Did you invest in risky Tenants In Common ("TICs")? Soreide Law Group is currently investigating the following TICs: Westridge Executive Plaza, Gemini East West S, LLC, USA Tranquility Lakes Apartments, Covington Arbors Acquisition, and USA Matthews Corners. It has come to our attention that these investments may have been unsuitable or inappropriate for certain clients […]

A Tenant in Common, also known as a "TIC," is described as a way for two or more persons to own property together. Tenants in common may own equal or unequal shares of the property, and there are no rights of survivorship. When one of the co-owners dies, his or her share of the property […]

There are many real estate investors attracted to Tenant-In-Common (TICs) for the purported tax savings through the like kind exchange provisions in the IRS code Section 1031, which allows for the investor a deferral of capital gains. Up until 2013, the capital gains rate was only 15%. Investors need to calculate the net amount of […]

Tenant in Common (TIC) investments, or 1031 exchanges, are a form of real estate ownership in which multiple investors own fractional interests in a property. Many brokers and brokerage firms sold billions of these products to investors across the country allegedly charging high fees, and doing little or no due diligence. They were investments with […]

With the stock market crash of 2008-2009 there has been an onslaught of investors filing lawsuits against their stock brokers and brokerage firms for providing them with unsuitable advice. There is a direct inverse correlation with stock index averages and new case filings. In other words, in a down market more cases are filed. Many […]

These TICs (Tenancy In Common) and DSTs (Deferred Sales Trusts) are currently under review by Soreide Law Group, PLLC, for our clients. If you have sustained losses in the following Tenant-in-Common (“TIC”) Investments, or Deffered Sales (DSTs) Trusts, call Securities Attorney Lars K. Soreide of the Soreide Law Group today at 1 (888) 760-6552 or visit www.securitieslawyer.com for […]

In a February 14th., 2012, article in InvestmentNews.com, Bruce Kelly writes that LPL Financial, LLC, is on the hook for a $1.4 million arbitration awarded to an elderly couple who bought real estate deals. According to the attorney for the plaintiffs, the property investments relied on “tricks” to boost their yields before they collapsed. Heinrich […]

In an InvestmentNews.com article by Bruce Kelly, he writes that failed private placements issued by Medical Capital Holdings Inc. and Provident Royalties LLC have forced dozens of broker-dealers to close, be sold or seek bankruptcy protection. Failed real estate tenant-in-common syndicator DBSI Inc. is threatening to have the same result, with DeWaay Financial Network LLC […]