(888) 637-5510

Written by 2:54 pm Blog, Current Investigations

N1 Liquidating Trust (NorthStar REIT) Final Disbursement

N1 Liquidating Trust (NorthStar Real Estate Income Trust) Investment Losses, featured by top securities fraud attorneys, The White Law Group

NorthStar Real Estate Income Trust Shareholders may have Claims

The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitable recommended NorthStar Real Estate Income Trust, a high risk, non-traded REIT, to investors. 

If you have suffered losses investing in NorthStar, 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.

Colony NorthStar Inc. merged with NorthStar Real Estate Income Trust and affiliated non-traded REIT NorthStar Real Estate Income Trust II on January 18, 2018. 

Unfortunately for investors, NorthStar shareholders reportedly lost one-third of their original value of their investment overnight after the newly formed company Colony NorthStar became publicly listed under the symbol “CLNC.”

N1 Liquidating Trust Final Disbursement

According to filings with the SEC, N1 Liquidating Trust sold its sole asset, on October 13, 2020 . The Trust is reportedly distributing the proceeds received from the discounted payoff, on or around October 31, 2020. The Trust estimates that approximately $0.07 net per unit of beneficial interest will be distributed and that this will be the  final disbursement of the unitholders’ interest in the Trust. The Trust expects that its existence will be terminated shortly following this distribution.

Investors may not have understood the need to exit their position before the merger took place resulting in a much more volatile publicly traded company.

The trouble with non-traded REITs is that they are complex and inherently risky products. Investors looking to sell non-traded REITs such as this, often have difficulty finding a buyer, and can suffer significant losses on the sale. They also tend to come with high sales commissions and fees.

Broker dealers are required to inform clients of the risks associated with investment recommendations. They must 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.

Filing a Complaint against your Brokerage Firm

If you have suffered losses investing in NorthStar Real Estate Income Trust (now known as N1 Liquidating Trust) the securities attorneys at The White Law Group may be able to help you. 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 Franklin, Tennessee. To learn more about The White Law Group visit www.whitesecuritieslaw.com.




Tags: , , , , , , , , , , Last modified: December 19, 2022