On May 19, 2021, Hospitality Investors Trust Inc., a non-traded REIT that owns a portfolio of hotel properties, filed for Chapter 11 bankruptcy in Delaware to restructure its $1.3 billion . Recovery of Hospitality Investors Trust Inc. (HIT REIT) Losses. Or you may email our attorneys directly, shareholder and attorney Michael Bixby may contacted at mbixby@levinlaw.com. Both loans bear interest at 15 percent per year. Hospitality Investors Trust to be acquired by property giant through bankruptcy, Photo illustration of Brookfield Property Partners Brian Kingston (Brookfield, iStock). However, brokers and financial advisors who improperly recommended HIT or other similar products may be legally responsible for the losses suffered by their clients. An REIT is a company that owns and operates large amounts of real estate. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Epiq 11 Your inquiry will be immediately reviewed by one of our attorneys who handles securities litigation. If you invested in a Healthcare Trust Inc. (ARC Healthcare Trust II) and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 888-637-5510 for a free consultation. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors. PDF ARC Lawsuit - The DI Wire Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim. In June 2017, for instance, HITs NAV per share was estimated at $13.20 as of March 30th, 2017, a decline of approximately 38.6 percent year-over-year from the previous NAV of $21.48/share, according to The DI Wire. According to news reports, on May 13, the REITs executive officers and employees received $2.5 million in retention bonuses. Last April we reported that the REIT entered into forbearance agreements with the lenders under certain of its mortgage and mezzanine indebtedness. Blog, Current Investigations. Fill out the form on this page and let us know what your experience was. KALOS CAPITAL Lawsuit Filed - Securities Lawyer Attorney Advertising. Though COVID hit the hotel industry hard in 2020, Hospitality Investors Trusts share values had plummeted for years prior to the pandemic, and the for gross abuse of trust by an investor in 2018. Get a free and confidential consultation. According to the US Securities and Exchange Commission, [b]ecause they do not trade on a stock exchange, non-traded REITs involve special risks. Contact information is provided below: Copyright 2023 Hospitality Investors Trust, Inc. All Rights Reserved. NEW ORLEANS | ROCHESTER | CLEVELAND | LOS ANGELES | SAN FRANCISCO | ST. LOUIS | CHICAGO, Danny Chancellor and Brent Chancellor Investigation, Credit Suisse Greensill Capital Investigation, Roshan Perera Investment Loss Investigation, Equifax False credit report Investigation, Health Care Providers Data Breach lawsuits, Securities Industry Employment Disputes, FUTURES ARBITRATION & COMMODITIES LITIGATION, OPTIONSELLERS AND INTL FC STONE LAWSUIT, Nursing Home and Assisted Living Injuries, EXACTECH KNEE AND ANKLE IMPLANT RECALL, EzriCare and Delsam Pharmas Artificial Tears Lawsuits, Catholic Church and other Religious Institutions, Southern Baptist Convention Sexual Abuse, SHAREHOLDER RIGHTS / DERIVATIVE LITIGATION, Lyft enfrenta demanda colectiva por agresiones fsicas o sexuales que sufrieron pasajeros y conductores, Lyfts first safety report shows over 4,000 reports of sexual assault, Illinois woman joins lawsuits against Lyft for failure to protect passengers and drivers.
Western Saddle Makers,
Clapham Rail Crash Victims Names,
Articles H
