Blackstone REIT and Starwood REIT Investor Losses
Should You Sue Your Brokerage Firm Over Your Non-Traded Real Estate Investment Trust Losses?
If you are a Starwood REIT (SREIT) or a Blackstone REIT (BREIT), you may have suffered significant losses and need to contact Trusted REIT Investor Loss Attorneys. Both non-traded real estate investment trusts (non-traded REITs) suspended redemptions to investors in early December 2022. They made this move in the wake of growing requests for investor withdrawals.
BREIT (ticker: BX), which has $69B of net assets and concentrates on “rental housing and logistics” in the Western and Southern parts of the United States, is the largest non-traded real estate investment trust (REIT). It is also privately listed and was marketed to wealthy investors. The suspension of redemptions came after withdrawal requests, most of which came from Asia, reached pre-set limits. Blackstone’s share price then dropped.
SREIT, which is sponsored by Starwood Capital Group, is the number two biggest non-traded REIT. It is publicly registered, has $15B in assets, and mostly invests in stabilized real estate in Europe and the United States.
At Shepherd Smith Edwards and Kantas (investorlawyers.com), our trusted REIT investor loss attorneys can help you explore your legal options. Non-traded real estate investment trusts can be risky, complex investments and they may not be suitable for many retail investors, conservative retirees, inexperienced investors, and others. Even if you are an accredited investor, if you sustained significant losses in Blackstone REIT or Starwood REIT, you may have grounds for suing your broker-dealer for damages.
Real estate investment trusts, which are usually illiquid, can be complex financial products. Add in needing to be able to accurately assess liability on your broker’s part, provide evidence of financial advisor negligence or misconduct, and prove you are owed damages, and it becomes even more clear why you need to experience REIT investment loss attorneys by your side.
Other Reasons You Might Be Able To File a REIT Loss Lawsuit Against Your Brokerage Firm
- Due diligence failures, such as your broker-dealer not doing the thorough leg work necessary to ensure that BREIT or SREIT were suitable investments for you given your age, risk tolerance level, and investing experience.
- Your broker made misrepresentations and omissions when marketing Blackstone REIT or Starwood REIT to you.
- Your portfolio was overconcentrated with these REITs and other risky investments.
- Your brokerage firm failed to properly supervise your financial advisor’s activities in your account.
- Your financial advisor appears to have unsuitably recommended you in BREIT or SREIT because of the commissions they stood to earn and not because this was a good investment to make in light of your financial goals.
How Can Our Savvy Trusted REIT Investor Loss Attorneys Help?
For over 30 years, Shepherd Smith Edwards and Kantars have been fighting for investors like you. We have helped thousands of retail investors, retirees, accredited investors, wealthy investors, and institutional investors in recovering damages from brokerage firms and their financial advisors.
Should we agree to work together, we can file a securities fraud lawsuit against your broker-dealer over your Blackstone REIT or Starwood REIT losses and represent you in Financial Industry Regulatory Authority (FINRA) arbitration.
Call (800) 259-9010 to request you free, no-obligation case consultation.