Recovery of Investment Losses involving Hartman Income Properties XIX
Have you suffered investment losses in Hartman Income Properties XIX? If so, the securities attorneys at The White Law Group may be able to help to recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
According to SEC filings, Hartman XIX and Hartman Income REIT plan to merge with and into Hartman XX, with Hartman XX surviving the merger. In addition, Hartman Income REIT Operating Partnership LP will merge with and into Hartman XX Limited Partnership, the surviving entity. The REIT mergers require the approval of their respective stockholders.
Hartman Income Properties XIX Merger Agreement: Good deal for investors?
The Hartman XIX merger agreement states that each share of Hartman XIX common stock will automatically convert into the right to receive 9,171.98 shares of common stock of Hartman XX common stock.
Each share of 8 percent cumulative preferred stock of Hartman XIX will convert into the right to receive 1.238477 shares of Hartman XX common stock, and each share of 9 percent cumulative preferred stock will convert into the right to receive 1.238477 shares of Hartman XX common stock.
With respect to the Hartman Income REIT merger agreement, each share of Hartman Income REIT common stock will convert into the right to receive 0.752222 shares of Hartman XX common stock, and each share of subordinate Hartman Income REIT common stock will convert into the right to receive 0.752222 shares of Hartman XX common stock.
In connection with the partnership merger, each unit of limited partnership interest in Hartman Income REIT Operating Partnership will convert into the right to receive 0.752222 units of limited partnership interests in the Hartman XX Limited Partnership.
Are Non-Traded REITs suitable for you?
The White Law Group is investigating potential securities fraud claims on behalf of investors involving Hartman Income Properties XIX.
Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, are considerably more complex and involve a high degree of risk. Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs.
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. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses.
If you are concerned about investment losses in Hartman Income Properties XIX at the recommendation of your broker, there may be an opportunity to recover your losses. Please call The White Law Group at 1-888-637-5510 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 Vero Beach, Florida.