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ExchangeRight has fully subscribed its $26.95 million Net-Leased All-Cash 19 DST, extending the Pasadena, California-based sponsor’s run of completed Delaware statutory trust offerings. The debt-free portfolio comprises three properties leased to Fred Meyer, Hobby Lobby and Verizon. The assets span 122,149 square feet in Washington, Alabama and Illinois and had an initial weighted average remaining …

Emeria is deploying agentic artificial intelligence across its European residential real estate services platform, seeking to accelerate customer responses, reduce costs and improve operating efficiency. The Partners Group-backed company manages three million homes through 700 agencies in seven countries. Its new program will introduce AI agents capable of completing multistep tasks across Emeria’s core operating …

Asset-tokenized platform Securitize has launched the Neuberger Securitize High Income Tokenized Fund, marking it as the first high-yield bond fund with investment manager Neuberger Berman.  The fund aims to attract risk-adjusted returns by investing primarily in high-yield and fixed-income investments across public blockchain networks such as Avalanche, Ethereum, Solana, and Sui.  The move comes as …

Vestmark has been tapped by Vanguard to provide an expanded source of model portfolios to registered investment advisors, as asset classes and service preferences continue to be growing factors for clients.  Vanguard has launched the Vanguard Custom Model Portfolios, which aims to provide advisors with customized portfolios through the firm. Through its partnership, Vestmark will …

ODNB Financial Corporation and National Capital Bancorp have agreed to merge in a transaction that will create a banking company with approximately $2.4 billion in total assets and a broader presence across the Washington, D.C., Virginia and Pennsylvania markets. Under the agreement, ODNB Financial, the parent company of Old Dominion National Bank, will serve as …

Private equity firm Bernhard Capital Partners has agreed to acquire Bowman Consulting Group Ltd. in a take-private transaction valued at approximately $1 billion, including debt. Under the terms of the agreement, Bernhard Capital will acquire all outstanding shares of Bowman for $43 per share in cash. The purchase price reflects an approximate 58% premium to …

Executive Summary Additional Tier 1, or AT1, bank bonds are trading at near-historic tight spreads despite their complex, loss-absorbing structures. With the ICE CoCo Index offering roughly 206 basis points over benchmark rates, well below its 385-basis-point historical median, investors may not be adequately compensated for coupon-cancellation, extension, and regulatory risks. As banks increasingly issue …

The U.S. Treasury Department will at least double the size of buyback operations for longer-dated government securities, expanding its effort to improve trading conditions after the 30-year yield reached its highest level since 2007. Beginning Sept. 9, Treasury will raise the maximum purchase amount from $2 billion to at least $4 billion for operations covering …

Apex Group has launched The Inner Circle, an invitation-only network designed to help family offices and institutional investors source and evaluate private-market co-investments without relying on outside intermediaries. Membership will be limited to 100 qualified organizations worldwide and reserved for family members, principals and chief investment officers. Applicants will undergo a qualification process intended to …

Texas has long been one of the most fertile environments for multigenerational wealth creation in the U.S., and the family office infrastructure built to serve that wealth is quietly undergoing a significant evolution. Boutique outsourced family offices are expanding their capabilities and making an increasingly compelling case to ultra-high-net-worth families that the customization, alignment and …

Future Standard has acquired a minority interest in infrastructure developer KDC, creating a partnership intended to move complex, capital-intensive projects from early development toward institutional financing and construction. Financial terms and conditions under which Future Standard may exercise its option to acquire control were not disclosed. KDC was co-founded by Future Standard CEO Edwin Conway …

Equinor has agreed to pay $940 million for a preferred ownership interest in one of Pennsylvania’s largest natural gas-fired power plants, expanding its U.S. electricity business as data centers and industrial development increase demand across the PJM market. The Norwegian energy company will acquire 87.71% of the Class A shares in the 1,483-megawatt Lackawanna Energy …

Future Standard has acquired a minority interest in infrastructure developer KDC, creating a partnership intended to move complex, capital-intensive projects from early development toward institutional financing and construction. Financial terms and conditions under which Future Standard may exercise its option to acquire control were not disclosed. KDC was co-founded by Future Standard CEO Edwin Conway …

Artificial intelligence is expanding private credit beyond its traditional role financing sponsor-backed leveraged buyouts, creating opportunities in data centers, computing capacity and other infrastructure while increasing underwriting risks in software, according to HPS Investment Partners. HPS, which is part of BlackRock, said large corporations and investment-grade borrowers increasingly seek flexible private financing for AI-related capital …

U.S. employers unexpectedly shed 23,000 jobs in July, falling far short of the 88,000 gain projected by economic consensus, according to data released by the U.S. Bureau of Labor Statistics. The drop was compounded by sharp downward revisions to prior months. May payroll additions were revised down by 66,000 to 63,000, while June figures were …

Executive Summary Inflation expectations have fallen sharply following last week’s benign CPI and PPI prints, yet the market continues to price a meaningful probability of an interest rate hike by the Federal Reserve — a disconnect that appears mispriced. On balance, the Fed will likely look through the near-term energy spike and hold rates steady …

Executive Summary Additional Tier 1, or AT1, bank bonds are trading at near-historic tight spreads despite their complex, loss-absorbing structures. With the ICE CoCo Index offering roughly 206 basis points over benchmark rates, well below its 385-basis-point historical median, investors may not be adequately compensated for coupon-cancellation, extension, and regulatory risks. As banks increasingly issue …