Written by 2:22 pm Blog, Current Investigations

Rodin Income Trust Inc. Lawsuit Investigation

Rodin Income Trust Inc. Lawsuit Investigation, featured by top securities fraud attorneys, The White Law Group

Invest in Rodin Income Trust Inc.? The White Law Group may be able to help you to recover your financial losses.

The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended non-traded REITs like Rodin Income Trust Inc.to investors.

Rodin Income Trust, a publicly registered non-traded REIT sponsored by Cantor Fitzgerald, launched in June 2018. The REIT reportedly focuses on originating mortgage and mezzanine loans secured mainly by commercial real estate. As of December 2020, Rodin Income Trust had raised $19 million in investor equity, according to the DI Wire.

Decrease in Net Asset Value for All Class Shares

According to filings with the SEC, as of March 31, 2021, the Company’s NAV was $23.16 per Class A share, $23.14 per Class T share and $23.16 per Class I share. For further discussion of the Company’s NAV calculation, please see “Net Asset Value”.

Shares were originally sold for $26.32 per class A shares, $25.51 for Class T shares, and $25.00 for Class I Shares. 

Risks of Non-Traded REITs

Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS are considerably more complex and involve a high degree of risk. 

Non-traded REITs are rarely, if ever, suitable for short-term investors and even long-term investors must be willing to bear the risks of illiquidity. 

According to the prospectus, the Rodin Income Trust shares “are suitable only as a long-term investment for persons of adequate financial means and who have no need for liquidity in this investment. Because there is no public market for our shares, you will have difficulty selling your shares.”

Potential Lawsuits to Recover your Investment Losses 

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.

Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses through FINRA Arbitration.

The Financial Industry Regulatory Authority (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.

If you are concerned about your investment in Rodin Income Trust Inc., The White Law Group may be able to help you by filing a complaint against your brokerage firm. To speak to a securities attorney about the potential to recover your investment losses, please call 1-888-637-5510 for a free consultation. For more information, please visit www.whitesecuritieslaw.com.

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.

 

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