generation Leitbox Prototype with 87,600 net rentable square feet has 901 climate-controlled units in building A and eight jumbo (contractor) units in building B.

Ashford Inc. (NYSE American: AINC) has initiated its previously reported plans to delist its shares of common stock from trading on the New York Stock Exchange American.

Apollo Debt Solutions BDC, a non-traded perpetual-life business development company sponsored by affiliates of Apollo Global Management, reported that its monthly aggregate net asset value was $6.9 billion, as of June 30, 2024. This is compared to $6.3 billion the previous month, an increase of 9.52%.

In the ongoing dispute between the parties, NexPoint Real Estate Opportunities LLC sent proxy materials to fellow shareholders of United Development Funding IV – a non-traded real estate investment trust – regarding the upcoming 2024 annual meeting of UDF IV shareholders. NexPoint, which believes it is the largest shareholder of UDF IV with 1.7 million shares, has nominated four individuals to the UDF IV board of trustees who it believes will restore proper oversight of the company and advocate for shareholders' interests.

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