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

As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.

LATEST NEWS AND ARTICLES

1775253477 Law
April 3, 2026
FINRA Enforcement Trends Show Higher Monetary Sanctions Despite Fewer Cases in 2025

The Financial Industry Regulatory Authority (FINRA) increased total monetary sanctions in 2025, even as the number of enforcement actions declined.

1775060885 Law
April 1, 2026
Florida FINRA Arbitration Panel Orders Charles Schwab to Pay $3.8 Million to Investors

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Charles Schwab & Co.

1774973592 Law
March 31, 2026
Cybersecurity Breach at Edelman Financial Engines Highlights Growing Risks for Advisory Firms

A recent cybersecurity incident involving Edelman Financial Engines has drawn attention to the increasing number of cyberattacks targeting registered investment advisers, according to Financial Advisor News.