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Western Colorado Non-Traded REIT Fraud Attorneys
SSEK Western Colorado Non-Traded REIT Fraud Attorneys
From Our Ridgway, CO Securities Law Office, We Represent Investors Against Negligent and Unscrupulous Financial Advisors
Shepherd Smith Edwards and Kantas (investorlawyers.com) represents Western Colorado investors in recouping the damages they are owed from non-traded real estate investment trusts (non-traded REITs). These are risky, generally illiquid investments that, while often accessible to retail investors, seniors, and conservative retirees, may not be appropriate for all of them.
Yet because of the high commissions and fees that broker-dealers can earn from these alternative investments, this can compel brokers to disregard a customer’s best interests and market a non-traded REIT that is too high-risk given the client’s risk tolerance level, age, and investing goals. In the event that this real estate investment does poorly, huge portfolio losses may occur.
Our Ridgway, CO non-traded real estate investment trust loss attorneys can help you explore your legal options and determine whether you have grounds for holding your financial advisor liable. Unsuitability, failure to fully apprise you of the risks (known as misrepresentations and omissions), broker negligence, breach of fiduciary duty, due diligence failures, breach of contract, negligence, gross negligence, and failure to supervise are just some of the legal grounds that may warrant you recouping damages.
What Are Non-Traded REITs?
This type of real estate investment trust is Securities and Exchange Commission (SEC)-regulated. As the name “non-traded REIT” infers, it is not listed or traded on any exchange.
Like all REITs, a non-traded real estate investment trust is a company or a trust that owns and usually operates income-producing real estate, such as office buildings, hotels, shopping centers, and other properties. Many retail investors are attracted to this kind of real estate investment because there is the potential to both make money from the different properties within the portfolio and garner tax benefits.
Unfortunately, many non-traded REITs have been known to do poorly or fail. Real estate volatility can lead to financial woes and resale options may be limited. Also, distributions are not guaranteed. Conflicts of interest that go undisclosed due to a lack of transparency may also prove problematic. A REIT might be fraudulent.
Non-traded REITs can be costly for a Colorado investor from the start, with high upfront fees of up to 15% (commissions included). Attempts at early redemption can be expensive. An investor could find that if they do want to sell their non-traded REIT investment, it may have to be at a much lower price than the purchase price.
Currently, there are a number of non-traded real estate investment trusts we are investigating and/or suing broker-dealers on behalf of investors, including:
- Blackstone Real Estate Income Trust (BREIT)
- Starwood Real Estate Income Trust (SREIT)
- RAD Diversified REIT
- NorthStar Healthcare Income Trust
- Watermark Lodging Trust
- Healthcare Trust REIT
- Arc Realty Finance
- Hartman vREIT XXI
- Cole Capital REITs
- KBS Real Estate Investment Trust III
- Moody National REIT II
- Hospitality Investors Trust
- Many more.
How Can Our Trusted Ridgway, Western Colorado Non-Traded REIT Fraud Attorneys Help?
For over 30 years, Shepherd Smith Edwards and Kantas has worked hard to represent Colorado investors against negligent and unscrupulous brokerage firms all over the United States. We have two law offices, in Ridgway and Denver, so we can better service our clients all over The Centennial State.
If we determine that you do have grounds for a non-traded REIT loss lawsuit, and we decide to work together, you will have our entire securities law firm assigned to your case.
We would conduct a thorough investigation into the cause of your losses and what role your financial advisor may have played. Our seasoned Western Colorado non-traded REIT attorneys would file your claim in Financial Industry Regulatory Authority (FINRA) arbitration, which is where such disputes are brought, and represent you in any settlement proceedings or before the panel of arbitrators.
We have over a century’s worth of collective experience in securities law and the securities industry. When you work with us, know that you will receive quality representation and personalized attention. More than 90% of our clients have obtained full or partial financial recovery through our hard work and experienced efforts.
How To Contact Our Western Colorado Non-Traded REIT Fraud Attorneys:
Call (970) 239-7085 or (800) 259-9010. The SSEK Western Colorado Non-Traded REIT Fraud Attorneys represent retail investors, retirees, high-net-worth individual investors, and institutional investors.
241 S Elizabeth St #500
Ridgway, CO 81432