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Oklahoman
A Texas-based joint venture bought two Class A industrial buildings totaling 121,600 square feet from Oklahoma City s Hall Capital on land leased from the state of Oklahoma at 6200 and 6220 SW 29.
It was the 10th joint investment by Corinth Land Co., based in Fort Worth, and Prattco Creekway Industrial, based in Dallas, but their first investment in Oklahoma.
The purchase price was not disclosed. Since they purchased the buildings only, not the land, it is not a matter of public record. Financing was by Veritex Bank in Houston with majority equity provided by Western Production Co., an oil-and-gas company in Fort Worth.
Bitcoin bears: Financial advisers still cautious of crypto
Hype from retail and institutional investors on digital assets isn’t enough to sway skeptical advisers who are weighing the risk and reward of crypto before adding the asset class to clients portfolios.
May 3, 2021 9 MINS
The meteoric rise of Bitcoin this year has shaken the wealth management industry as more retail and institutional investors crave being one of the cool kids investing in digital assets.
The world’s largest cryptocurrency is undoubtedly the most hyped asset on the block, with prices ascending to a record high of $64,000 as the direct public offering of the country’s biggest crypto exchange, Coinbase Global Inc., fueled mainstream interest.
What You Need to Know
Alpha Architect has plans for an ETF that invests in companies associated with cryptocurrency mining; Osprey Funds, sponsor of the Osprey Bitcoin Trust.
RIA Digital Assets Council partnered with the New York Institute of Finance for its certificate program.
Schwab and Nuveen add new funds.
In another twist on the rush to sponsor a cryptocurrency ETF, Alpha Architect has filed an application with the Securities and Exchange Commission to launch an ETF that invests in companies associated with the mining of cryptocurrencies rather than in cryptocurrencies themselves.
The Alpha Architect ETF Trust plans to invest at least 80% of its assets in the equities of companies “actively involved in the entire spectrum of cryptocurrency mining, from producers of computer chips (foundries), to manufacturers of computer equipment (manufacturers),” to directly investing in market participants creating cryptocurrency themselves (miners), but it will not invest direct
Last month, Edelman Financial Engines, an investment management firm, released survey results that, among other things, revealed that women, on average, face a year or more to recover from COVID-19 financial setbacks.