Real Estate Investment Fraud

BREIT Loss Attorneys

Published on: June 10, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Blackstone REIT Investors May Have Reason To Worry. Our BREIT Loss Attorneys Are Investigating Claims Of Losses

If you are an investor who has sustained serious losses in the $59B Blackstone Real Estate Income Trust (BREIT), contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. Our seasoned real estate investment trust (REIT) loss attorneys have been looking into this high-risk product since it first limited redemption requests starting in November 2022.

An annual report by BREIT stated that it paid out more to investors than it made in 2023—$2.8B in distributions, which was beyond its $2.7B of cash flows. The fund’s performance was impacted by requests by investors to get their money back. In February 2024, Blackstone REIT was able to fully pay all withdrawal requests since late 2022. For May 2024, its board decided to let the trust go beyond a 2% monthly limit order to satisfy such requests. Once a $70B behemoth, BREIT’s net asset value (NAV) has dropped significantly.

Non-Traded REIT Attorneys

Published on: June 4, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Suffered Losses in Starwood Real Estate Income Trust? Contact our Non-Traded REIT Attorneys for help!

$10B Non-Traded REIT Is In Trouble As Investors Continue To Clamor For Redemptions

If you are waiting to get your money from the Starwood Real Estate Income Trust (SREIT), Shepherd Smith Edwards and Kantas (investorlawyers.com) want to talk to you. The $10B non-traded real estate investment trust (non-traded REIT) from Starwood Capital Group has been limiting investor redemptions in an attempt to preserve its cash and credit. This includes, according to regulatory filings, only fulfilling $500M of the $1.3B of investor withdrawals made in the first quarter of this year. Withdrawal requests for just 2023 were said to be at $2.6B. Starwood REIT recently reportedly withdrew $1.3B from its credit line of $1.5B to meet redemption demands. SREIT’s total indebtedness is believed to be as high as $15B.

REIT Loss Attorneys

Published on: May 1, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Continue to Investigate Peakstone Realty Trust Losses. Our REIT Loss Attorneys Are Looking Into Allegations of Broker Misconduct

For the past year, Shepherd Smith Edwards and Kantas (investorlawyers.com) have been speaking to investors who suffered losses in Peakstone Realty (NYSE: PKST), which is a publicly registered real estate investment trust (REIT). It was formerly the non-traded REIT Griffin Realty Trust (also, before that, Cole Office & Industrial REIT (CCIT II) and Griffin Capital Essential Asset REIT). Over the past few years, investors of this latest iteration, and its previous ones, have expressed concern about significant portfolio losses.

It was in April 2023 that Peakstone Realty Trust REIT joined the New York Stock Exchange. Its net asset value dramatically plunged. There was also a reverse stock split that happened. Yet, rather than these developments benefiting investors, some reported paying more to purchase their shares than what they are now worth while others allege that they suffered a near-total loss of equity.

RAD Diversified REIT Attorneys

Published on: March 4, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses in RAD Diversified REIT?

SSEK RAD Diversified REIT Attorneys Can Help You Explore Your Legal Options

It has come to our attention that investors of the non-traded real estate investment trust (non-traded REIT) RAD Diversified REIT may be having problems, including being unable to withdraw their funds due to some sort of temporary freeze. Distributions also may be suspended. At Shepherd Smith Edwards and Kantas (investorlawyers.com) we are offering free, no-obligation case assessments to help you determine whether you have grounds for an investment loss recovery claim.

REIT Loss Lawyers

Published on: January 8, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Despite Reassurances of a Turnaround by Silver Star Properties REIT, Investors Should Be Wary. Our Seasoned Non-Traded REIT Loss Lawyers Continue To Offer Free Case Assessments

Despite receiving a letter from Silver Star Properties claiming that it anticipates a successful exit from Chapter 11 bankruptcy by its subsidiary Hartman SPE—and the non-traded real estate investment trust’s (non-traded REITs) ongoing efforts to sell legacy commercial assets and focus on self-storage assets—investors still have reasons to be concerned about when, or if, they will get their money back. The fact that the non-traded REIT defaulted on $217M of a loan that was due in October is also not optimistic news—not to mention that the US Securities and Exchange Commission’s (SEC) regional office in Fort Worth, TX has launched an investigation. However, as a non-traded REIT investor, what you still can do is explore your legal options.

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing Silver Star Properties REIT investors in pursuing damages from the broker-dealers that marketed and sold them this non-traded real estate investment trust. Contact us today to schedule your free, no obligation case consultation.

Real Estate Investment Fraud Attorneys

Published on: December 18, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Investigates $63M in Investor Losses Involving CrowdStreet & Alleged Nightingale Fraud

Allow Our Seasoned Broker Investment Loss Recovery Lawyers To Help You Explore Your Legal Options

If you were an investor in either of the deals to purchase commercial real estate in Miami and Atlanta through Nightingale Properties and its CEO Elie Schwartz, you may have grounds for a claim seeking damages against CrowdStreet Capital. The brokerage firm allegedly connected investors to Nightingale, which is now accused of running an alleged investment scam that defrauded some 800 investors of around $63 million.

Texas Non-Traded REIT Lawyers

Published on: November 21, 2023 | by Shepherd Smith Edwards & Kantas, LLP

I’m A Silver Star Properties REIT Investor. How Can I Recover My Losses?

Our Skilled Texas Non-Traded REIT Lawyers May Be Able To Help You

If you are a Silver Star Properties REIT investor, please contact Shepherd Smith Edwards and Kantas(investorlawyers.com) today to request your free, no-obligation case consultation. This Texas non-traded real estate investment trust (non-traded REIT) left many reeling after filing for Chapter 11 bankruptcy in September as it continues its efforts to sell off a portfolio that included $400M worth of commercial properties.

REIT Loss Attorneys

Published on: November 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You An Investor Who Lost Money In Tuscan Gardens REIT?

Ex-Florida Broker Sean Casterline Allegedly Unsuitable Marketed Private Placements

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing a South Carolina retiree in his broker fraud lawsuit against International Assets Advisory and its former registered representative Sean Donovan Casterline. The ex-Florida financial advisor, who was most recently with Delta Securities, was sanctioned by FINRA for allegedly taking part in unauthorized securities transactions without telling his member brokerage firm. This included the fact that he was Managing Director of Private Equity for Tuscan Gardens.

Realty Trust Loss Attorney

Published on: July 17, 2023 | by Shepherd Smith Edwards & Kantas, LLP

NorthStar Healthcare Income and Griffin Capital Essential Asset II Are Too Risky For Novice Investors

Illinois Retirees Files Broker Fraud Lawsuit Against Wintrust Investments

If you suffered serious losses in the non-traded real estate investment trusts (non-traded REITs) NorthStar Healthcare Income and Griffin Capital Essential Asset II (Now Griffin Realty Trust), you may want to explore your legal options by contacting Shepherd Smith Edwards and Kantas Realty Trust Loss Attorney Team. Both non-traded REITs are illiquid, high-risk investments and generally should not be recommended to inexperienced or conservative investors, including retirees.

REIT Fraud Law Firm

Published on: June 28, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Should Ashford Hospitality Trust Investors Be Worried?

If You Suffered REIT Losses, Our Broker Negligence Lawyers Can Help You Explore Your Legal Options

According to a Seeking Alpha article, Ashford Hospitality Trust, Inc. (NYSE: AHT) and its family of companies is among the “most dangerous” real estate investment trusts (REITs). Initially seeming to do well at the start even when market prices for hotel REITs plunged during the early aughts, this holder of luxury assets used cash to repurchase about half of its outstanding shares at low rates, helping to save itself while similar investment vehicles could not. However, it was after that, contends Portfolio Income Solutions leader Dane Bowler that the real estate investment trust started getting “greedy,” and Ashford Hospitality Trust’s decisions now purportedly appear to be made for the benefits management while costing shareholders. This has included management allegedly profiting by “multi-dipping” and receiving pay from multiple Ashford Inc. entities.