Shepherd Smith Edwards and Kantas Wants To Talk To You

The law firm Shepherd Smith Edwards and Kantas is offering free case assessments to investors who suffered financial losses in Lodging Fund REIT III. The firm is investigating potential broker misconduct, fraud, and negligence related to the non-traded real estate investment trust, which has faced past SEC charges and risks like illiquidity.

Nearly three years after Lodging Fund REIT III’s CEO and advisor Legendary Capital REIT III paid over $4.7 million to resolve US Securities and Exchange Commission (SEC) charges accusing them of directing the non-traded real estate investment trust (non-traded REIT) to improperly pay back overhead costs, Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to speak with investors who suffered losses.

If you are a Lodging Fund REIT III investor who wants to explore your legal options, contact us today to request your free case assessment.

What is Lodging Fund REIT III, and What Are The Risks To Investors?

This non-traded real estate investment trust is run by Legendary Capital.
It is primarily concentrated on acquiring and running limited-service, select-service, and extended-stay hotels in markets spanning from the Appalachians to the Rocky Mountains and from Texas to North Dakota.
It was initially sold for $10/share to accredited investors.
Over the past few years, Lodging Fund REIT III has been late in turning in mandatory financial filings.
In December 2025, Legendary Capital sold two Lodging Fund REIT III hotel assets for more than $26M, which was less than what they were collectively acquired for.

Risks involving Lodging Fund REIT III

Illiquidity.
Non-transparency.
Investor distributions could be suspended.
High commissions that can eat into an investor’s money.
Rising interest rates that may impact the hospitality industry.
Fluctuating activity that could affect the travel industry.
Economic woes.

Why Are Lodging Fund REIT III Investors Suing Over Their Losses?

These investors are finding that they may have grounds for financial recovery over their losses from their broker that sold them this investment. Shepherd Smith Edwards and Kantas is representing possible investment loss recovery claims involving:

Unsuitable investment recommendations.
Disregard of an investor’s best interests.
Misrepresentations and omissions.
A failure to supervise.
Negligence.
Breach of fiduciary duty.
Due diligence failures.
Breach of contract.
Broker fraud.
And more.

How Do the Recent Sales of Hotels Affect Lodging Fund REITIII Investor Lawsuits?

They do not. The sales have nothing to do with whether a broker owes you damages for financial advisor fraud or misconduct related to your investment losses.

I’m A Lodging Fund REITIII Investor. How Can Shepherd Smith Edwards and Kantas Help Me Recover My Losses from My Brooker?

During your initial case assessment, we can evaluate whether broker misconduct or negligence contributed to your investor losses.
If we agree to work together, you can count on receiving experienced securities representation and personalized attention.
As your securities law firm, we will represent you in all proceedings, conduct a thorough investigation of your losses, and file a solid statement of claim for you.
We are seasoned FINRA attorneys who know how to maximize an investor’s chances for full recovery.

Do You Think You Have a Lodging Fund REITIII Claim Against Your Broker-Dealer?

Call (800) 259-9010 or contact us online today.