United Mortgage Trust Secondary Market Offer
Did you lose money investing in United Mortgage Trust at the advice of your broker? If so, the attorneys at The White Law Group may be able to help recover some of your losses. We are investigating potential FINRA arbitration claims against brokerage firms that sold United Mortgage Trust to clients.
United Mortgage Trust is a real estate investment trust (REIT). According to their website, the company invests in residential real estate loans. Investor funds are pooled to acquire and own these assets that might otherwise be outside the means of a typical investor. They “seek to produce net interest income from their mortgage investments while maintaining strict cost controls in order to generate net income for monthly distribution to our shareholders. “
The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) like United Mortgage Trust. In those claims, the firm has alleged, among other things, that REITs were (1) high-risk and unsuitable for our clients given their financial needs and investment objectives, (2) that the risks of the investment were not fully disclosed to them, and (3) that the brokerage firms that sold the investments failed to follow FINRA rules to perform adequate due diligence.
Secondary Market offer
According to LPsales.com, a secondary marketplace for non-traded REITs, shares of United Mortgage Trust were priced at $1.75 per share in January 2017. That’s close to 80% less than the original purchase price of $10.00 per share.
Non-Traded REITs are complex products that involve a significant degree of risk and arguably unsuitable for many investors. Brokerage firms that overlooked suitability requirements or failed to disclose the risk when recommending United Mortgage Trust to clients, may be liable for losses.
If you invested in United Mortgage Trust and would like to discuss your litigation options with a securities attorney, please call The White Law Group at 1-888-637-5510 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 Vero Beach, Florida.