Are You A Moody National REIT II Investor Who Has Suffered Serious Losses? Our Non-Traded REIT Loss Law Firm Can Help You Assess Whether You Have Grounds for a Broker Fraud Lawsuit
Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to look into losses by investors whose brokers recommended Moody National REIT II. The non-traded real estate investment trust (non-traded REIT), which invests primarily in hotels and securities, has been under scrutiny since 2020 when it drastically fell in value and its public offering and distribution payments were suspended.
The COVID-19 pandemic shutdown really took a toll on Moody National REIT II. While its share price was originally offered at $25/share, by late 2021 the non-traded REIT’s share price on the secondary market was $8/share. In 2023, it may have been selling for $6.60/share on the limited market.
According to The DI Wire, Comrit Investments 1 LP recently put out a new unsolicited tender offer for Moody’s National REIT II shares and is offering to buy Class A Common stock and Class T Common stock for $10.89/share. This follows Comrit’s two other tender offers in October and August 2023.
What Should You Know As a Moody National REIT II Investor?
This non-traded REIT is a risky investment that should only be sold to sophisticated investors and not retail customers or conservative retirees. Moody National REIT II started out as a blind pool, which means that there was no way that financial advisors or early investors could know how well this investment might perform.
Did the lure of high commissions and dealer management fees of up to 10% become the greater priority for stockbrokers than making sure this was an appropriate investment for each investor? Not only that, but add up the other costs incurred and it appears that less than 87% of what investors paid may have ended up going into this non-traded real estate investment trust.
There are growing questions as to whether misrepresentations and omissions were made about the risks and how much investors actually stood to profit. There also are allegations that financial advisors made unsuitable investment recommendations and overconcentrated customers’ accounts with Moody National REIT II.
How Can Our Seasoned Moody National REIT II Fraud Attorneys Help?
During your free, no-obligation case assessment, Shepherd Smith Edwards and Kantas can help you explore your legal options and determine whether you have grounds for pursuing damages from the broker-dealer that marketed and sold Moody National REIT II to you. If we determine that your losses are due to stockbroker fraud or negligence, and we decide to work together, our non-traded REIT fraud attorneys will conduct a thorough investigation into how these losses occurred, build and file a solid FINRA lawsuit against the firm, and provide you with robust securities law representation in any negotiations and/or before the panel of arbitrators.
Over the decades, we have helped thousands of clients to collectively recover many millions of dollars in financial recovery from the liable parties. This is not the type of legal claim you want to pursue without a skilled securities law firm fighting for you.
Call (800) 259-9010 today to ask to speak with one of our Non-Traded REIT Loss Law Firm Can Help You Assess Whether You Have Grounds for a Broker Fraud Lawsuit.