ALERT: NORTHSTAR HEALTHCARE INCOME TRUST’S SECONDARY MARKET TRANSACTIONS AT A LOW OF $1.72 PER SHARE
Recent reports reflect that this non-traded real estate investment trust (REIT) is 80% invested in Senior Living Facilities, and the value of the REIT on the secondary market has traded between $1 and $2 per share.
What is a Non-Traded REIT?
Non-traded REITs are investment pools designed to earn investors income through purchasing real estate. Most often, these investment pools fund development projects which generate income through rent payments.
However, non-traded REITs do not trade on a public securities exchange, meaning they can be illiquid. As a result, it’s hard for securities firms and regulatory agencies to monitor them. Therefore, stock brokers and firms often misrepresent these products as safe and lucrative investments.
REITs are risky and unsuitable for many investors. There’s no guarantee that the real estate development projects backing them are successful. Instead, these private pools are subject to lofty fees and internal conflicts of interest that make profiting difficult or impossible.
The NorthStar Healthcare Income REIT
Several FINRA-licensed brokerage firms and their financial advisors made unsuitable or inappropriate recommendations to their clients to invest in NorthStar Healthcare Income Inc. Some advisors improperly concentrated investor funds in this or other non-traded REITs.
What This NorthStar Healthcare Income REIT News Means
The behavior of brokerage firms and their financial advisors seriously harms investors. Often, they misrepresent or fail to entirely disclose important information about these investments to retain commissions as high as 10 percent. As a result, investors pool money into an illiquid, risky fund with little to no chance of a profitable return.
The brokerage firms and their advisors must be held accountable for misrepresenting and failing to disclose the unsuitable NorthStar Healthcare Income REIT. The skyrocketing purchasing fees and large commissions have resulted in significant losses for unknowing investors.
Oakes & Fosher is Here to Help
The Oakes & Fosher law firm has been investigating current complaints regarding the NorthStar Healthcare Income non-traded REIT sales. Our firm has brought FINRA actions regarding this REIT’s unsuitable sale, recovering investors’ losses.
We dedicate our entire legal practice to helping investors across the United States recover their losses from broker misconduct. We are keenly aware of the legal duties brokers and brokerage firms have to their customers and the best ways to recover for the damages you have incurred.
With our attorneys, paralegals, and staff members on your side, you can rest easy knowing that tremendous experience and knowledge, combined with resources and commitment, are hard at work for you. Whether you lost millions or as little as $25,000, the mission and goal of Oakes & Fosher is to assist all investors who have been wronged or defrauded.
Recover Your NorthStar Healthcare Income REIT Losses
If you or someone you know lost money from Northstar Healthcare Income REIT, please contact our attorneys at 1-314-428-7600 for a free consultation and options to recover your losses. Oakes & Fosher represents investors nationwide in cases involving stockbroker negligence and fraud. We handle these cases on a contingency basis, meaning that you won’t pay legal fees unless we collect for you.