Northstar Healthcare Income REIT has faced numerous customer complaints, lawsuits, and regulatory actions in recent years. This article discusses the various issues surrounding this non-traded real estate investment trust (REIT), including Financial Industry Regulatory Authority (FINRA) fines, barred advisors, financial advisor complaints, and Securities and Exchange Commission (SEC) actions and fines.
A Slew of Lawsuits and Investor Losses
Northstar Healthcare Income REIT conducted its initial offering in 2013 at a price of $10.20 per share. By December 2018, the REIT had declined more than 30%. In December 2018, the net asset value was reduced from $8.50/share to $7.10/share, and by June 2020, it dropped to $3.89 per share. NorthStar REIT suspended all income distributions for investors in February 2019.
This decline in value led to multiple lawsuits filed against Northstar Healthcare Income REIT. Haselkorn & Thibaut (InvestmentFraudLawyers.com) has helped investors file claims for Northstar Healthcare Income REIT victims.
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FINRA Involvement and Disciplinary Actions
FINRA has the authority to take disciplinary actions against firms and individuals for violations of FINRA rules, federal securities laws, and regulations. While specific FINRA fines and barred advisors associated with Northstar Healthcare Income REIT are not mentioned in the search results, numerous law firms represent investors who have filed NorthStar Health Income REIT Lawsuit (FINRA) claims to recover losses.
SEC Filings and Actions
While the search results do not explicitly mention SEC actions or fines against Northstar Healthcare Income REIT, you can find detailed information on the REIT’s financial performance and updates in their SEC filings.
Investor Caution and Legal Assistance
Investors should be cautious when considering non-traded REITs like Northstar Healthcare Income REIT, as they pose unique risks compared to publicly-traded REITs. If you have any knowledge or experience with these matters, please contact Haselkorn & Thibaut, P.A. at 1-888-628-5590, or visit their website.
The Role of Independent Broker-Dealers
Independent broker-dealers such as First Allied, LPL, Cetera, and Woodbury Financial played a significant role in selling Northstar Healthcare Income REIT investments. Many investors have suffered substantial losses due to the decline in the REIT’s value and the suspension of income distributions. Investors who have been affected by these investments are encouraged to seek legal assistance to recover their losses.
Non-Traded REIT Risks and Transparency Issues
Non-traded REITs like Northstar Healthcare Income REIT can be difficult for many investors to understand due to their opaque nature. The risks associated with non-traded REIT investments differ from those of publicly-traded REITs, and the SEC has issued warnings about these risks. Investors should carefully consider these risks before investing in non-traded REITs and seek professional guidance if they have experienced losses.