Non-Traded REITs

Non-Traded REIT Attorneys

Published on: June 4, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Suffered Losses in Starwood Real Estate Income Trust? Contact our Non-Traded REIT Attorneys for help!

$10B Non-Traded REIT Is In Trouble As Investors Continue To Clamor For Redemptions

If you are waiting to get your money from the Starwood Real Estate Income Trust (SREIT), Shepherd Smith Edwards and Kantas (investorlawyers.com) want to talk to you. The $10B non-traded real estate investment trust (non-traded REIT) from Starwood Capital Group has been limiting investor redemptions in an attempt to preserve its cash and credit. This includes, according to regulatory filings, only fulfilling $500M of the $1.3B of investor withdrawals made in the first quarter of this year. Withdrawal requests for just 2023 were said to be at $2.6B. Starwood REIT recently reportedly withdrew $1.3B from its credit line of $1.5B to meet redemption demands. SREIT’s total indebtedness is believed to be as high as $15B.

Non-Traded REIT Loss Lawyers

Published on: May 23, 2024 | by Shepherd Smith Edwards & Kantas, LLP

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.

Non-Traded REIT Loss Lawyer

Published on: May 1, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Family Seeks Up to $1M in Damages From Cetera Investment Services Over Non-Traded REIT Losses in Cole Capital, Arc Realty Finance

Another Cetera Broker Accused of Using Shared Cultural Affinity To Gain Trust of Investors of Chinese Descent

More investors of Chinese descent are suing broker-dealer Cetera because of losses they sustained in allegedly unsuitable investments. The claimants, who live in California, are seeking up to $1,000,000 in damages. They contend that their Cetera Investment Services broker John Yin (Haiguang Yin), whom they met through East West Bank, used their mutual cultural affinity to gain their trust. He then allegedly overconcentrated all of their assets in high-risk, illiquid private placements that were unsuitable for them given their low-risk tolerance level.

Non-Traded REIT Loss Law Firm

Published on: April 15, 2024 | by Shepherd Smith Edwards & Kantas, LLP

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.

Broker Tamber Proctor Accused of Unsuitably Recommending FS Energy & Power Fund and the Northstar REIT

Published on: December 16, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Ex-LPL Broker Marketed Non-Traded Investments To Mississippi Retiree

A retired investor has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against LPL Financial and its former broker, Tamber King Proctor, seeking up to $100K in damages.

The claimant contends that LPL Financial and Proctor should have never recommended that he invest in the business development company (BDC), FS Energy & Power Fund (FSEP), and the Northstar Healthcare Real Estate Investment Trust (REIT).

Investors Have Lost Money in RW Holdings NNN Real Estate Investment Trust

Published on: October 19, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Unsuitable Investment Recommendation May Be a Factor in Brokerage Firm Customers’ Losses

Investors in RW Holdings NNN REIT, Inc., a non-traded real estate investment trust formerly called the Rich Uncles NNN REIT, have suffered significant losses this year.

Not only did RW Holdings NNN REIT announce in May 2020 that it was suspending its offering and plans to revise its net asset value (NAV)/share, but also, any NAV and distribution rate would likely be lower in the wake of the impact that COVID-19 is having on the markets. The company pointed to its inability to collect 100% of all contractual rents because of the pandemic as a reason for re-evaluating its distribution rate.

Ex-Kalos Capital Broker Curtis Whipple Accused of Unsuitability & Misrepresentation Involving UDF IV

Published on: September 28, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Latest FINRA Arbitration Claim Allege REIT Losses

A number of investors recently filed a customer complaint against former Kalos Capital broker, Curtis Leroy Whipple, who was with the firm out of Plymouth, Michigan until this year. He faces allegations of unsuitability, misrepresentations, and lack of due diligence related to the claimants’ United Development Funding IV (UDF IV) losses.

UDF IV is a real estate investment trust (REIT) that mostly invests in secured loans for acquiring and developing land into single-family home lots, as well as to construct homes and model homes. UDF IV and the other UDF non-traded REITs have been accused in recent years of being part of a $1B Ponzi scam. United Development Funding is based out of Dallas, Texas.

Brokers Unsuitably Recommended NorthStar Healthcare Income Non-traded REIT To Many Retail Investors

Published on: September 3, 2020 | by Shepherd Smith Edwards & Kantas, LLP

NorthStar Healthcare Investors Should Explore Legal Options to Recover Losses

Eighteen months after NorthStar Healthcare REIT suspended distributions, investors are still grappling with the losses they’ve sustained. Now, the non-traded real estate investment trust’s (non-traded REITs) share price appears to have lost most, if not all, of its value.

If you are a Northstar Healthcare investors, our non-traded REIT fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) would like to help you explore your legal options. You very well may have grounds for a broker negligence claim to recover your losses and damages.

Why Should Many San Francisco Investors Avoid Non-Traded REITs?

Published on: July 8, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Non-Traded Real Estate Investment Trusts Are Risky, Illiquid

If you are a retail investor in San Francisco whose broker is recommending that you invest in non-traded real estate investment trusts (non-traded REITs), you should strongly reconsider.

While often touted as a security that allows investors to make money without having to worry about market volatility – this type of investment is actually still high risk, illiquid, and not suitable for many customers including retail investors, retirees, and other conservative investors with low-risk tolerance levels.

Shepherd Smith Edwards and Kantas Investigates Claims Involving Non-traded REIT Preferred Apartment Communities

Published on: March 23, 2020 | by Shepherd Smith Edwards & Kantas, LLP

Preferred Apartment Communities Investors Pay High Commissions

Throughout the United States, our non-traded real estate investment trust (REIT) attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm) are speaking to investors whose registered brokers or investment advisors persuaded them to invest in Preferred Apartment Communities, which is a non-traded REIT.

This investment has paid stockbrokers up to 7% commission and comes with additional fees, including around 4-5% in brokerage firm fees and offering costs.