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Due Diligence Does Not End at the Signing of the Selling Agreement

by Kemp H. Hanley

I’ve always been a big proponent of ongoing due diligence coverage on direct participation programs. Back when I was an assistant portfolio manager for a large mutual fund company, our coverage of a company certainly didn’t stop after the buy trade was processed. Later, as a product sponsor in[...]

Filed Under: Due Diligence, Best Business Practices

FactRight's Kathryn Stephany Promoted to General Counsel

by Jessica Ryan

FactRight is pleased to announce the promotion of Kathryn Stephany to General Counsel. In her expanded role, Kate will oversee FactRight's legal, IT, and HR departments while leading and supporting FactRight's operational due diligence engagements.

Filed Under: About FactRight

Fulfilling Your Fiduciary Responsibility—So You’re Saying There’s a Chance!

by Russell Putnam

Today, we’re talking about a place where the due diligence knowledge flows like wine, where the RIAs instinctively flock like the salmon of Capistrano. Are we talking about a little place called Aspen? No. We’re talking about the Fulfilling Your Fiduciary Responsibility—Research and Due[...]

Filed Under: Due Diligence, Best Business Practices

FactRight Appoints Gail Schneck CEO, Announces Ownership Changes

by FactRight

FactRight is pleased to announce that key members of our senior management team have purchased the company. The new owners are also assuming new leadership roles within the company:

Filed Under: About FactRight

Kevin Kirkeby Promoted to Manager

by FactRight

FactRight is pleased to announce the promotion of Kevin Kirkeby to Manager. In his expanded role, Kevin will oversee ongoing coverage of public, non-traded program reporting, while continuing to support FactRight’s new offering engagements.

Filed Under: About FactRight

Why Force Majeure is Impacting Alternative Investments to Industry Events

by Kate Stephany

Trigger warning: use of the phrase "unprecedented times." Remember precedented times? Yeah, me neither.

You were all set to go to that due diligence meeting or industry conference in March or April. Plane and hotel booked. Then, it all changed. I bet that until mid-March, you never thought about[...]

Filed Under: Best Business Practices, Alternative Investments, Legal and Regulatory, Best Practices

Additional Relief for Qualified Opportunity Funds and their Investors

by Russell Putnam

A few weeks ago we posted about Qualified Opportunity Funds (QOFs) in a COVID-19 World. We covered capital raise considerations, due diligence questions, and steps that the Federal government has taken to support QOFs and QOF investors. Last week the IRS released Notice 2020-39, which provides[...]

Filed Under: Alternative Investments, Qualified Opportunity Funds, QOZ Funds

Multifamily DST Distributions During a Pandemic

by Brandon Raatikka

By now, you may have heard that May rent collections have been stronger than many analysts expected, at least for some real estate asset classes. For multifamily properties—the kind that is most commonly subject to master leases in DST investment programs—rent collections as of the 13th of the[...]

Filed Under: Alternative Investments

Alternative Ramblings: Pandemic Edition, Part 7

by Jacob Heidkamp

The latest Department of Labor print highlights 3 million in new unemployment claims filed in the last week bringing the cumulative total to over 36 million in the past two months.  Goldman Sachs forecasts that the unemployment rate will peak at 25%, rivaling the worst period of the Great[...]

Filed Under: Alternative Investments

COVID-19 and Multifamily Real Estate: May Update

by Vince Brady

Although the full impacts of the COVID-19 pandemic on multifamily real estate have yet to be realized, early indications reveal a number of near-term challenges.  This follow-on post updates FactRight’s analysis of the emerging trends that are sure to impact multifamily investment programs.

Filed Under: Alternative Investments