Concerned about investment losses in Lightstone Value Plus REIT?
Have you suffered investment losses in Lightstone Value Plus REIT? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Lightstone Value Plus Real Estate Investment Trust, Inc. operates as a real estate investment trust. The company engages in investing and owning commercial and residential real estate properties in the United States and Puerto Rico.
The company was founded in 2004 and is based in Lakewood, New Jersey. Lightstone Value Plus Real Estate Investment Trust Inc. operates as a subsidiary of The Lightstone Group LLC, according to Bloomberg.
Update on April 22, 2019
Mackenzie Capital Management has just extended a tender offer to purchase shares of Lightstone Value Plus REIT for just $6.88 per share. That’s significantly less than the original purchase price of $10.00 per share.
According to Mackenzie’s offer, “although the company redeems shares on a quarterly basis, repurchases are limited to hardship cases like the death or disability of a stockholder.” At this point in time, the REIT has not shared if or when it plans to liquidate.
The Problem with Non-traded REITs
Investors looking to sell a non-traded REIT investment often have difficulty finding a buyer, and can suffer significant losses on the sale.
Non-traded REITs, like Lightstone, involve a much greater degree of risk compared to traditional investments, such as stocks, bonds or mutual funds. These types of investments are more complex, lack liquidity and therefore better suited for sophisticated and institutional investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience.
If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Lightstone Value Plus REIT, please contact The White Law Group at (888) 637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information on the firm, please visit www.WhiteSecuritiesLaw.com.