Hospitality Investors Trust Losses – Update on January 29, 2020
Have you suffered investment losses in Hospitality Investors Trust? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Hospitality Investors Trust, Inc. is a publicly registered non-traded real estate investment trust (REIT) sponsored by AR Global. The REIT owns a diversified portfolio of strategically-located hotel properties throughout North America within the select service and full-service markets of the hospitality sector, according to its website.
Update on January 29, 2020 – Decrease in Secondary Sales Price from $8.00 per share to $3.75 per share
According to Central Trade & Transfer, a secondary market for non-traded REITs, shares of Hospitality Investors Trust are currently listed for just $3.75/share. This appears to be bad news for investors since the original offering price for Hospitality Investors Trust was $25.00/share.
Update on May 14, 2019 Decrease in Net Asset Value
More bad news for investors –The Net Asset Value (NAV) for HIT REIT has reportedly decreased again to $9.21 per share — a 33.6% decrease since the previous valuation in December 2017 of $13.87.
Recovery of Investment Losses
The problem with non-traded REITs is that they lack liquidity and are inherently risky. Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITs are more complex and less regulated, making them better suited for sophisticated investors that can afford to risk the total losses of their investment.
Investors looking to sell REITs often have difficulty finding a buyer, and can suffer significant losses on the sale.
Brokers are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations are suitable for the investor and are in line with the client’s risk tolerance, age, net worth, and investment experience.
If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.
You may be able to recover investment losses through FINRA Arbitration. FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
Please contact The White Law Group at 888-637-5510 for a free consultation with a securities attorney.
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 Franklin, Tennessee. For more information on the firm, visit www.WhiteSecuritiesLaw.com.
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