Sometime before our current economic woes, you may have invested in a publicly registered non-traded Real Estate Investment Trust. The product offered attractive yields from real estate investment. Hoping for growth that would be a source of income when it was time to retire, you did your research and invested.
However, these non-traded REITS may have proven to be unsafe investments.
They are not traded on traditional stock exchanges and come with the following risks:
- They are illiquid or difficult to sell, often for long periods of time.
- Redeeming your shares early is limited.
- Investment fees eat up much of your total return.
- Your distributions may have been subsidized by borrowed funds and include a return of your principal instead of providing distributions of earnings.
Your expectation when you purchased the REIT was that you would eventually see income from its portfolio in the form of rent. Unfortunately, because of the times, you decided to sell your shares. Like many investors in a similar position, selling caused you to lose a significant amount of your investment. Perhaps you were unable to redeem your shares or lost investment income from suspended distribution payments. Or, you may have discovered that preferential distributions were made to REIT insiders while others were assessed excessive fees.
Our Securities Law Office can help. We specialize in representing victims of stockbroker and investment fraud. In addition to being a practicing Securities attorney, I am a Certified Public Accountant and hold a Masters’ degree in taxation. I have practiced commercial law in the Metropolitan Detroit area for over 25 years.
If you own any of the below REITs, we may be able to recover damages for your losses. Please contact me at: 313-674-1212 for an assessment of your case.
American Realty Corp.
ATEL 15 LLC
AEI Income & Growth Fund
Behringer Harvard Opportunity REIT II
Benefit Street Partners Realty Trust
Black Creek Diversified Property Fund
Business Development Corporation of America
Carey Watermark Investors
CNL Healthcare Properties
Cole Credit Property Trust IV
Cole Office & Industrial REIT (CCIT II)
Griffin American Healthcare REIT IV
Hines Global REIT
Inland American Real Estate Trust
KBS Real Estate Investment
Lightstone Value Plus REIT
New York Trust
Phillips Edison & Company
SmartStop Self Storage REIT, Inc.
Steadfast Apartment REIT
Strategic Realty Trust
Summit Healthcare REIT
Strategic Storage Trust II