Category: Blog Posts

The Problems at Strategic Realty Trust, Inc. Go Beyond the Recently Announced Share Re-price

Jul 22, 2014 / Blog Posts

Strategic Realty Trust Inc., formerly known as TNP Strategic Realty Trust Inc., recently informed its investors that the values of their shares (which were originally bought at $10 per share) were being re-priced to $7.11.   The new per share valuation of this non-traded REIT resulted, among several other factors, from Strategic Realty Trust’s troubles in negotiating extensions to pay its loans. For example, according to its quarterly report filed with […]

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Once Again REIT Investments Show Their True Colors

Jul 15, 2014 / Blog Posts

The Wall Street Journal recently highlighted investments of ongoing concern to Attorney Chris Vernon. Describing them as dangerous for retail investors,  the Journal identified Non-Traded REITs as among the investments that retail investors should be wary of, here. As fixed income investors seek better returns in this low interest rate environment,  many are successfully pitched dangerous investments that pose as alternatives to traditional fixed income.  In reality,  these products often […]

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Harmful Results From Severe Liquidity Risks in Alternative Investments

Jun 11, 2014 / Blog Posts

A financial adviser sought out investors through church and faith based relationships, resulting in portfolios filled with illiquid “alternative investments” including non-traded REITs, oil and gas rights, water rights, and a stake in a Ukrainian farming operation.   According to the claims most recently filed by the investor rights law of firms Vernon Litigation Group and Dovin, Malkin, and Ficken against the brokerage firm in charge of supervising the financial adviser […]

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Investor Should Beware of Brokers Pushing non-traded REITs

May 26, 2014 / Blog Posts , Tags:

Billions of dollars are pouring into the coffers of non-traded REITs thanks to fat commissions and even kick back schemes offered to the brokers and firms hawking them. At Vernon Litigation Group, we’ve cautioned investors about the dangers of these high-risk and mostly illiquid investments and reported that securities regulators are increasingly alarmed at the tactics used to sell these products to retail investors. Misrepresentations about these REIT products, which aren’t publicly traded on a […]

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