Griffin-American Healthcare REIT III reported $28.3 million in funds from operations for the first quarter, a 19.3% year-over-year increase. Meanwhile, net income and net operating income totaled $8.4 million and $51.6 million, respectively.
NorthStar/RXR New York Metro Real Estate has appointed three independent directors to a committee established to investigate strategic alternatives. The publicly registered nontraded REIT will consider raising capital, restructuring, pursuing a merger and other options.
There are several areas in which advisors may want to rethink the way they communicate certain things to clients or prospects, writes Bryce Sanders of Perceptive Business Solutions. He offers 10 tips for discussing fees, referrals and potentially leaving an advisor, among others.
Participants in a recent financial-technology think tank discussed challenges associated with advisor technology utilization. Potential solutions to adoption challenges included ongoing coaching from technology vendors and designating a "technology guru" in the office who can help make sure co-workers are getting the full value of the tools.
Choosing new technology to increase a firm's productivity requires doing some research on your own or with a technology consultant, writes consultant Angie Herbers. She cautions that owners should always include employees in decisions about new technology before implementation.
A Tennessee law that goes into effect in 2019 adds many new requirements for wind energy facilities. Among them is a requirement that owners of wind farms higher than 200 feet post a surety bond to cover estimated decommissioning costs.
Changes to Ontario's Construction Act will mean changes for construction liens, holdbacks and trust funds, experts say. Owners, their staff and their consultants will need training about the new act's requirements, including publishing public notices if parties are not paid or if they're fired, according to an expert.
The use of public-private partnerships is on the rise across the US, which is good for states and cities, experts say. Public-private partnerships allow state and local governments to improve infrastructure building and repairs, experts say.
A three-judge panel of the US Court of Appeals for the 5th Circuit has voted 2-1 to reject a request by California, Oregon and New York to reconsider a decision denying them intervention in a case regarding the legality of the Labor Department's fiduciary rule. The states' attorneys general said they wanted to join the case because the federal government is not defending the rule.
American Equity Investment Life Holding has received a takeover offer and is reviewing a possible sale, sources say. The company is a major provider of fixed-index and fixed-rate annuities in the US.