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Real Estate Investment Trusts (REITs), a key player in the real estate sector, offer the investing public shares, either through public stock exchanges or as privately held entities. REITs uniquely manage income-producing real estate and are obligated by law to distribute most of their taxable income as dividends to shareholders annually. This setup makes REITs […]
The Parking REIT, a non-traded REIT formed in December 2017 by the merger of MVP REIT and MVP REIT II, invests primarily in parking lots and garages in the United States. Investors who bought into The Parking REIT may have suffered losses due to illiquidity, lack of transparency in valuation, and substantial conflicts of interest. […]
U.S. prosecutors on Thursday announced criminal fraud charges against two former American Realty Capital Properties Inc executives stemming from a 2014 accounting scandal that wiped out roughly $4 billion of the real estate investment trust’s market value. This scandal has been a pivotal moment in the history of real estate investment trusts (REITs), illustrating the […]
Beverly Hills based securities lawyers have launched an extensive investigation into the sales practices of LPL Financial, LLC regarding the recommendation of non-traded REITs to their clients. This investigation is critical as it follows a recently filed complaint by the Commonwealth of Massachusetts Securities Division, which delves into similar non-traded REIT sales practices. The Massachusetts […]
Reliable news sources have reported that Behringer Harvard Strategic Opportunity Fund I and II will report catastrophic losses to investors this Friday. Behringer Harvard informed brokers last week of the fund problems and is preparing to tell investors. Launched in 2005, the Behringer Harvard Strategic Opportunity Fund I raised $65 million and invested in six […]