If You Are A Watermark Lodging Trust Investor Our Knowledgeable Non-Traded REIT Loss Lawyer Wants To Talk To You. Your Broker-Dealer Could Be Held Liable For Your Losses
More than a year after Watermark Lodging Trust announced that stockholders had approved its acquisition by Brookfield Real Estate Funds, investors of this non-traded real estate investment trust (non-traded REIT) may still want to explore their legal options for financial recovery. Shepherd Smith Edwards and Kantas (investorlawyers.com) can help.
Formed when Carey Watermark Investors and Carey Watermark Investors 2 merged in April 2020, Watermark Lodging Trust closed all of its hotels during the COVID-19 pandemic. Distributions from its common stock, as well as redemptions, were suspended. Not only that but while original shares in the two Carey Watermark REITs were sold at $10/share, earlier investors saw an almost 50% loss after the merger that resulted in Watermark Lodging Trust.
With the $3.8B Brookfield deal, outstanding common Watermark stock was to be acquired at $6.768 per Class A share and $6.699 per Class T share. Also, in 2022, the company’s shares were sold on CTT Auctions, a secondary site, for $4.75/share.
What Should You Do If You Are A Watermark Lodging Trust Non-Traded REIT Investor?
Unfortunately, many non-traded REITs ran into problems during the COVID-19 pandemic. A number of them have since filed for bankruptcy. What many Watermark Lodging Trust investors don’t realize is that they may have grounds for pursuing damages from their broker if the latter unsuitably recommended Watermark Lodging Trust to them, overconcentrated their account with this non-traded REIT, or were negligent or engaged in some type of misconduct when selling them these illiquid investments.
Non-traded REITs are not for every investor. They cannot be easily sold or publicly traded. Yet they tend to pay high front-end fees of up to 15%, which makes them attractive to broker-dealers.
Contact Our Seasoned Non-Traded REIT Fraud Attorneys
Shepherd Smith Edwards and Kantas have been exclusively representing investors for over 30 years. This includes those who have suffered losses in non-traded REITs that were improperly marketed to them by their financial advisors. Even if your financial advisor had nothing to do with a non-traded REIT’s failure you still may be able to hold them liable.
Over the years, we have filed many non-traded REIT loss lawsuits against broker-dealers on behalf of conservative retirees, retail investors, wealthy investors, and others. If you contact us, we will provide you with a free, no-obligation case assessment to determine if your non-traded real estate investment trust losses warrant grounds for a FINRA arbitration claim against your stockbroker and their firm.
Why Is It Important That You Do Not Try To Deal With Your Broker Without a Skilled Non-Traded REIT Loss Lawyer By Your Side?
Most brokerage firms will likely try to deny or fight your allegations of misconduct or negligence rather than admit to wrongdoing and open themselves up to even more investor lawsuits. This is just one of the many reasons why you want experienced non-traded REIT lawyers fighting for you.
Over the years, Shepherd Smith Edwards and Kantas have collectively recovered many millions of dollars for thousands of investors. Should we agree to work together, we will advocate for you, provide you with quality securities law representation, and protect your legal rights.
Call our Non-Traded REIT Loss Lawyer team at (800) 259-9010 today.