Investments in Inland American REITs have backfired for investors throughout the country. In many instances, these products – including the Inland American Real Estate Trust and Inland Western Retail Real Estate Trust – were pitched by broker/dealers as a low-risk, conservative investment. In reality, however, investors were putting their money into non-traded REITs, and the qualities that define these REITs are anything but conservative.
Non-traded REITs (or unlisted REITs) are not listed on a stock exchange. Redemptions in them are limited at best. Perhaps the biggest downside to non-traded REITs is their fees, which in some cases can be upwards of 15%.
Many investors were woefully unaware of the high fees associated with their non-traded REITs – until it was too late. And for some broker/dealers, that’s just what they had in mind when they pitched these products to their conservative clients.
Maddox Hargett & Caruso is investigating a number of non-traded REITs, including the Inland American Real Estate Trust and Inland Western Retail Real Estate Trust. If you suffered investment losses in either of these REITs or another non-traded REIT, contact us to tell your story. A member of our securities fraud team will work with you to determine if some or all of your losses can be recovered.
February 19th, 2010 at 1:34 am
I have read the article with interest and would like to hear more from you on my Inland America REIT investment ($10,00.00) I have been invested since July 2007. Sounds like another winner that my Financial Adviser David Witter in Maitland, FL so strongly recommended. I would like to hear from your company.
Thank you. Russell
March 28th, 2010 at 2:30 pm
my mother invested 10,000.00 almost 10years ago in inland western as advised by a investor in capitol bank in ft.ogle,ga.the monies was to pay for her and my fathers funerals,or so she thought.now she has pancertic cancer and not long to live.we go to get her monies to prepay for her funeral and find out we can not get her money.she is 70 years old my father is 74 this should be a crime.but what do we do ???