NorthStar Healthcare REIT Lawyers Based in New York
Have you been sold NorthStar Healthcare REITs? As a non-traded REIT, little public information is available about it, which places a heavy responsibility of conducting due diligence on the broker. Unfortunately, the truth is that brokers have a large incentive to recommended non-traded securities due to the hefty commissions they get, and this can be done to the investor’s detriment. If you have suffered unexpected losses from NorthStar Healthcare REITs due to your broker’s failure to conduct due diligence, legal recourse is available to you.
Let our attorneys at Weltz Law assist you with the legal process from start to finish. Call us at (877) 905-7671 today.
What Are NorthStar Healthcare REIT?
NorthStar Healthcare was formed to acquire and manage assets in healthcare real estate. Despite reporting a portfolio of $2.4 billion in June 2019, it claims to be unprofitable, and investors have made huge losses, not having received any dividends or distributions. In fact, according to available financial data, NorthStar Healthcare was only left with a net equity of $700 million in September 2019, having lost more than half the funds poured into it by investors. Many investors were marketed NorthStar Healthcare REITs as a safe, income-generating REIT when that was never the case. Yet others had their portfolio overconcentrated with this REIT under the misguided advice of their stockbrokers.
Proving NorthStar Healthcare REIT Losses
Proving a working relationship with your brokerage firm as well as the fact that you were recommended and consequently bought NorthStar Healthcare REITs is essential for your case. Your case hinges on your broker having failed to conduct due diligence before recommending the REITs to you, whether it is deliberate or unintentional. Investors who were misled or pressurized into letting NorthStar Healthcare REITs make up a huge portion of their investment portfolios may have a further case of overconcentration. When overconcentration occurs, investors tend to suffer significant losses when the particular security does badly. Non-traded REITs have been found to underperform even in safe benchmarks, such as those of treasury bonds.
Recovering Damages from NorthStar Healthcare REIT Losses for Clients Nationwide
Have you suffered unexpected losses from investing in NorthStar Healthcare REITs? Private customer dispute arbitration claims are open for all victims under FINRA. However, do not make the mistake of attempting to negotiate your claim without the guidance of an experienced attorney. At Weltz Law, we are familiar with the laws governing securities arbitration and can help you fight to maximize your claim.
You can reach Weltz Law at (877) 905-7671 or via the form online to schedule a meeting regarding your NorthStar Healthcare REIT case.
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