Certifications and Licenses: CFP, Cambridge, CEA, CPA-20, CPA-10, PQO, FBB-100 and CA-300. If you invested in HIT REIT and have lost part of your investment, not received your distributions, or remain stuck in the uncertain REIT, you may be eligible for monetary recovery. Healthcare Trust Inc. REIT Lawsuits - Compensation & Help If you are one of these investors, we encourage you to reach out to one of the experienced investment fraud lawyers at Haselkorn & Thibaut for a no-charge assessment of your case for a potential claim for recovery of your losses. The REIT price continued to decrease over the course of these announcements. These alternative investments are generally only suitable for savvy investors who are wealthy and sophisticated. the Company and its operating partnership, Hospitality Investors Trust Operating Partnership, L.P., a Delaware limited partnership (the "OP"), entered into a Restructuring Support Agreement (as may be subsequently amended or modified from time to time, the "RSA") with the Supporting Stockholder; WHEREAS, on May 19, 2021 2022 Peiffer Wolf Carr Kane Conway & Wise, LLP. Carlson Law represents investors involved in claims against financial advisors and investment firms throughout the United States. Investors are unlikely to recover much of the money they invested. According to Central Trade & Transfer, a secondary market for non-traded REITs, shares of HIT REIT sold for just $0.46 per share in 2021. Our advisor has no operating history and is a newly formed entity which has no experience operating a public company., There is no guarantee that distributions will be paid. Non-traded REITs are not traded on the public securities exchange, meaning that these REITs can often be illiquid. If your broker suggested Hospitality Investors Trust REIT, and it was not an appropriate investment for you, you may be eligible to file a class action. ContactPeiffer Wolf today by filling out aContact Formon our website or by calling585-310-5140to schedule aFREE Case Evaluation. Our contingency fee agreements are usually based on a percentage of the amount we recover for our clients. They must ensure that all recommendations are suitable for the investor. According to Law360, the Hospitality Investors Trust received court approval for its Chapter 11 bankruptcy restructuring plans. According to news reports, on May 13, the REITs executive officers and employees received $2.5 million in retention bonuses. Hospitality Investors Trust (HIT), formerly known as American Realty Capital Hospitality Trust, is a non-traded REIT. The maximum amount of payments made per CVR will not exceed $6.00 and will not be transferable, except in limited instances such as the death of the holder. Silver Law Group is a team of securities lawyers, forensic accountants, and support staff who are dedicated to helping investors recover losses through securities arbitration and litigation. HIT was originally a blind pool offering, further making the investment highly speculative. Thus, the securities law firm of Peiffer Wolf has begun another investigation into any and all brokers and advisors who recommended NorthStar Healthcare REIT to investors. Real estate investment trusts (REITs) arecomplex and inherently risky products. The trust. Healthcare Trust Inc. is a publicly registered non-traded REIT (real estate investment trust) that was sponsored by AR Global. Contact information is provided below: Copyright 2023 Hospitality Investors Trust, Inc. All Rights Reserved. The properties are under the brand names Hilton, Hyatt, and Marriott. (504) 523-2434 Every case is different, and we will do our best to provide you with an estimate based on your case and our experience with similar cases. The Levin Papantonio Rafferty law firm is representing investors who were sold shares of the HIT REIT in claims to recover their losses. He assumed the Investor Relations position at Valora Asset Management on january/2020. Hospitality Investors Trust is a publicly registered, non-traded real estate investment trust whose initial offering became effective in 2014 and which declared bankruptcy in 2021. Contact our firm to learn more about your options. The White Law Group is investigating potential securities fraud claims against the broker dealers that improperly sold high risk non-traded REITs, like HIT REIT to investors. Hospital Investors Trust has faced a steady decline in its price in the last few years which has been further exacerbated on account of the impact of Covid-19 from March 2020 onwards. For more information on The White Law Group, visitwww.whitesecuritieslaw.com. Both loans bear interest at 15 percent per year. Hospitality Investors Trust (HIT) REIT Files Bankruptcy - Investor Alert . for account-related questions. He was named to the Top 40 Under 40 by Daily Journal and a Rising Star in Class Actions by Law360. Davids advocacy has generated major recoveries for consumers impacted by financial fraud. After all, a non-traded REIT is considered to be a complex, illiquid, and high-risk investment, not suitable for many retail investors. The White Law Group, LLC Announces Potential Securities Claims These professionals are ethically bound to tell their clients about the risks associated with recommended investments. If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment. Usually that is not the case when dealing with legal matters but you guys (gals) rock., Ive always found them to be extraordinary counsel in terms of their preparation and their professionalism.. The recent filing by HIT REIT for bankruptcy protection in United St only increases the losses. According to Central Trade & Transfer, a secondary market for non-traded REITs, shares of HIT REIT sold on March 31, 2021 for just $0.46 per share. Did your Advisor Recommend a Hospitality REIT? How long will it take to resolve my lawsuit? Hospitality Investors Trust to be acquired by property giant through bankruptcy, Photo illustration of Brookfield Property Partners Brian Kingston (Brookfield, iStock). HIT filed for Chapter 11 bankruptcy in May 2021, according to a report by The DI Wire. Contact us now for a free consultation! Shares traded on CTT Auctions, a secondary market for non-traded REITs in September for $0.66 per share. Non-traded REITs are risky investments, but they may offer high commissions, so that brokers may have an incentive to get clients to buy shares.