oreide Law Group (888-760-6552) has filed claims on behalf of investors who have losses in Lightstone Real Estate Income Trust, Inc. Did your broker/dealer or financial advisor recommend purchasing shares in this non-traded real estate investment trust?
Lightsone Real Estate Income Trust, Inc. recently approved lowering the monthly distribution by 50%, from 8% to 4%. The reason given for the decrease in dividends by board of directors was a lack of liquidity and operating costs due to concerns the 8% was no longer sustainable based upon the funds from operations. A reduction in dividends often precedes a dividend suspension.
The following are the non-traded REIT offerings of Lightstone Real Estate Income Trust, Inc.:
Lightstone Real Estate Income Trust, Inc.
Lightstone Value Plus REIT, Inc.
Lightstone Value Plus REIT II, Inc.
Lightstone Value Plus REIT III, Inc.
Non-traded REITs do not trade on a public securities exchange which often make them illiquid, and unable to sell on demand. Non-traded REITs are typically suitable only for investors with long-term investment goals who are willing to accept the higher levels of risk in their portfolios. Non-traded REITs and their risks must be explained to the investor by their brokers and financial advisors who recommend these complex and illiquid investments. REITS often have high commissions, usually between 7 to 10% and could carry administrative fees up to an additional 1 to 3%.
Lightsone Real Estate Income Trust, Inc., was incorporated in 2014, as a publicly registered non-traded REIT. Lightstone REIT began offering their securities in February of 2015 and terminated its offering in March of 2017 after it raised approximately $85.6 million in investor funds. Lightstone REIT consists of income producing residential or commercial real estate. It originates, acquires, and manages real estate properties across the United States.
If your broker/dealer or financial advisor recommended purchasing any of the non-traded Lightsone Real Estate Income Trust, Inc. products, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis.