Florida Attorneys With Nationwide REIT Cases & Investigations
Just as the real estate limited partnerships proliferated in the 1980s and 90s, non-traded real estate investment trusts (REITs) were the real estate investment du jour of the past decade. In many cases handled by The Law Offices of Robert Wayne Pearce, P.A., the sales solicitations were gross misrepresentations about the sponsors track record, market valuations, rates of return, liquidity, risks and fees. Unfortunately, Attorney Pearce says investors are now realizing they have been duped by the promoters of many non-traded REITs such as the Apple REITs, Cornerstone REITs and others.
Representing clients throughout Florida and nationwide.
Investing in non-traded REITs is not for everyone. Investors must understand that these are complex and risky investments. First, REIT distributions are never guaranteed. The REIT Board of Directors decides when and the amount of any distribution. The lack of a publicly traded market creates illiquidity and valuation issues. Early redemption is usually limited and may be costly. Non-traded REITs can be expensive due to front-end fees and “issuer costs” that may be hidden from investors. Most non-traded REITs start out as blind pools, which have not yet specified the properties to be purchased. The diversification of properties within REITs is not always present which increases the risk of these investments.
For more information about REITs and a complete list of our REIT cases and investigations, the links below:
The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in securities, commodities and REIT investment law matters and constantly strives to secure the most favorable possible result. Attorney Pearce provides a complete review of your case and fully explains your legal options. The firm works to ensure that you have all of the information necessary to make a sound decision before any action is taken in your case.
For dedicated representation by a law firm with substantial experience in all kinds of securities, commodities and investment disputes, contact the firm by telephone at 561-338-0037 or toll free at 800-732-2889 or via e-mail. We may also be able to arrange a meeting with you at offices located in Boca Raton, Fort Lauderdale, Miami and West Palm Beach, Florida and elsewhere.