REIT, or real estate investment trusts are a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors. The REIT structure was designed to provide a real estate investment structure similar to the structure mutual funds provide for investment in stocks. REITs can be publicly or privately held. Public REITs may be listed on public stock exchanges.
REITs are often sold by brokers as conservative, income producing investments. However, REITs usually pay brokers high commissions and many brokers sell nonpublic REITs as stable, income producing investments appropriate for retirees and near retirees. The fact is that REITs have significant risks, including lack of liquidity, lack of information, and they are full of expenses that benefit the sponsors and brokers that sell them.
If you have been sold a REIT that you lost money from, and you were not told about the risks, the high commissions, expenses or if it was not suitable for your needs and objectives, you likely have a claim.
Heiner Law Offices Knows How to Prosecute REIT Claims
Our law firm has the knowledge and experience to know what to look for when evaluating the merits of a potential REIT claim. If you have been sold one or more REITs that you’ve lost money from, we will find out what you were told. We will analyze your investments and review documents you were provided at the time of the sale. If we determine you have a claim, once you retain our firm, we will pursue the wrongful parties with vigor and work hard to get your money back.
Heiner Law Offices has represented many investors that have improperly been sold REITs. We have the experience, determination and skill to see that you get justice with your claims. We will tirelessly work on your behalf to hold the wrongdoers accountable. We will do everything we can to help you recover your losses.
Contact Us for a Free Consultation
Contact our office today to discuss your case. We offer a free initial consultation. You can reach us by phone at 801-366-5200 or via email. We try to take every case on a contingency basis which means we don’t collect a legal fee unless we successfully make a financial recovery for you.