CS1031 Promenade at Newnan Crossing Apartments DST, a Delaware statutory trust offering, has been introduced by Capital Square 1031. The offering aims to raise $30.3 million and involves a 298-unit property in Newnan, Ga.

Inland Real Estate Acquisitions has paid an undisclosed amount for an apartment community in Long Beach, N.Y. The oceanfront property has 109 units across 11 stories, after undergoing a five-year renovation after Superstorm Sandy.

Sean Raft of Urban Catalyst predicts the Opportunity Zone program is staying put, regardless of who wins the presidential election, but expects a revision under either administration. Former Vice President Joe Biden aims to limit 1031 exchanges, so Opportunity Zone investment could increase under a Biden administration as investors seek an alternative, Raft writes.

A new generation of leaders advocating for the financial-services industry is emerging, writes Dale Brown, president and CEO of the Financial Services Institute, which honored 20 of the rising advocates by naming them to FSI's inaugural Advocacy Circle of Excellence this summer. The determination of advisors and firms engaged in advocacy work has been "one of the most vital factors" in amplifying FSI's efforts and ensuring the industry's voice is heard on regulatory matters.

Financial advisors have been forced to alter their business development efforts during the coronavirus pandemic. Some have found success by increasing their digital marketing efforts while others are relying more on referrals from existing clients.

Bill Bengen, who came up with the 4% rule for retirement withdrawals, said it was a guideline and that he believes the safe withdrawal rate may be closer to 5% with today's low inflation. A Morningstar analysis showed a $1 million portfolio with a rigid 4% withdrawal rate would last approximately 38 years, but the length could decrease dramatically based on poor market performance.

The Social Security trust fund is forecast to be depleted by 2031, meaning future retirees are likely to see benefit cuts and/or tax increases, experts say. Financial advisors should stress-test portfolios based on current benefit levels for clients 50 and older and assume a 25% benefit cut for those younger than 50, they say.

The New York Metropolitan Transportation Authority's process for rating contractors' performance should undergo changes, said the MTA's Office of the Inspector General, expressing doubt that contractors have performed as well as their ratings indicate. A revised system should enable project managers to determine when a contractor's performance falls short of standards, and it also should allow agencies to gauge contractors' performance before awarding further contracts, the office said.

India's surety bond market needs strong legislation to bolster its development, according to a report from a working group of the Insurance Regulatory and Development Authority of India. Bonding would benefit project owners' reputations and offer them guarantees of success, the report says.

Financial planning firms that want to pursue a diversity, equity and inclusion strategy need to have a plan for implementing it, writes Lazetta Rainey Braxton of 2050 Wealth Partners. She recommends a firm grasp on why a plan is needed and an internal audit of employee culture.