phoenixamerican
Phoenix American Financial Services provides leading-edge fund administration, accounting and technology for the alternative assets industry. Visit site: https://www.phxa.com/fund-accounting/
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New Client: Burlington Capital
Phoenix American is pleased to announce its new fund administration relationship with alternative investment management firm Burlington Capital. Phoenix American will support Burlington Capital’s real estate funds with its industry-leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system. Burlington Capital will benefit from Phoenix American’s advanced technology, focus on customer service. Read more on https://bit.ly/3DvHCpE
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New Client: MHC Capital
MHC Capital operates manufactured home communities across the Midwest and the Great Plains region. The company focuses on helping buyers find the right fit for their needs and budget without compromising on quality. MHC seeks to develop quality affordable homes with a deep sense of community and a shared set of values. MHC partners have structured and managed over $1 billion of private investment capital over more than 30 years. Read more on https://bit.ly/32ie2qH
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New Client: NAI Legacy
Phoenix American is pleased to announce its new client partnership with real estate investment management firm and fund sponsor NAI Legacy. Phoenix American will support NAI Legacy with its industry-leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system. NAI Legacy will benefit from Phoenix American’s combination of advanced technology, focus on customer service and long experience. Read more on https://bit.ly/3DLx8CS
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1031 Exchange Series: Life Science Properties & Opportunity Zone Investing
Life science properties are a growing trend among those repositioning underutilized properties. These consist of buildings catered toward technology, medical, and life science usage, with a combination of office and lab space. Professionals in this field greatly need their facilities, since operating remotely isn’t an option for those whose work cannot be replicated outside of a lab setting, and the delivery of healthcare services remains largely onsite. Read more on https://bit.ly/3llNDz6
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1031 Exchange Series: The Retail Apocalypse
An increase in globalization, e-commerce, and health considerations have shifted consumer behaviors. Shopping online offers a wider selection of goods and a convenient experience. Less overhead allows online retailers to offer products at reduced prices. Many malls that struggled to operate eventually became revitalized and turned into fulfillment centers by Amazon, the entity that brought about their decline. Read more on https://bit.ly/3ugMTOT
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New Report: Venture Capital & COVID-19 Trend Outlook
We have published a new white paper examining the initial impacts of the COVID-19 pandemic crisis on the venture capital industry. Venture Capital & COVID-19: The State of Fundraising, Historical Downturn Insights & Startup Trends analyzes the effects on venture capital of the first four months of the pandemic crisis and the outlook for the rest of 2020 and beyond. Read more on https://bit.ly/30x1g2M
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Fund Accounting 101: Capital Activities
Capital is the lifeblood of your investment fund. The ability to raise and deploy capital is the expertise you bring to investment management. How to account for your capital flow, manage its movements and report on it with accuracy, clarity and compliance is the critical task of a fund accounting provider. How your fund will operate with regard to capital flow should be discussed in detail with fund accounting at the outset of working. Read more on https://bit.ly/3mDIZxo
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1031 Exchange Series: Preserving History While Building For The Future
Adaptive reuse refers to the identification, acquisition, and renovation of existing structures and reestablishing them as assets to their communities. There’s a direct correlation between the number of abandoned buildings and crime rates, and abandoned buildings have a negative effect on the value of nearby properties. Demolition of older buildings won’t make communities more inviting or affordable. Read more on https://bit.ly/3swDkKs
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New Client: Valeo Groupe Americas
Phoenix American Financial Services, Inc. (“Phoenix”) is pleased to announce its new client partnership with investment management firm Valeo Groupe Americas, LLC (“Valeo”). Phoenix will support Valeo with its industry leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system as well as integrated fund accounting services. Valeo Groupe will benefit from Phoenix American’s combination of advanced technology. Read more on https://bit.ly/3yXfOJ6
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Proprietary Technology - Phoenix American Financial Services
STAR-XMS (Syndication Tracking and Reporting with Expanded Marketing and Sales Capabilities) is our proprietary investor recordkeeping system for outsourced fund administration services. The system is also available under license to self-administered funds to reduce their costs and maximize back-office efficiency. Read more on https://bit.ly/3kAdAeu
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10 Ways Third-Party Fund Administration Saves Your Money
The costs and complications of maintaining an in-house staff for fund operations only magnifies as your fund succeeds and grows. Sick time, vacations, employee benefits, training, etc. are an unnecessary headache and considerable expense to a successful and expanding office. Hiring and firing, overstaffing and understaffing, training and retraining are ongoing challenges. Read more on https://bit.ly/2F5RGwR
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John McInerney Named Airline Economics Magazine’s 2020 Future Leader Of The Year
Phoenix American Financial Services and its wholly owned subsidiary PAFS Ireland, Ltd (collectively “Phoenix”) announce today that John McInerney, Managing Director of PAFS Ireland, Ltd, has been honored with the Future Leader Award by Airline Economics magazine. Annually, Airline Economics recognizes emerging talent in the aviation industry with its 40 Under 40 list of outstanding professionals, nominated by their peers, who are under forty years of age. Read more on https://bit.ly/3scAdaB
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1031 Exchange Series: Legislative Clarity & Emerging Alternatives
In the last 100 years, 1031 exchanges are responsible for creating a ton of revenue, jobs, investments, and economic benefit to the nation. During his campaign, Biden stated he “wanted to completely end the 1031 exchange tax break.” While this is unlikely, it remains unclear as to how the $500,000 limit is being imposed. Biden also proposed raising the long-term capital gains tax rate up to 39.6% for those earning over $1 million a year. Read more on https://bit.ly/3rV1VZa
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What Is The Impact Of Covid-19 On CRE?
Our latest white paper examines the initial impacts of the COVID-19 pandemic crisis on commercial real estate across the United States. CRE & COVID-19 Winners, Losers & the Road Ahead, A Trends Outlook Report analyzes the effects on commercial real estate of the first three months of the pandemic crisis and the outlook for the rest of 2020 and beyond. The paper draws on our observations as a fund administration provider. Read more on https://bit.ly/3xnWYcv
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What Is Fund Administration?
Simply put, fund Administration is the outsourced performance by a third party of back-office functions for an investment fund. In terms of the investment portfolio (the asset side), fund administration involves accounting, tracking and reporting transactions and values for the portfolio as a whole and, if necessary, for the portfolio assets individually. Read more on https://bit.ly/32Wx1Fg
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New Partnership: Founder Institute
Phoenix American, a leading transfer agent and fund administration provider for alternative investments and the Founder Institute, a global startup accelerator, have announced a partnership to provide fund administration, investor services and fund accounting for graduates of Founder Institute’s VC Lab program. The partnership will enable program alumni to benefit from institutional-class back office infrastructure. Read more on https://bit.ly/376BBC3
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10 Ways Third-Party Fund Administration Saves You Money
The benefits to investment funds of outsourced fund operations, including fund accounting, administration, tax services, sales reporting, investor phone support, web portal solutions, printing, fulfillment and compliance support, are many and varied. But here are 10 ways that third-party back office outsourcing simply benefits the bottom line. The costs and complications of maintaining an in-house staff for fund operations only magnifies. Read more on https://bit.ly/2F5RGwR
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Intern Outlook With James Beard: Biden’s American Families Plan And 1031
The Biden Administration is not the first to attempt to limit 1031 exchanges. Donald Trump’s Tax Cuts and Jobs Act ended personal property exchanges back in 2017, so currently like-kind exchanges apply exclusively to commercial real estate. The new administration argues Section 1031 of the IRC only benefits the wealthy and wants to get rid of the provision Donald Trump and thousands of other real estate investors have utilized for decades. Read more on https://bit.ly/3kV3lS5
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Intern Outlook With James Beard: What Is A 1031 Exchange?
My name is James Beard, and I am an undergraduate student attending Chapman University pursuing a degree in Business Administration with an emphasis in Real Estate. As an intern for Phoenix American Financial Services, I am conducting market research pertaining to alternative assets in real estate. As a fund administrator for alternative investment funds including DSTs, Phoenix has a unique perspective on the impact of the COVID-19 pandemic. Read more on https://bit.ly/3rqYNUZ
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New Client: Bonaventure
Phoenix American is pleased to announce its new client partnership with real estate investment management firm Bonaventure. Phoenix American will support Bonaventure with its industry-leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system as well as integrated fund accounting services. Bonaventure will benefit from Phoenix American’s combination of advanced technology, focus on customer service. Read more on https://bit.ly/3hUy9za
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New Client: Sandy Bay Partners
Sandy Bay Partners is the sponsor of investment programs focused on private equity and real estate development that are environmentally, socially and economically impactful. Working with the best in class landowner, legal and industry partners, Sandy Bay brings professional real estate and sponsor guidance to the surface and subsurface development industry. The company focuses on commercial real estate development. Read more on https://bit.ly/3y7xW1Y
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PHXA Chief Risk & Compliance Officer On ADISA Spring Panels
Phoenix American, as part of its mission as a leader in innovation and efficiency for alternative investments, engages with the industry on an ongoing basis. The company participates in conferences, webinars and roundtables to keep current on emerging trends, educate colleagues on back-office issues and collaborate with industry partners to help drive the industry forward. Read more on https://bit.ly/3iCZhVg
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New Partnership: Forge Trust
Phoenix American, a leading transfer agent and fund administrator for alternative investment sponsors, and Forge Trust, a leading provider of custody services for alternative investments, have announced a partnership to make it easier to invest in alternative assets for IRA account holders. Forge Trust provides custody services with preferred pricing and a streamlined integrated experience to clients of Phoenix American. Read more on https://bit.ly/3cvv8DD
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New Report: Venture Capital & COVID-19 Trend Outlook
We have published a new white paper examining the initial impacts of the COVID-19 pandemic crisis on the venture capital industry. Venture Capital & COVID-19: The State of Fundraising, Historical Downturn Insights & Startup Trends analyzes the effects on venture capital of the first four months of the pandemic crisis and the outlook for the rest of 2020 and beyond. Read more on https://bit.ly/30x1g2M