Soreide Law Group is investigating potential investor claims tied to sales practice violations by financial advisors and securities brokers. One investment raising concerns is NB Grant Street DST, a real estate-based product sold to retail investors across the country. Information has emerged suggesting that investors may not have been fully informed about the risks, making it important to carefully review how these products were marketed and sold. The sections below provide a clear overview of what this investment is, why it matters, and what issues have been reported.
What is NB Grant Street DST?
NB Grant Street DST is structured as a Delaware Statutory Trust, a legal vehicle often used to hold and manage real estate investments. DSTs are frequently promoted as opportunities for tax deferral under Section 1031 of the Internal Revenue Code, allowing investors to reinvest proceeds from the sale of property without immediately recognizing capital gains. These trusts are typically managed by a sponsor who controls the acquisition and management of the underlying property, while investors purchase fractional interests. Although often positioned as an income-generating, tax-advantaged investment DSTs are complex and designed primarily for sophisticated or high-net-worth investors.
Concerns About NB Grant Street DST
NB Grant Street DST has been flagged for characteristics that could pose serious risks to investors. The most notable concern is its illiquidity—unlike traditional investments DST interests are not easily sold or exchanged, which can trap investors if their financial needs change. In addition, such offerings are known to carry high upfront commissions and fees, creating potential conflicts of interest where brokers may be motivated more by compensation than client suitability. There are also questions regarding whether sufficient due diligence was performed prior to recommending these investments, as well as whether investors were provided with balanced disclosures about the potential for loss.
Sales Practice Violations
Broker-dealers and advisors have a duty to ensure that any product they recommend is suitable for the client’s risk tolerance, financial situation, and overall objectives. Violations can occur when unsuitable investments are recommended, when the risks are minimized or misrepresented, or when an investor’s portfolio is concentrated in a single high-risk product. In cases like NB Grant Street DST, these failures may give rise to claims through FINRA arbitration or other legal channels, where investors can seek to recover financial losses linked to improper sales practices.
Did You Sustain Losses By Investing in NB Grant Street DST?
Did you experience losses because of investing in NB Grant Street DST as a result of advice from your financial advisor or securities broker? If so, contact Soreide Law Group online or call (888) 760-6552 to speak with a securities attorney about a potential recovery of your losses. Soreide Law Group has helped investors nationwide pursue claims and recover compensation. The firm advances all costs and works strictly on a contingency fee basis, meaning clients pay no attorney’s fees unless a recovery is obtained.
This information is provided to help investors understand their rights and options. If you invested in NB Grant Street DST and believe the investment was unsuitable, you may have legal recourse.