ADISA

Does Starwood’s redemption cap spell failure for NAV REITs? Not according to John Grady, co-chair of the Alternative & Direct Investment Securities Association’s Legislative and Regulatory Committee.   In May, Barry Sternlicht capped investors’ ability to exit his $10 billion real estate fund, unsettling investors and drawing media criticism as a failure to provide promised liquidity. However, Grady says criticism of redemption caps stems from a misunderstanding of the nature of non-traded REITs (NTRs).   Check out Grady's interview with Urban Land Institute on how NTRs were designed to give investors stable, long-term returns and allow issuers the ability to wait out the market and sell assets at peak prices.   #invest #liquidity #redemptions

ADISA's Alts Research & Due Diligence Forum is in full swing! Thanks to conference chair Brad Updike, Mick Law P.C. LLO, for planning an outstanding event.

ADISA congratulates our 2024 President Jade Miller, who has been named to GlobeSt.com's Women of Influence Class of 2024!

Have you registered for ADISA's Alts Research & Due Diligence Forum yet? Sponsors & Affiliates: Register by this Friday and save $200! Broker-Dealers, RIAs and Family Offices: Register by this Friday to ensure your room at the Boston Marriott Copley Place Hotel! Register today: https://lnkd.in/gDrHsqmN See attending companies: https://lnkd.in/gM-Ak4P9 View agenda: https://lnkd.in/g3ux5nyd

Draft agenda for ADISA’s Alts Research & Due Diligence Forum has been announced! Sessions include: -Industry Update -Reg BI Duty of Care: FINRA’s Exam Expectations and Enforcement Cases -Sourcing, Diligence and Other Practice Considerations for Registered Investment Advisors Who Use Alternative Products -Sponsor Due Diligence Process Part I: Financial Statements, Site Visits, Understanding Prior Performance and Lessons Learned -Sponsor Due Diligence Process Part II: Applied Due Diligence -Alternative Product Marketing: Reg. D Rule 506 and FINRA Conduct Rule 2210 -Regulatory Developments Affecting Alts Products -Real Estate and Energy Market Developments: Survive to 2025! -Rep/Advisor Product Education: Overview of Latest Developments Learn more and register here: https://lnkd.in/gDrHsqmN

Registration is OPEN for ADISA's 2024 Alts Research & Due Diligence Forum, July 23-24, at the Boston Marriott Copley Place! The conference, chaired by Brad Updike, Mick Law P.C. LLO, promises to deliver the drilldown educational event of the summer! More information and to register: https://lnkd.in/gDrHsqmN

ADISA is proud to continue our partnership with the Milken Institute's HBCU Strategic Initiative and Fellows Program and welcomed students from HBCUs at this year’s Spring Conference. This augments ADISA’s current student outreach program with Utah Valley University, and through both partnerships, ADISA strives to introduce the alts industry to a new generation of young leaders. The Milken Institute recently celebrated the latest class of its Historically Black Colleges and Universities (HBCU) Fellowship program at its 2024 Global Conference in Los Angeles. The fellowship program, now in its second year, empowers students from HBCUs by providing opportunities for professional development, networking and personal growth in the financial services sector. ADISA was pleased to be an in-kind partner and our own Tanisha Bibbs, CRCP, CMP, CEM, ADISA’s Director of Business Development & Events, attended the event. #alternativeinvestments #HBCUs #financialservices

ADISA is proud to continue our partnership with the Milken Institute's HBCU Strategic Initiative and Fellows Program and welcomed students from HBCUs at this year’s Spring Conference. This augments ADISA’s current student outreach program with Utah Valley University, and through both partnerships, ADISA strives to introduce the alts industry to a new generation of young leaders. The Milken Institute recently celebrated the latest class of its Historically Black Colleges and Universities (HBCU) Fellowship program at its 2024 Global Conference in Los Angeles. The fellowship program, now in its second year, empowers students from HBCUs by providing opportunities for professional development, networking and personal growth in the financial services sector. ADISA was pleased to be an in-kind partner and our own Tanisha Bibbs, CRCP, CMP, CEM, ADISA’s Director of Business Development & Events, attended the event. #alternativeinvestments #HBCUs #financialservices

That's a wrap! Thank you to everyone who participated in ADISA's 2024 Spring Conference. Highlights included: - Welcoming nearly 600 industry professionals representing 300 companies - More than 50 exhibitors - Women's & Next Generation Luncheon featuring special guest Commander Susan Kilrain, a renowned astronaut - Four General Sessions covering industry updates, legislative & regulatory updates, Reg D issues/506(b) vs. 506(c), and the M&A wave - An historic total eclipse! Read more: https://lnkd.in/ggNbsSDn

The DOL has Finalized its Retirement Advice Rule ADISA, the nation’s largest trade association for the alternative and direct investment space, reacted to the announcement yesterday from the Department of Labor’s Employee Benefits Security Administration, which came more than six years after an industry legal challenge led to an appeals court decision that vacated the last Democratic presidential administration’s attempt to expand the fiduciary duty to more areas of retirement advice. https://lnkd.in/gVbSiJF5