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Wealth Management
Top stories summarized by our editors
1/13/2022

Inland Private Capital has received $37 million from the sale of eight properties leased to Walgreens. The sale, which involves properties in four states, comes on behalf of Pharmacy Sale Leaseback II DST, a Delaware statutory trust offering, and brings a total return of 156.61%.

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The DI Wire
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Walgreens
1/13/2022

Capital Square 1031 has purchased a 234-unit apartment community built last year in Commerce, Ga. The acquisition comes on behalf of CS1031 Capstone at Banks Crossing Apartments DST, a Delaware statutory trust offering that aims to raise $32 million.

1/13/2022

Net-Leased Portfolio 5 DST, a Delaware statutory trust offering from ExchangeRight, has gone full cycle, producing a total return of 157.08%. The offering had a $13 million fundraising goal and involved 14 properties in seven states, with those properties leased mostly to retailers.

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The DI Wire
1/13/2022

Life insurers and risk modelers are looking ahead as they seek to gauge the pandemic's potential impact on mortality and claims. "We would expect to see some medium-term (impact on claims) of five to 10 years," said Marianne Purushotham, LIMRA's chief actuary.

1/13/2022

Working with financial advisors can help people determine how to pass business operations on to the next generation, said Finseca CEO Marc Cadin. "I strongly encourage anyone going through this process to engage someone to help them make good decisions that are objective and thought about through the long term," Cadin said.

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Brownfield
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Cadin
1/13/2022

A recent private letter ruling highlights a situation involving a drafting error for a trust, a subsequent judicial modification and a decision to allow a reverse qualified terminable interest property election on an estate tax return.

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WealthManagement
1/13/2022

The Biden administration is still looking for ways to implement parts of the Build Back Better legislation, although the provisions may not necessarily be wrapped into that specific package, said Cecilia Rouse, chair of Biden's Council of Economic Advisers. In a recent policy note, Isaac Boltansky of BTIG noted that "we continue to believe a $1T+ package is probable."

1/13/2022

Audits of technology providers, firm processes and the content on your firm's website are among five exercises that set the stage for progress in 2022, writes Penny Phillips of Journey Strategic Wealth.

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WealthManagement
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Journey Strategic Wealth
1/13/2022

In some cases, family wealth transfers fail because of a lack of communication, even if an estate plan is in place. "When families leave important conversations about the family wealth unaddressed, negative emotions tend to gain mass over time and degrade trust," writes Amy Castoro of The Williams Group.

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WealthManagement
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The Williams Group
1/13/2022

It might be time to rethink traditional ideas about portfolio allocation given the current state of high inflation and the likelihood of interest-rate hikes in the near future. One strategy involves segmenting a portfolio into three parts, with the long-term portion weighted toward stocks.

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Acorns Grow