Have you suffered losses in Whitestone REIT (f/k/a Hartman Commercial Properties REIT)? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through FINRA arbitration.
Whitestone REIT, originally known as Hartman Commercial Properties REIT, was a publicly offered, non-traded REIT. The sponsors of the Hartman REIT began offering shares to investors through stock brokerage firms in 2004. In early 2009, it was announced that the value of Whitestone REIT had declined by roughly 50%. For many investors, this was the first time they realized that there was a problem with their investment. Although in 2010, Whitestone REIT began trading on the New York Stock Exchange, it is still trading at substantially less than the amount most people paid for their shares.
The White Law Group continues to investigate the liability that FINRA registered brokerage firms may have for improperly selling high-risk REITs, like Whitestone REIT, to their clients.
Notwithstanding the risks of investing in REITs, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation. Brokerage firms generally make between 7-10% for selling a REIT, which is far in excess of the typical commission for more traditional investment types.
To speak with a securities attorney regarding your investment in Whitestone REIT, please call The White Law Group at 312/238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit the firm’s website at http://www.whitesecuritieslaw.com.