TAG | Non-traded REITs
“Non-traded REITs”*are public companies, but their shares are not listed on any stock exchange. This makes non-traded REITs a very opaque and a private market (not to mention illiquid). Unlike publicly traded REITs, non-traded REITs are illiquid and specify when investors can redeem shares, typically after seven years. At that point, the REIT may go public and begin trading on an exchange — or it may be liquidated.
Unfortunately, many conservative or elderly clients were sold non-traded REITs. Occasionally, the true risks of these investments allegedly were not disclosed to the clients. Many retirees who couldn’t afford to take the risks associated with non-traded REITs had a substantial percentage of their net worth in these investments. In some instances, they may have been unsuitable investments. Fortunately, some, or all, of the frozen funds or investment losses in non-traded REITs may be recoverable against the brokerage firms who sold them through FINRA arbitration claims and lawsuits.
We believe that many of the non-traded REITs are far riskier than people knew and were not appropriate for some investors, particularly the elderly, retired or the conservative investors. If you feel these risks were not disclosed by your broker or the brokerage firms who sold them to you, call a Securities Arbitration Lawyer for a free consultation on how to recover your investment losses. To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
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Attorney Lars Soreide has recently been contacted by investors who have placed their money in unlisted REITs (Real Estate Investment Trusts), particularly, but not limited to, Behringer Harvard REIT. An unlisted REIT is a real estate investment trust that is not traded on the national stock exchanges. Unlisted, or non-traded, REITS differ from listed REITs in that they are not traded in an open market. Non-traded REITs are sold to investors who hold the product until the end of an investment term.
Behringer Harvard REIT, and other non-traded REITs, have their value set by the companies which sell them. A listed, or public, REIT is valued daily on the market in which it is traded. A non-traded REIT’s value is determined by the staff of the REIT, or a consultant paid for by the REIT. This can be seen as a conflict of interest in the standard valuation procedure of a non-traded REIT.
Allegedly, many customers were not made aware of the restrictions of these products and financial advisors failed to make the true risks of these investments known to retail investors who suffered the losses. Also, the broker’s fees make it very advantageous to the broker at roughly a 15% commission.
If you feel you have been an alleged victim of Behringer Harvard REIT, or have become of victim of a similar situation with an unlisted REIT, please call a Securities Arbitration Lawyer for a free consultation on how to recover your losses. To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
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