Tr?id=566623520170033&ev=PageView&noscript=1

GPB Capital Announces Sale of Land in New Jersey

Posted on April 19th, 2022 at 8:31 AM
GPB Capital Announces Sale of Land in New Jersey

From the Desk of Jim Eccleston at Eccleston Law:

GPB Capital Holdings announced that it has sold land in New Jersey that was previously owned by one of its private placement funds. 

According to an unnamed source, GPB sold a Newark, New Jersey, 30-acre parcel of land that was recently valued at $78.3 million. Net proceeds from the land sale will be paid out to investors in one private placement, GPB Cold Storage. GPB has struggled to continue paying dividends since 2018, so investors likely will support GPB’s plan to sell assets. 

GPB announced it was selling Alliance Physical Therapy Partners in December 2021 after the firm had sold a top auto dealership group for $880 million in September. The land sale will “return significant value to our investors”, according to Rob Chmiel, CEO of GPB Capital. The firm has been operating under a monitor imposed by a U.S. District Court judge in 2021.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

 
 

Tags: eccleston law, gpb capital, new jersey

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

1778084309 Law
May 6, 2026
FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.