Secondary Sales Price for Steadfast Income REIT Suggests Losses for Investors
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The White Law Group is continuing our investigation in regards to the liability that some broker dealers may have for unsuitably recommending Steadfast Income REIT, a real estate investment trust, to investors. If you have suffered from Steadfast Income REIT losses, you may have recourse by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Non-traded Real Estate Investment Trusts (REITs) such as Steadfast Income REIT are generally speculative, high risk investments and due to these risks are often unsuitable for most investors.
Liquidity Problems – Steadfast Income REIT losses
Investors looking to sell non-traded REITs, like Steadfast Income REIT, often have difficulty finding a buyer, and can suffer significant losses on the sale.
CFX Trading, secondary market for private placement investments, recently listed shares of Steadfast Income REIT for $3.00 per share. This may be at a loss to investors, as the original purchase price was $10 per share.
As we told you in April, Steadfast Income REIT has decreased the net asset value per share for the company’s common stock to $10.84 per share which represents a decrease of nearly 7 percent.
Update on May 1, 2019
The board of Steadfast Income REIT Inc., a publicly registered non-traded real estate investment trust, has approved a $9.40 estimated net asset value per share of the company’s common stock as of December 31, 2018.
The company’s previous NAV per share was $10.84, as of December 31, 2017.
If you are concerned about your Steadfast Income REIT losses or have lost money in another non-traded REIT and would like to discuss your recovery options, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free, no risk 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.
FINRA provides an arbitration forum for investors to resolve disputes. The White Law Group represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.