Shepherd Smith Edwards and Kantas Continue Non-Traded REIT Loss Lawyers to Investigate Hartman vREIT XXI Over Investor Losses
Non-Traded REITs Pay Brokers High Commissions But Can Be Unsuitable For Many Investors
If you sustained losses after your financial advisor marketed and sold you Hartman vREIT XXI, Shepherd Smith Edwards and Kantas (investorlawyers.com) would like to talk to you. For the past year we have been looking into whether there were stockbrokers who allegedly unsuitably recommended this non-traded real estate investment trust (non-traded REIT), which invests in different kinds of commercial properties that are mostly in Texas.
By September 2020, Hartman vREIT XXI had raised over $91M from investors. Unfortunately, toward the later part of 2022, the non-traded REIT reported an approximately year-to-date loss of around $1.4M and more than $400K in bank overdrafts. Not only that, but its own management expressed doubts in a quarterly report to the US Securities and Exchange Commission (SEC) about whether or not it could continue as a “going concern” given it had over $57M in loans.
There also was a pause in the company’s redemption program that year. At one point the non-traded REIT’s share price on the secondary market dropped to about half of the initial $10/share offering price.
Consider also that non-traded REITs are known to charge upfront commissions of up to 10% plus additional fees of up to 3%. This also may impact an investor’s profits.
Our Savvy Non-Traded REIT Loss Lawyers Have Been Representing Investors for Decades
Shepherd Smith Edwards and Kantas has been fighting for retail investors, high-net-worth investors, and institutional investors for over 30 years. We understand the complexity and risks involved in alternative investments, including non-traded real estate investment trusts. We know how to determine whether broker misconduct or negligence contributed to your portfolio losses. Our securities law firm has the skills, resources, and knowledge to fight for your financial recovery in arbitration, mediation, and litigation.
This is not the kind of securities claim that you want to pursue without experienced alternative investment fraud attorneys by your side. Even if your financial advisor wasn’t directly involved in the issuing of the non-traded REIT, if they engaged in unsuitability, concentration, misrepresentations and omissions, or other broker fraud related to promoting Hartman vREIT XXI, you may be able to recover damages.
Contact Our Non-Traded REIT Loss Lawyers About Your Hartman vREIT XXI Losses
Call (800) 259-9010 or fill out this form to request your free, no-obligation case assessment. We work with investors nationwide.