June 18, 2012
CNL Securities Corp. announced today that it has entered into a sales and distribution agreement with Behringer Securities LP to enhance capital-raising efforts for two CNL-sponsored funds: Global Income Trust, Inc. and Global Growth Trust, Inc. Both real estate investment trusts have targeted a strong pipeline of potential acquisitions that match their respective investment strategies, and the increased capital from this agreement will help accelerate those purchases.
Behringer Securities representatives will work with financial advisors who have not previously distributed Global Income Trust or Global Growth Trust, while CNL’s team will continue to focus on maximizing capital raise for all investment products on its platform through its existing advisor relationships. Jeff Shafer, president, CNL Securities Corp. “We think this innovative arrangement, and the additional investment capital it will generate, will benefit the companies’ shareholders by allowing us to more quickly build a larger portfolio of diversified assets for these two global funds. CNL remains focused on successful capital raises for all of our investment offerings.”
“Behringer Securities’ corporate culture has always been highly entrepreneurial and relationship oriented and we’re drawn to opportunities like this that enable us to create value for investors,” said Frank Muller, chief executive officer, Behringer Securities. “We are well positioned to help these two investment programs accelerate their capital raise and look forward to working with their team in the coming months.”
This agreement only applies to the capital raising efforts for Global Growth Trust and Global Income Trust, which have been raising capital since 2009 and 2010, respectively. It does not signal any intent by either party to merge or combine operations in any way. The agreement will be cost-neutral to investors.
About CNL Securities
CNL Securities is an alternative investment solutions provider that has served the broker/dealer community for more than 25 years. The company has created a distinctive distribution platform to help financial advisors pursue their clients’ financial goals. Offerings span a wide spectrum of return strategies, from income to growth to a blend of the two, and focus on investments in the United States or around the globe...About Behringer Securities LP
Behringer Securities LP is a subsidiary of Behringer Harvard, a Dallas-based company that creates and manages global institutional-quality alternative investment programs for individual and institutional investors. Programs sponsored and managed by the Behringer Harvard group of companies have attracted equity of more than $5 billion and investments into more than $11 billion in assets. For more information, visit http://www.behringersecurities.com. A copy of the final prospectus supplement and accompanying prospectus relating to Global Income Trust, Inc. and Global Growth Trust, Inc., may be obtained by visiting http://www.incometrust.com or http://www.growthtrust.com, or the SEC's website at http://www.sec.gov.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/6/prweb9615267.htm