Capital Square keeps adding to its Texas active-adult DSTs. The latest, a $37.35 million all-cash offering, is backed by a 72-home cottage community in New Braunfels, one of the fastest-growing cities between San Antonio and Austin. This time the property is still filling up rather than stabilized. Capital Square said it was 91.7% leased in September, and co-chief executive officer Louis Rogers pointed to aging homeowners who are trading their houses for purpose-built rentals. Read more on AltsWire: altswire.com/capital-square-… #DST #1031Exchange #ActiveAdult #CapitalSquare

NexPoint Capital's NAV per share fell to $4.44 as of Sept. 30, down 5.1% from $4.68 at the end of August. Most of that drop came in the final eight days of the month. The nontraded BDC set NAV at $4.64 on Sept. 22, the day its latest 1% tender offer expired, then reported $4.44 at quarter-end. The company didn't give a reason in its filing. The decline wipes out most of the BDC's summer recovery and leaves NAV 16 cents below where it ended 2025. The board kept its quarterly distribution at 9 cents per share. Full story on AltsWire: altswire.com/nexpoint-capita… #NontradedBDC #PrivateCredit #NexPointCapital

Cottonwood Communities is cutting its payout. The multifamily nontraded REIT is trimming its distribution to $0.62 a year from $0.68. Its board says the move aligns payouts more closely with earnings and puts more emphasis on long-term appreciation. At the same time, Cottonwood secured a credit facility of up to $175 million from JPMorgan. The full story is on AltsWire: altswire.com/cottonwood-cuts… #NontradedREIT #Multifamily #DistributionReduction

Madison Capital Group has named Chris Best managing director to lead its push into the RIA and family office channels. Best brings more than two decades in capital formation and fund distribution, including more than 16 years at Sterling Capital Management and, most recently, a director role at Core Spaces. He’ll oversee capital raising, distribution strategy, and team development. Full story on AltsWire: altswire.com/madison-capital… #RIA #FamilyOffice #MadisonCapitalGroup

Last November, we reported on the launch of Continental Properties' Real Estate Development Fund IV, which was aiming to raise more than $200 million. The fund has now closed at $203 million. Continental expects the fund to build 10 to 15 suburban multifamily communities aimed at middle-income renters, with its capital invested by the end of 2027. The company said it has raised about $2 billion across its private real estate funds since late 2019. The full story is on AltsWire: altswire.com/continental-pro… #Multifamily #ContinentalProperties #PrivateRealEstate

Shareholders of Steele Creek Capital Corporation, a privately offered BDC managed by an affiliate of Moelis Asset Management, approved a plan on Oct. 13 to liquidate and dissolve the fund. The $49.8 million fund had already sold 164 broadly syndicated loans in August, or 75.8% of its portfolio, for about $73 million in gross proceeds. It also suspended new share sales. NAV was $8.48 per share as of June 30. The plan takes effect Dec. 1, and the company said it expects to make its final liquidating distribution by year-end. Full story on AltsWire: altswire.com/moelis-affiliat… #PrivateBDC #PrivateCredit #Liquidation

Three nontraded REITs paid every redemption request in the third quarter, and raised roughly six dollars for every dollar investors asked to take out. Ares Industrial Real Estate Income Trust, Ares Real Estate Income Trust, and Invesco Real Estate Income Trust together reported about $692 million in gross proceeds against about $117 million in redemption requests. All three satisfied requests in full. AIREIT nearly tripled its raise from the second quarter, to about $408 million, while requests fell to $76 million. AREIT's raise came down from a big second quarter, and its leverage rose to 35% after $1.1 billion in acquisitions. INREIT's $101.1 million quarter tripled its Q2 total, though the monthly pace slowed from July through September. Full story on AltsWire: altswire.com/ares-invesco-no… #NontradREIT #Ares #Invesco

Mill Green Opportunity Fund VI has sold the last of its seven multifamily development investments, completing the fund’s full cycle. The fund raised $48.2 million in 2021 and invested in projects across the Southeast. The company says it returned about 1.4x investor capital, with an IRR of nearly 13%, despite a tough stretch for multifamily and the capital markets. The final asset, a 352-unit community in Lawrenceville, Ga., sold in August for $67.2 million. Skyway Capital Markets, the fund’s managing broker-dealer, said Fund X is raising capital now and expects to start selling assets in 2029. Full story on AltsWire: altswire.com/mill-green-oppo… #Multifamily #OpportunityFund #FullCycle

When Brookfield launched its Alts Allocator last year, the modeling ran on iCapital's engine. StepStone is taking a different route. Its new Total Portfolio Allocator is built on SPI by StepStone, the firm's own private markets database, and is aimed at advisers, family offices, and DC plan administrators who want to see how private markets fit alongside a public portfolio. As more sponsors compete for adviser attention, the data behind the tool may matter as much as the funds being offered. Read more on AltsWire: altswire.com/stepstone-launc… #PrivateMarkets #ModelingTool #StepStone

New Mountain Net Lease Trust has agreed to buy 180 industrial net-leased properties for approximately $2.4 billion. The portfolio covers more than 18 million square feet leased to 39 tenants. The seller is New Mountain Net Lease Partners II, a private fund managed by an affiliate of the REIT’s adviser. The deal is larger than the REIT itself, which had $1.62 billion in total assets at midyear. After about $1.3 billion in assumed mortgage debt, roughly $1.1 billion would be funded through cash, new borrowings, and shares issued to seller-fund investors who choose to roll over. Learn more: altswire.com/new-mountain-pr… #IndustrialRealEstate #NontradedREIT #PrivatePlacement

“Capital is following performance into private equity and venture capital. The open question is how much of that performance reflects recent enthusiasm around AI.” – Kevin T. Gannon, Stanger Q3 2026 data on nontraded closed-end funds: · Aggregate NAV is $279B, up 6.7% QoQ · Tender offer funds grew 9.7%, while interval funds grew 3.9% · Credit interval fund redemptions have reached 79% of gross sales YTD, up from 26% Private credit still has positive net sales, but redemptions now take up most of what it raises. Read more on AltsWire: altswire.com/credit-interval… #PrivateCredit #PrivateEquity #IntervalFund

EQT is buying Stockbridge, a San Francisco-based real estate manager with about $16.5 billion in fee-generating AUM. EQT will pay $375 million in cash at closing, plus up to $175 million in earnouts through 2030. The deal brings Stockbridge’s open-ended core fund under EQT Real Estate. EQT says the fund ranks in the top 5% of its ODCE peer group over one, three, and five years. EQT plans to sell it to investors worldwide, especially in Europe and Asia. Stockbridge’s industrial outdoor storage and manufactured housing strategies also come with the deal. Full story on AltsWire: altswire.com/eqt-to-acquire-… #PrivateMarkets #MergersAndAcquisitions #CommercialRealEstate

ExchangeRight Essential Income REIT absorbed 79 properties from its sponsor's own DSTs in the first half of 2026, with a combined relative fair value of $333.2 million across four mergers. This month the REIT closed its acquisitions of Net-Leased Portfolio 51 and 53, two DSTs ExchangeRight sold to investors in 2022, in exchange for newly created operating partnership units. It also created a separate Class T unit to acquire one net-leased property from an unrelated third party. The NLP units carry no redemption rights unless the REIT grants them, and distributions are set at the general partner's discretion. The full story is on AltsWire: altswire.com/exchangeright-r… #DST #721Exchange #NontradedREIT

VestGen Wealth Partners launched in December 2024 with 10 advisory practices and $5.3 billion in assets. Less than two years later, the Chicago-based firm reports $8.5 billion after adding nine more practices, and it has now lined up growth capital from private credit manager Willow Tree Credit Partners to keep the acquisitions coming. Full story on AltsWire: altswire.com/vestgen-wealth-… #RIA #PrivateCredit #WealthManagement

A former nontraded interval fund, now listed on the NYSE, has started the countdown on its own term. Destra Multi-Alternative Fund (NYSE: DMA) began life as a nontraded interval fund. It still holds a portfolio built from the nontraded side of the market: as of March 31, private companies made up 32.4% of net assets, and alternative investment funds, including nontraded REITs and private funds, made up another 25.9%. This week the board authorized an open-market buyback for when shares trade below NAV. It also raised the monthly distribution to $0.1150, the fourth increase since March 2025. The fund has entered the measurement period that decides whether it continues past its March 31, 2027, termination date. What happens to illiquid, nontraded holdings when a fund's clock runs out? Full story on AltsWire: altswire.com/former-nontrade… #IntervalFund #WealthManagement #OpenMarketBuyback

Two reps filed disclosure forms for the same outside business. One called it an "aggregate mining company" with no investment purpose. The other called it investment related. According to FINRA, their firm, Vistia Capital, never asked why. The business was an affiliate of an issuer whose private placements the firm was selling. In another case, Vistia approved a rep's consulting work for an issuer while that rep recommended the same issuer's offerings to customers. The result: a censure, a $40,000 fine, and a 90-day remediation deadline. The case comes weeks after the SEC approved FINRA's new outside activities rule, which will replace Rules 3270 and 3280. Full story: altswire.com/finra-fines-vis… #FINRA #PrivatePlacements #BrokerDealer #Compliance

LPL Financial's October recruiting tally keeps climbing. Prince Financial Services, a Seattle practice that reports about $1 billion in advisory, brokerage, and retirement plan assets, has moved to LPL's broker-dealer, RIA, and custodial platforms from Northwestern Mutual. It's LPL’s third recruiting announcement in less than two weeks. Prince's five partners serve retirees, business owners, and technology professionals across the Pacific Northwest, and the team says every client relationship starts with a financial plan. Full story on AltsWire: altswire.com/lpl-financial-a… #LPLFinancial #WealthManagement #AdvisorRecruiting #RIA

Cohen & Steers Income Opportunities REIT has added $92.3 million in open-air shopping centers in less than two weeks. The nontraded REIT closed on Grand Canyon Crossing, a 309,000-square-foot Walmart Supercenter-anchored center in Phoenix, for $59.8 million on Sept. 25. On Oct. 8, it bought Manchester Village in Rock Hill, S.C., part of the Charlotte metro, for $32.5 million. Both are 99% occupied, and both deals went through its joint venture with The Sterling Organization. Full story on AltsWire: altswire.com/cohen-steers-no… #NontradedREIT #RetailRealEstate #Sunbelt

Crescent Private Credit Income Corp., a nontraded BDC with about $590.5 million in NAV, has a new interim CFO. Kirill Bouek, resigned effective Oct. 7. Gerhard Lombard, CFO of Crescent Capital Group, has stepped in on an interim basis. It’s the fund’s second senior officer departure since August, and the fund said neither resignation came from a disagreement. Separately, Crescent amended its pending SEC co-investment application to add Remora Capital Corp., a private BDC it sub-advises. Full story on AltsWire: altswire.com/crescent-nontra… #NontradedBDC #PrivateCredit #LeadershipChanges

CAZ Investments now has two GP stakes interval funds. The new CAZ GP Stakes Growth Fund targets long-term capital appreciation. It sits alongside the firm’s first GP stakes fund, which was renamed the CAZ GP Stakes Income Fund in September and reported $176.2 million in net assets as of June 30. CAZ is marketing the two together as the CAZ GP Stakes Fund Series. Read more at AltsWire: altswire.com/caz-investments… #GPStakes #IntervalFund #CAZInvestments