Non-traded REIT Loss Lawyers

Investors of Lightstone Value Plus REITs May Want to Explore Their Legal Options. Our Non-traded REIT Loss Lawyers Can Help You Assess The Cause Of Your Losses

In New York federal court, a group of investors have filed a class action lawsuit against Lightstone Value Plus REITs I, II, and III. The non-traded real estate investment trusts are sponsored and advised by The Lightstone Group. The claimants contend that thousands of Lightstone REIT investors may have been misled into approving charter amendments that got in the way of the liquidation of their investments.

The class action plaintiffs are pursuing damages for breach of contract, breach of fiduciary duty, and other relief. They allege that because of proxy statements that were misleading and incomplete, officers and directors involved were given more powers. Meanwhile, investors were prevented from realizing the true value of their investments.

Lodas Markets, which is a secondary market for non-traded investments, noted that Lightstone Value Plus REIT II was recently being sold there for $4/share. Its original offering price was $10/share.

Shepherd Smith Edwards and Kantas (investorlawyers.com) has been speaking to Lightstone REIT investors for some time now, including over losses related to Lightstone Value Plus REIT IV (formerly Lightstone Real Estate Income Trust). In 2022, we sued McNally Financial Services and its ex-broker Michael Charles O’Meara on behalf of an older couple. He allegedly unsuitably recommended this unregistered, illiquid, privately traded security that should only have been marketed and sold to accredited, experienced investors.

Why File Your Own Non-Traded REIT Recovery Lawsuit?

Often, with class action lawsuits, investors may not get much of their money back even with a win. This is one of the reasons why you may want to consider filing your own investment loss recovery claim against your financial advisor and their firm.

Brokerage firms know that non-traded REITs can be complex, illiquid, and risky, yet many of them choose the high commissions they can earn overlooking out for investors’ best interests.

When you retain us, you are working with seasoned non-traded REIT loss lawyers who know how to identify the cause of your losses and build a solid FINRA lawsuit on your behalf that can maximize your chances for a full recovery. FINRA arbitration is where disputes between broker-dealers and their customers are brought. This is not the kind of investment recovery claim that you want to make without a well-respected and knowledgeable FINRA law firm representing you.

How To Contact Us About Your Lightstone REIT Losses 

Call (800) 259-9010 or fill out this contact form. We work on a contingency basis. This means you will only pay us if we obtain financial recovery for you, and the fees would come out of the award or settlement.