Flatirons Self Storage V DST: Securities Investigation
Are you concerned about your investment in Flatirons Self Storage V DST? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Flatirons Asset Management, a private investment firm, reportedly specializes in sponsoring tax-advantaged real estate offerings, including Delaware statutory trusts, according to its website.
According to SEC filings, Flatirons Self-Storage V DST filed a Form D on December 27, 2022, to raise capital from investors. The total offering amount was purportedly $74,523,000, according to the Reg D filing.
1031 DSTs may not be appropriate for all investors, as they come with a few disadvantages, compared to owning a property outright. 1031 DSTs typically cannot raise new capital, leaving investors holding the bag if expensive repairs are needed. The investors also have no control over the property, or the ability to make decisions about the property. While the sponsor may welcome feedback from the investor, they don’t typically allow any actions to be taken by the investors.
Additionally, 1031 DSTs are illiquid, and it can often be difficult to find a buyer when the investor is ready to sell.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk investments to investors.
Despite the risks of investing in DSTs, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
Fortunately, FINRA does provide for an arbitration forum for investors to resolve disputes if a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment. It is possible that they could be found liable for investment losses in a FINRA arbitration claim.
Free Consultation
If you are concerned about your investment in Flatirons Self Storage V DST, please call the securities attorneys at The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.
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