We do not charge any fees or costs unless you first recover. Due to the risks involved in the ownership of real estate, there is no guarantee of any return on your investment, and you may lose all or a portion of your investment., We established the initial offering price on an arbitrary basis; as a result, the actual value of your investment may be substantially less than what you pay., There are substantial conflicts among the interests of our investors, our interests and the interests of our advisor, property manager, our sub-property manager, our sponsor, our dealer manager and our and their respective affiliates, which could result in decisions that are not in the best interests of our stockholders., We are obligated to pay fees to our advisor, which could be substantial and may result in our advisor recommending riskier investments., Taken together, these factors make Hospitality Investors Trust a highly risky investment that likely was not suitable for inexperience and/or conservative investors, especially those with liquidity needs and/or those who cannot afford to lose their principal. Contact us now for a free consultation! Hospitality Investors Trust investigation, Hospitality Investors Trust recovery options, Hospitality Investors Trust secondary sales, FINRA Lawsuit filed against Cetera Advisors. The contingency fee we charge ranges from 20% to 40%. As of today, we have completed approximately one-half of our PIP program; we do not expect to reinstate distributions prior to the completion of all remaining PIPs, which is likely to continue for at least the next two years. Hospitality Investors Trust, Inc., formerly known as ARCHospitalityTrust Inc., (HIT REIT) is a publicly registered non-traded real estate investment trust which owns a diversified portfolio of strategically-located hotel properties throughout North America within the select service and full-service markets of the hospitality sector, according to its website. Hospitality Investors Trust, Inc. (HIT REIT) is a real estate investment trust (REIT) which owns a diversified portfolio of strategically-located hotel properties throughout the United States within the select service market of the hospitality sector. The Levin Papantonio Rafferty law firm is representing investors who were sold shares of the HIT REIT in claims to recover their losses. 2015 by The White Law Group, LLC All rights reserved. The maximum amount of payments made per CVR will not exceed $6.00 and will not be transferable, except in limited instances such as the death of the holder. As a result, investors have filed lawsuits against financial advisor and their broker-dealers for the sale of Hospitality Investors Trust . SEC.gov | HOME Investors in this real estate fund, formerly known as American Realty Capital Hospitality Trust, have seen their share values plummet, and a lawsuit, filed recently in federal court, charges malfeasance and seeks damages. Gibbs Law Group attorneys have fought some of the most complex cases brought under federal and state laws nationwide, and have been recognized with numerous awards and honors for their accomplishments, includingTop 100 Super Lawyers in Northern California,Top Plaintiff Lawyers in California,The Best Lawyers in America, and ratedAV Preeminent(among the highest class of attorneys for professional ethics and legal skills). Investor Alert: Hospitality Trust Investors Bankruptcy For more information, please read our full disclaimer. Similar to American Finance Trust, Inc. (AFIN), VEREIT, and ARC NYC REIT, HIT REIT is another stark reminder of how disastrous non-traded REITs can be for investors. Their lawyers are currently representing investors and are looking into the claims of many investors who have lost money in this investment. Hospitality Investors Trust CEO Jonathan Mehlman. The REITs bankruptcy plan involved the cancellation of common stock shares in exchange for shareholders right to receive nontransferable contingent cash payments not to exceed $6/share. Healthcare Trust Inc. - HTI - Shareholder Lawsuits - The White Law Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors. For more information on The White Law Group, visitwww.whitesecuritieslaw.com. To review a summary of our fees and costs, click Fees & Costs. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Hospitality Investors Trust is a publicly registered, non-traded real estate investment trust whose initial offering became effective in 2014 and which declared bankruptcy in 2021. The risks materialized and HIT REIT filed for bankruptcy in May 2021. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. The White Law Group continues to HIT REIT Files for Chapter 11 Bankruptcy Protection The White Law Group continues to investigate potential securities claims involving Blog, Current Investigations, Securities Fraud. HIT is a non-traded REIT. HIT REIT Hospitality Investors Trust Losses update April 8, 2021 Possible bankruptcy Have you suffered losses investing Securities Investigation Hospitality Investors Trust Inc. Are you concerned about Hospitality Investors Trust Inc. losses? Did you lose money by following a brokers recommendation to invest in Hospitality Investors Trust REIT? Hospitality Investors Trust Inc. (HIT REIT) Investment Losses. Annual Meeting/Annual Report | HIT REIT Some other risks described in the prospectus include: We have no prior operating history or established financing sources and will rely on our advisor to conduct our operations. How to RecoverHospitality Investors Trust (HIT REIT)InvestmentLosses, HIT REIT Hospitality Investors Trust Losses, update April 8, 2021. For more information, please visit our About Us section. Hospitality Investors Trust is under forbearance with its mezzanine loan lenders until June 30, according to Bloomberg News. Analyst's Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The amount we charge is based on how much we recover for you. Despite a number of significant red flags dating back many years, HIT continued to be sold to many clients around the country. Hospitality Investors Trust no longer has sufficient cash fund its obligations and Brookfield is the only likely provider of additional liquidity, according to its 2020 annual report. On May 19, 2021, Hospitality Investors Trust Inc., a non-traded REIT that owns a portfolio of hotel properties, filed for Chapter 11 bankruptcy in Delaware to restructure its $1.3 billion unsecured debt. Hospitality Investors Trust (HIT) is a publicly registered non-traded real estate investment trust (REIT), formerly known as American Realty Capital Hospitality Trust. Scott is admitted to practice in New York and Florida and the firms FINRA arbitration attorneys represents investors nationwide. Harion has an intensive course in Business Supplementary in Kaplan (Canada). Healthcare Trust Inc. REIT Lawsuits - Compensation & Help Free AlphaBetaStock's Cheat Sheet (No CC)! This law blog website is managed by MileMark Media. Shares were originally sold for $25.00 per share. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Though COVID hit the hotel industry hard in 2020, Hospitality Investors Trusts share values had plummeted for years prior to the pandemic, and the for gross abuse of trust by an investor in 2018. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors. Epiq 11 How long will it take to resolve my lawsuit? Unfortunately, many of the investors didnt even know the loss because they were both unaware of the risks of the investment and it is not traded on the exchanges. Unfortunately for investors, this sales price would represent a significant loss on their capital investment, as the original purchase price was $25.00 per share. Ashford Hospitality Trust : Files Lawsuit Against Cygnus Capital To Hospitality Investors Trust Inc., a publicly registered non-traded REIT formerly known as American Realty Capital Hospitality Trust, has filed for Chapter 11 bankruptcy in Delaware to restructure its $1.3 billion unsecured debt. According to the US Securities and Exchange Commission, [b]ecause they do not trade on a stock exchange, non-traded REITs involve special risks. For example, several executives in the trust have financial interests in other REITs and other non-traded business development companies. Ashford Hospitality Trust gave up a portfolio of 13 hotels as it struggled to stem losses and fumbled with forbearance agreements in an effort to avoid defaults. As such, we believe that part of our role as attorney is to offer a supportive environment for our clients and to provide advice and support as we attempt to recover these investment losses. The White Law Group may be able to help you recover your financial losses by filing a. arbitration claim against the brokerage firm that sold you the investment. Hospitality Investors Trust - Overview, News & Competitors - ZoomInfo Shareholders of the common stock will receive one CVR in exchange for each shareof commonstock. The White Law Group is investigating potential securities fraud claims involving broker-dealers improper recommendation that investors purchase high-risk non-traded REIT investments, like Hospitality Investors Trust(aka HIT REIT). Hospitality Investors Trust Inc. (HIT REIT) Files Chapter 11 Bankruptcy, HIT REIT Hospitality Investors Trust Losses, update April 8, 2021, Damian BairdSuspended from the Securities Industry, Peakstone NYSE Listing Disappoints Shareholders. These increases were mainly a result . On May 19, 2021, Hospitality Investors Trust, Inc. ("HIT") and its operating partnership, Hospitality Investors Trust Operating Partnership, L.P. (the "OP" and, together with HIT, the "Debtors," and, together with their subsidiaries, the "Company"), entered into a restructuring support agreement (the "RSA") with Brookfield Strategic Real Estate Since then, the price of HIT has decreased dramatically, reaching an estimated net asset value of $9.21 per share in December 31, 2018. for account-related questions. In December, Hospitality Investors Trust turned the cash payment to payment-in-kind to preserve liquidity. Hospitality Investors Trust REIT Investigation - Class Actions Lawsuits These distributions could reduce the amount of capital invested in properties and could negatively impact the value of an investors investment. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); This field is for validation purposes and should be left unchanged. 2015 by The White Law Group, LLC All rights reserved. Hospitality Investors Trust to be acquired by property giant through bankruptcy, Photo illustration of Brookfield Property Partners Brian Kingston (Brookfield, iStock). Recommendations should be appropriate in light of the investors age, risk tolerance, net worth, and investment experience. While REITs are often marketed as low-risk, high yield investments, FINRA and the SEC have recently increased scrutiny into the marketing of these investments. Brokers and financial advisors have a duty to the people they serve to make only suitable investment recommendations. In addition, our investigation has revealed that some advisors who sold HIT REIT to their clients also sold other questionable or potentially unsuitable products to their clients. Hospitality Investors Trust Bankruptcy: Investors May Have Options The estimated current value of a share based on limited secondary trading values is less than $1, and HIT has now filed for bankruptcy. If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA dispute resolution claim against your brokerage firm. . Moreover, we will do our best to keep you updated and manage expectations along the way. The REIT primarily owns Hilton, Marriott and Hyatt brands. Hospitality Investors Trust REIT Shares Crash. Investors Staring at a After all, a non-traded REIT is considered to be a complex, illiquid, and high-risk investment, not suitable for many retail investors. If you invested in Hospitality Investors Trust REIT, Contact Peiffer Wolf for a FREE CONSULTATION by calling 585-310-5140 of by filling out a Contact Form on this website. For more information about The White Law Group call our Chicago office at 312-238-9650 or visit us on the web at http://www.whitesecuritieslaw.com. Advisors and brokers who improperly recommended the HIT to their clients may be held liable for the losses. Stock Loss Recovery Lawyer. According to news reports, on May 13, the REIT's executive officers and employees received $2.5 million in retention bonuses. Further, some brokers allegedly sold the HIT REIT to retirees or elderly clients close to retirement. An REIT is a company that owns and operates large amounts of real estate. Shares were originally sold to most investors at $25 a share. CHICAGO, June 03, 2021 (GLOBE NEWSWIRE) -- The White Law Group is investigating potential securities claims involving broker dealers who may have unsuitably recommended Hospitality Investors. We provide confidential and free initial consultations and case reviews. The White Law Group, LLC Announces Potential Securities Claims Our securities attorneys are investigating Hospitality Investors Trust (HIT REIT) for potential legal claims on behalf of shareholders. You should consult an attorney for individual advice regarding your own situation. According to an April report by The DI Wire, the REITs board lowered the NAV to $8.35/share as of December 31, 2019. After the bankruptcy plan becomes effective, Brookfield will provide a $25 million exit facility. Both loans bear interest at 15 percent per year. After all, the hospitality industry has taken a major hit during the pandemic. Those payments, which are not guaranteed, are reportedly set at a maximum amount of $6.00 a share and are generally not transferrable. Hospitality Investors Trust REIT Lawsuit Investigation, Gender Discrimination against Transgender and Nonbinary People, Cole Credit Property Trust III (CCPT III). REITs like this are only suitable for savvy and wealthy investors, because these complex investment products are often risky and highly illiquid, meaning investors may be stuck and not able to access their money. Brookfield will provide a $25 million exit facility to Hospitality Investors Trust once the bankruptcy plan has been in place. Brookfield to Buy Hotel Operator Hospitality Investors Trust Investigating Potential Lawsuits involving Healthcare Trust Inc. There were numerous conflicts of interest within the trust. Contact our firm to learn more about your options. The HIT REIT made adjustments to bonuses for key executives, as well. Yes. Investors looking to sell these investments often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale. The attorneys and staff at Peiffer Wolf Carr Kane Conway & Wise produce top-quality work and our results speak for themselves. The contingency fee amount is determined by the type of case, our estimate of how long it will take to resolve your case, and our estimate of the litigation costs we will advance in your case. REITs collect money from investors, then use it to buy properties such as hotels, shopping centers, apartment buildings, or office buildings. Its self-tender offer (that is, an offer to buy its own shares) set a much lower price for shares. Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels. 7:18 pm Many debts under the plan are to be satisfied in full, including those of general unsecured creditors. Dedicated to the representation of investors in claims against their financial professional or brokerage firm, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions. The trust doesnt have enough cash to fund its duties, and Brookfield, its largest investor, might be its only source of additional liquidity, the publication reported. HIT filed for Chapter 11 bankruptcy in May 2021, according to a report by The DI Wire. REIT Investors have won several securities litigations involving financial institutions with the intention of recovering from their securities losses. Were investigating whether brokers or financial advisors recommended this REIT to their clients, even if it was not suitable for them. The White Law Group continues to Hospitality Investors Trust, Inc. (HIT REIT) 2021 Lawsuit *UPDATED* Did your broker recommend an investment in Hospitality Investors Trust Blog, Current Investigations, Securities Fraud. The lure of high commissions is to blame, without detracting from the responsibility of the brokers who should have known better. Have you suffered investment losses in a Hospitality (Non-traded) REIT? These REITs include: If you invested in any of these REITs, or others, we may be able to help. Last December we told you that Hospitality Investors Trust Inc. (HIT REIT), a publicly registered non-traded REIT, amended its limited partnership agreement with its investment partner, Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC. Healthcare Trust Inc. is a publicly registered non-traded REIT (real estate investment trust) that was sponsored by AR Global. Our lawyers provide free confidential case evaluations, and we never charge any fees or costs unless you first recover. Shares were originally sold to most investors at $25 a share. The firm is led by Scott Silver, a former Wall Street defense attorney who has been representing customers in securities and investment fraud cases since 2002. As of December 31, 2019, it was listed at $8.35 per share, a 9.3% decrease from the 2018 NAV. FINRA cautions investors to carefully consider the fact that these products are generally illiquid. HIT REIT has yet to declare a Net Asset Value (NAV) for 2020.
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