Australia markets close in 5 hours 19 minutes
  • ALL ORDS

    7,621.50
    +44.30 (+0.58%)
     
  • ASX 200

    7,360.90
    +48.60 (+0.66%)
     
  • AUD/USD

    0.7712
    -0.0002 (-0.03%)
     
  • OIL

    71.22
    +0.34 (+0.48%)
     
  • GOLD

    1,868.40
    +2.50 (+0.13%)
     
  • BTC-AUD

    52,402.93
    +1,376.44 (+2.70%)
     
  • CMC Crypto 200

    1,011.61
    +42.77 (+4.41%)
     
  • AUD/EUR

    0.6362
    +0.0000 (+0.00%)
     
  • AUD/NZD

    1.0796
    +0.0001 (+0.01%)
     
  • NZX 50

    12,624.30
    +62.13 (+0.49%)
     
  • NASDAQ

    14,128.20
    +129.90 (+0.93%)
     
  • FTSE

    7,146.68
    +12.62 (+0.18%)
     
  • Dow Jones

    34,393.75
    -85.85 (-0.25%)
     
  • DAX

    15,673.64
    -19.63 (-0.13%)
     
  • Hang Seng

    28,842.13
    +103.23 (+0.36%)
     
  • NIKKEI 225

    29,413.69
    +251.89 (+0.86%)
     

HOSPITALITY INVESTORS TRUST INVESTOR ALERT: KlaymanToskes Investigates Investor Losses in Light of Chapter 11 Bankruptcy Filing

·2-min read

NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) -- National investor fraud law firm, KlaymanToskes (“KT”), announces an investigation on behalf of investors in Hospitality Investors Trust (“HIT REIT”), formerly known as American Realty Trust, following the filing for Chapter 11 Bankruptcy Protection in the United States Bankruptcy Court for the District of Delaware (Case No. 21-10831). Hospitality Investors Trust is classified as a Non-Traded Real Estate Investment Trust (“REIT”) that was touted as offering current income to investors with a conservative to moderate risk tolerance. Non-Traded REITs tend to have high expenses and fees, along with limited liquidity which make this type of investment unsuitable for most investors.

Non-Traded REITs, such as Hospitality Investors Trust, are inherently more risky than traditional fixed income investments, due to the high level of commissions, fees, and leverage associated with the capital structure. According to securities attorney, Lawrence L. Klayman, “Non-traded REITs are subject to risks that are not easily understood by investors who lack the sophistication to determine the nature of the risks associated with the strategy.” Failure to fully disclose all relevant facts, including the risks and expenses, related to investments may be a cause of action in a Financial Industry Regulatory Authority (“FINRA”) securities arbitration claim.

The sole purpose of this release is to investigate investment advice provided by full-service brokerage firms related to Non-traded REITs, such as Hospitality Investor Trust for investors with income investment objectives and a conservative or moderate risk tolerance. Investors with losses in excess of $250,000 from concentrated investments in non-traded REITs at full-service brokerage firms who have information related to the handling of their investment portfolios are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131, and download our Special Investor Report.

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net‐worth, ultra‐high‐net‐worth, and institutional investors, such as non‐profit organizations, unions, public and multi‐employer pension funds. K&T has office locations in California, Florida, New York and Puerto Rico.

Destination: https://klaymantoskes.com/hospitality-investors-trust-investor-alert-klaymantoskes-investigates-investor-losses/

Contacts:

KlaymanToskes
Lawrence L. Klayman, Esq., (561) 542-5131
lklayman@klaymantoskes.com
www.klaymantoskes.com