The firm has filed numerous claims on behalf of investors who have suffered losses investing in Hospitality Investors Trust. The White Law Group continues to investigate potential securities claims involving broker dealers who recommended Hospitality Investors Trust (HIT REIT) to investors. Is this happening to you frequently? Previously known as American Realty Capital Hospitality Trust, it came under fire for a 2017 investment deal that gave Brookfield substantial control over the company and led Hospitality Investors to suspend stockholder distributions. REIT Investors have won several securities litigations involving financial institutions with the intention of recovering from their securities losses. If you were sold GPB products or other illiquid private placements from KALOS CAPITAL and/or their former brokers , contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment . Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. Investors who have been sold the HIT REIT unsuitably and have lost money, as a result, could seek recovery through the FINRA (Financial Industry Regulatory Authority) arbitration process. Central Trade & Transfer announced a selling price of 46 cents per HIT share in March 2021. A chapter 11 restructuring plan was approved by a Delaware bankruptcy court in July 2021. 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. Holders of HIT REIT contingent value rights (CVRs) should reach out to the CVR agent Computershare Trust Company, N.A. High inflation and the cost . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 1519 Robert C. Blakes Sr Dr, 1st Floor Hospitality Investors Trust, Inc. (HIT REIT) is non-traded real estate investment trust (REIT). Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product. Did you lose money by following a brokers recommendation to invest in Hospitality Investors Trust REIT? According to recent SEC filings, the board of Hospitality Investors Trust has approved an estimated net asset value (NAV) $9.21 per share for the companys common stock, as of December 31, 2018. Brokers, financial advisors, and brokerage firms who recommended HIT REIT knew or should have known of the risks and issues; brokers should never have sold HIT REIT to investors. The Ashford App is available for free download at Apple's App Store and the Google Play Store by searching "Ashford." Recovery of Hospitality Investors Trust Inc. (HIT REIT) Losses. Investigating Potential Lawsuits involving Healthcare Trust Inc. These REITs include: If you invested in any of these REITs, or others, we may be able to help. REITs collect money from investors, then use it to buy properties such as hotels, shopping centers, apartment buildings, or office buildings. Hospitality Investors Trust investigation, Hospitality Investors Trust recovery options, Hospitality Investors Trust secondary sales, FINRA Lawsuit filed against Cetera Advisors. California-based REIT Sunstone Hotel Investors gave control of the Hilton Times Square to its special servicer, Torchlight Investors, in December. These professionals are ethically bound to tell their clients about the risks associated with recommended investments. Firms that fail to do so, may be held responsible for any losses. Class-action lawsuit accuses six hotel companies of antitrust tactics The bankruptcy could leave investors who were sold shares in HIT with no real recovery of their investments, and the bankruptcy will undoubtedly leave many investors with substantial losses.
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