May 20, 2020 Comments Off on Passco Asheville Exchange DST, Investigating Potential Lawsuits Blog, Current Investigations

Passco Asheville Exchange DST, Investigating Potential Lawsuits

Passco Asheville Exchange DST, Investigating Potential Lawsuits, featured by Top Securities Fraud Attorneys, The White Law Group

Concerned about your investment in Passco Asheville Exchange DST?

Are you concerned about your investment in the Passco Asheville Exchange DST? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

According to its website, Passco Companies, LLC has acquired over $5.6 billion in multifamily and commercial real estate in the United States and is a recognized provider of investment opportunities in real estate projects.

Passco filed a Form D to raise capital from investors for the offering Passco Asheville Exchange DST  in 2018.  The type of entity is a Statutory Trust and the total offering amount was purportedly $28,325,000, according to the Reg D.

While there is a time and place for most investments, DSTs are not appropriate for many investors as they come with a few disadvantages.  For example, 1031 DSTs cannot raise new capital once the investment is made leaving investors holding the bag if expensive repairs are needed or other issues arise – like a drop in occupancy or rental income. The investors also have limited control over the property.  While the sponsor may welcome feedback from the investors in the DST, they don’t allow any actions to be taken by any one investor.

Additionally, 1031 DSTs are illiquid, and it can often be difficult to find a buyer if an investor wants to sell their interest before the property is sold.

The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk investments to investors.

Despite  the risks of investing in DSTs, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.

Fortunately, FINRA does provide for an arbitration forum for investors to resolve disputes if a broker or brokerage firm makes an  unsuitable investment recommendation  or fails to adequately disclose the risks associated with an investment. It is possible that they could be found liable for investment losses in a FINRA arbitration claim.

Free Consultation with a Securities Attorney

If you are concerned about your investment in the Passco Asheville Exchange DST, please call the securities attorneys at The White Law Group at 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 Franklin, Tennessee.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.

 

 

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