Have you suffered investment losses in Highlands REIT? If so, the securities attorneys of The White Law Group may be able to help.
Highlands REIT is a non-traded real estate investment trust formerly known as InvenTrust Properties Corp. In April 2016, each InvenTrust stockholder received one share of Highlands common stock for every share of InvenTrust common stock.
InvenTrust stockholders now own shares in both InvenTrust and Highlands. The number of InvenTrust shares held by stockholders did not change as a result of the distribution of Highlands common stock.
The trouble with non-traded REITs, like Highlands REIT, is that they are complex and inherently risky products.
Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so may be held responsible for any losses.
Lack of liquidity is often problematic for many investors. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.
According to LPSales.com, a secondary market for non-traded investments, Highlands REIT had a market bid of $.20 per unit in December. Unfortunately for many investors, this bid price would represent a significant loss on their capital investment.
For more information on The White Law Group’s investigation into potential Highlands REIT claims see Tender Offer: InvenTrust Properties Corp./Highland.
The White Law Group is investigating potential claims against the broker dealers that sold high risk investments, like Highlands REIT, onto unsuspecting investors.
For more information on The White Law Group’s investigation of Highlands REIT, go here.
If you have invested in Highlands REIT or another non-traded REIT and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.
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