As a result, for a significant time period you may be unable to assess the value of your non-traded REIT investment and its volatility.. Hotel REIT Preps Deal to Give Brookfield Control in Bankruptcy You may reproduce materials available at this site for your own personal use and for non-commercial distribution. If your broker suggested Hospitality Investors Trust REIT, and it was not an appropriate investment for you, you may be eligible to file a class action. A non-traded REIT seeks to restructure $1.3 billion in unsecured debt, What Strong Gold Says About The Weak Dollar: An In-Depth Analysis On Gold Prices, Investors Watch For Earnings, Budget Battle and Recession Signs (Weekly Cheat Sheet), Yield Curve Signals Recession, Bud Loses $5B & Gold Makes New Highs (Weekly Cheat Sheet). . Hospitality Investors Trust Inc. Losses Investors may have claims. An investments suitability for a particular client is based on a number of considerations, including the clients age, investment experience, risk tolerance, need for liquidity, and other factors. Hospitality Investors Trust Inc. (HIT REIT) Lawsuit Shareholders of the common stock will receive one CVR in exchange for each shareof commonstock. Hospitality Investors Trust - Overview, News & Competitors - ZoomInfo Blog, Current Investigations. Last April we reported that the REIT entered into forbearance agreements with the lenders under certain of its mortgage and mezzanine indebtedness. Shares traded on CTT Auctions, a secondary market for non-traded REITs in September for $0.66 per share. HIT REIT believes that additional liquidity from a source other than property operations the company requires may not be available on favorable terms or at all., The company notes that the objective of the limited partnership amendment with Brookfield is to preserve the companys cash position as it continues discussions with the Brookfield investor regarding a holistic solution to the companys liquidity dilemma.. Hospitality Investors Trust Inc. Fraud and/or Investment Loss - Wolper Written by The White Law Group August 25, 2021 (504) 523-2434 This may provide some brokers with enough incentive to make unsuitable investment recommendations. KALOS CAPITAL Lawsuit Filed - Securities Lawyer Harion has an intensive course in Business Supplementary in Kaplan (Canada). Damian BairdSuspended from the Securities Industry, Peakstone NYSE Listing Disappoints Shareholders. We handle cases that change lives. Investors in REITs hope to profit from regular cash distributions from the REITs income. They must ensure that all recommendations are suitable for the investor. Your inquiry will be immediately reviewed by one of our attorneys who handles securities litigation. For more information on The White Law Group, visitwww.whitesecuritieslaw.com. All rights reserved. The Securities and Business Litigation team at Levin, Papantonio, Rafferty, Proctor, Buchanan, OBrien, Barr & Mougey, P.A. According to Central Trade & Transfer, a secondary market for non-traded REITs, shares of HIT REIT sold for just $0.46 per share in 2021.
