A real estate investment trust is a tax designation that can eliminate or reduce corporate income taxes for qualified real estate investors. Commonly referred to as REIT, a real estate investment trust can make a good alternative investment opportunity for people looking to diversify their portfolios, particularly because 90 percent of income earned from these investments is required to be distributed to shareholders.
REITs allow investors to benefit from certain real estate transactions without the risks associated with direct ownership. When done correctly and with reputable and competent firms, this can be a sound investment decision. Unfortunately, it can also be a poor investment decision and one often made without the investor being fully informed of risks.
If you have lost money to a real estate investment trust, you may have cause to file suit. Please contact Colling Gilbert Wright online or call (407) 712-7300 today to schedule a free case evaluation with one of our alternative investment fraud attorneys and learn more about your rights.
Why REITs are Attractive
The stock market can fluctuate wildly and investors always run the risk of losing money in mere seconds. By contrast, REITs have traditionally been sold as stable – an investment that can provide a steady dividend income.
During REIT sales pitches, many investors are never informed of things such as broker fees, suspended buyback programs, and underlying market instabilities that can result in significant losses. If you were not informed of these things you may be able to hold your broker or investment advisor accountable and seek compensation for all of your damages.
REIT Scam Legal Help
As with all types of fraud, victims of REIT scams need an experienced attorney to help guard against pitfalls and secure maximum compensation. The dedicated attorneys at Colling Gilbert Wright would be happy to meet with you free of charge to discuss your case and your rights, and to help you determine the most effective way to get the justice you are due.
To schedule your free consultation with one of our Florida RIET fraud attorneys, please contact us today.