Inland Real Estate Income Trust Shareholders may have Recovery Options
The White Law Group is investigating potential securities claims involving the liability broker dealers may have for improperly recommending Inland Real Estate Income Trust to investors.
Inland Real Estate Income Trust, Inc. was formed to acquire, directly or indirectly, a portfolio of commercial real estate located throughout the United States. The REIT is focused on acquiring grocery-anchored retail assets, according to its website.
According to a letter to shareholders on January 9, the Covid-19 global pandemic has caused “impactful and long-lasting effects on commercial real estate.”
As of September 30, 2020, Inland Real Estate Income Trust’s economic occupancy is at 93.8 percent. The company notes that “although all tenants of the Company have been impacted differently by the government shutdowns enacted to help mitigate the spread of the virus, 91 percent of rents were collected in November, slightly higher than the national retail rent collection average of 89 percent.”
The company suspended distributions, the distribution reinvestment plan, and the share repurchase program last spring to preserve cash and has not said when these programs will be reinstated.
The Trouble with Non-Traded REITs
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.
The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to 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. 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 have invested in Inland Real Estate Income Trust and would like to speak to a securities attorney about the potential to recover your investment 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.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.