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Lodging Fund REIT III Investors Haven’t Received Payout In Nearly Two Years
Now Is The Time To Explore Your Legal Options
Investors in Lodging Fund REIT III face growing concerns as the non-traded real estate investment trust has failed to pay distributions to common stockholders for nearly two years amidst late SEC filings and asset sales at a loss. The law firm Shepherd Smith Edwards and Kantas is offering free consultations to evaluate whether broker-dealers unsuitably recommended this illiquid investment to clients.
Next month, it will be two years since Lodging Fund REIT III paid a distribution to common stockholders. According to CFO Sam Montgomery, who spoke with AltsWire in May, this is supposedly a matter of prudent capital management. However, for investors of this hotel real estate investment trust (REIT), there may be cause for concern.
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