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  • Mercury Network acquires Platinum Data Solutions

    In a move that is one of the first of its kind for the industry, Mercury Network, an appraisal management system, announced it acquired Platinum Data Solutions, a QC technology company. In light of the changes, HousingWire talked with Will Clemens, CEO of Mercury Network, and Phil Huff, CEO of Platinum Data, to see how the change fits perfectly into both of the companies.

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Bank of America Merrill Lynch offers nontraded REIT

In a first, brokers with a major national firm, Bank of America Merrill Lynch (BAC), are selling an investment long associated solely with independent-contractor broker-dealers: Nontraded real estate investment trusts.

The firm's 17,500 registered representatives and advisers a month ago began selling the Jones Lang LaSalle Income Property Trust (JLL).

Bank of America Merrill Lynch is the first major wirehouse to sell such trusts and has so far raised about $50 million from clients.

Source: Investment News
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