Non-Traded REIT Fraud Loss Lawyers

Blackstone REIT Investors Continue To Seek Redemptions. Our Non-Traded REIT Fraud Loss Lawyers Are Here To Evaluate Any Losses

Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to investigate claims of losses involving Blackstone Real Estate Investment Trust (BREIT). While now, according to a July 1 client letter, it is reportedly able to keep up with investor redemption requests—BREIT received below $806M in buyback demands in June—we remain concerned about possible investment losses. If your broker-dealer marketed/sold you Blackstone REIT, another REIT or a non-traded REIT, contact us today to request your free, no-obligation case assessment.

According to a yearly report by Blackstone Real Estate Investment Trust, in 2023 it paid out more in distributions—$2.8B—than it possessed in cash flow—$2.7B. Investor redemption requests played a huge role in its woes and BREIT wasn’t even able to fully repay every withdrawal request that was made starting in late 2022 until February 2024. Its board of directors even approved going over the 5% of net asset value (NAV) quarterly limit to satisfy all repurchase requests in June 2024.

Once valued at $70B, this NAV REIT now has closer to $59.3B in assets. Recently, analysts started asking exactly how accurate BREIT’s appraised value is considering all of the problems that have plagued it after COVID-19. Not only that, but at one point MacKenzie Capital made a mini-tender offer to purchase Class S common shares at 38% under NAV.

Investor redemption requests for other REITs have been common as of late, which can be problematic for this type of investment. It also is important to look at the role financial advisors may have played if they unsuitably recommended BREIT to you, made misrepresentations and omissions about the risks, concentrated your account, did not conduct the proper due diligence, or were negligent in some way.

A NAV REIT

Not publicly traded on any exchange, Blackstone REIT is a NAV REIT. This means that its properties’ net asset values are key to how it is run. Each month, property NAVs are calculated and disclosed.

Our Non-Traded REIT Fraud Loss Lawyers Represents Investors Against Brokerage Firms

Many non-listed REITs tend to be risky, non-transparent, illiquid, and unsuitable for inexperienced investors, most retirees, and other retail or conservative investors. They may even be too risky for sophisticated investors, which is why it is up to your financial advisor to make sure an investment is appropriate for each customer before recommending and selling it to you.

Unfortunately, serious REIT losses happen all of the time. Many of our clients are real estate investment trust investors. Shepherd Smith Edwards and Kantas Non-Traded REIT Fraud Loss Lawyers understand how REITs are run, the many ways in which they can do poorly, the serious risks involved, and why and how broker-dealers should be held liable.

If you are a BREIT investor, we can help you explore your legal options. Even if your broker didn’t directly do anything to cause your losses, they still may have some liability and owe you damages.

Our knowledgeable BREIT investment loss recovery attorneys have found that sometimes going after the actual issuer can be extremely challenging especially if they are undergoing financial difficulties. This is just one of the many reasons why you should consider pursuing damages against your broker-dealer.

If we decide to work together, we will provide you with solid securities representation and personalized attention. We have been fighting for investors for over 30 years. With our help, thousands of investors have collectively recouped many millions of dollars.

Contact Our Non-Traded REIT Fraud Loss Lawyers:
Call (800) 259-9010 or fill out this form.