Chris Wright of Center Street Securities REIT Sales

Soreide Law Group has been contacted by investors, due to alleged losses in non-traded REITs recommended by broker Chris Wright, with CENTER STREET SECURITIES, INC. of Prescott, Arizona, 
CHRISTOPHER WARREN WRIGHT (CHRIS WRIGHT) CRD#: 4134973.  
Allegedly, Chris Wright has been contacting several investors to make purchases in Northstar REITs.  Customers of Wright who have purchased Northstar investments, have suffered significant losses due to his alleged recommendations.
A non-traded REIT (Real Estate Investment Trust) is a form of real estate investment that is designed to reduce or eliminate tax while providing returns on real estate. Non-traded REITs do not trade on a securities exchange. Due to this reason, non-traded REITs can be illiquid causing problems for investors if they need to sell on short notice.  Front-end fees can be high, as much as 15%.  The typical traded REIT fees are usually around 7 %.  Due to the risks involved with non-traded REITs, they should be only sold to those investors with a long-term investment goals, willing to accept the high risks involved with these investments.
In 2013, the Northstar Healthcare Income, Inc. Non-Traded REIT was issued at $10.20.  In December of 2018, it was announced that the shares were valued at a 30% decline, $7.10. In February of 2019, the Northstar Healthcare Income, Inc. Non-Traded REIT announced it was suspending its dividends.  After announcing the dividend had been suspended, the price per share of the Northstar Healthcare Income, Inc. Non-Traded REIT declined further.    Now the investors are holding an illiquid investment with substantial losses, no longer paying a dividend.
According to FINRA’s BrokerCheck, Chris Wright, has been in the securities industry for 18 years and has been listed with 4 firms. He has been registered with the following firm since 6/7/2010:
CENTER STREET SECURITIES, INC.
3181 Clearwater Dr. Suite A
PRESCOTT, AZ 86305
If you’ve suffered losses due to the purchase of non-traded Northstar REITs, or any other non-traded illiquid REITs, through Chris Wright with CENTER STREET SECURITIES, INC. of Prescott, Arizona, or any other broker/dealer, contact Soreide Law Group and speak to an experienced securities lawyer regarding the recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency based fee.