Chicago Non-Traded REIT Fraud Law Firm

The SSEK Chicago Non-Traded REIT Fraud Law Firm Represent Illinois Investors in Suing Their Financial Advisors For Broker Misconduct

For more than 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) has been fighting for non-traded real estate investment trust (non-traded REIT) investors throughout Illinois in recovering the damages they are owed because of financial advisor fraud or negligence. Unfortunately, unsuitable recommendations, misrepresentations and omissions, concentration, and best interest violations by stockbrokers lead to many portfolio losses that could have otherwise been avoided, which is why we are here to help.

Our Chicago, IL non-traded REIT loss attorneys have the knowledge, skills, and experience needed to give you the best chance possible for financial recovery. This is not the kind of legal case you want to pursue without seasoned securities representation advocating for you.

Why Do Many Investors Lose Money in Non-Traded REITs?

A non-traded real estate investment trust is a type of real estate investment that, while not listed on any public exchange, is regulated by the Securities and Exchange Commission (SEC). Generally open to retail investors, non-traded REITs are supposed to come with tax benefits while offering the opportunity for returns on real estate. However, none of this means that they are automatically suitable for every investor.

Non-traded real estate investment trusts can be illiquid for quite a while, perhaps even for years. Front-end fees may be as high as 15%. Non-transparency is common especially if a blind pool of properties is involved.

Attempts at early redemption may lead to high fees that can reduce a non-traded REIT investor’s returns. This type of investment may also be impacted by downturns in the real estate markets.

Non-traded REIT distributions to shareholders are not guaranteed. At times this may have to be subsidized with borrowed money or investors’ money. Payment of distributions can even lead to the non-traded REIT exceeding its operating cash flow.

While a non-traded REIT’s demise may have nothing to do with your financial advisor, if the broker unsuitably marketed and sold the investment to you, failed to conduct the proper due diligence, breached their fiduciary duty, did not fully apprise you of the risks, or ignored red flags indicating that this investment was in trouble, you may be able to sue for damages. Broker-dealers can be held liable for their registered representatives’ misconduct or negligence.

How Can Our Illinois Non-Traded REIT Attorneys Help?

Shepherd Smith Edwards and Kantas is representing many non-traded real estate investment trust investors in their broker negligence lawsuits. We understand what these investments are about and the role that financial advisors, who earn high commissions from their sales, can play that may warrant legal grounds for a claim.

Many of our Chicago, IL REIT loss attorneys used to work as brokers. We left that industry because we saw a lot of bad behaviors and we didn’t like how all of that was impacting investors and their money. This is why we started an Illinois securities law firm focused exclusively on representing investors against broker-dealers and investment advisers.

Over the years, we have represented retail investors, retirees, accredited investors, high-net-worth individual investors, and institutional investors against financial firms based all over the United States. In arbitration, mediation, and litigation, we have managed to collectively recover many millions of dollars for thousands of clients. That means more than 90% of the investors we have represented received full or partial financial recovery.

The first step is to contact us today to schedule your free initial case assessment. If we determine that your non-traded REIT losses involved broker misconduct or negligence, and we decide to work together, our knowledgeable Illinois securities lawyers will conduct a thorough investigation into what happened. We will prepare a solid investment loss recovery claim on your behalf that we will file in FINRA arbitration, which is where such disputes are brought.

Schedule Your Consultation With Our Chicago Non-Traded Real Estate Investment Law Firm:

In Cook County, DuPage County, Lake County, Will County, Lake County, and throughout Illinois, call (312) 462-4176 or (800) 259-9010

Our Illinois Law Office:

141 W Jackson Blvd #3550A
Chicago, IL 60604