NEW YORK-BASED REAL ESTATE INVESTMENT TRUST (REITS) LAWYERS

We Serve Clients Nationwide

Real Estate Investment Trusts (REITs) are companies that pool together finances from investors and then invest in (and manage) real estate properties. In such cases, investors are then able to enjoy returns from their investments (in the form of dividends) without having to own or manage any of those real estate properties. While this is a highly regulated area, scams still happen.

If you have lost money in a REIT scam, talk to Weltz Law to start the process of recovering your money. Dial (877) 905-7671 or fill out our online form.

REIT Scams

REITs offer investors an easy and efficient way to get into the real estate sector with minimal or no prior experience. By investing in a REIT, an individual investor can earn dividends from profits made by the REIT. However, many investors have lost millions of dollars through REIT scams. These are perpetuated in a number of ways.
For example, a REIT may sometimes not use the money for the purpose that it was meant for. Another way a REIT scam can be carried out is when the REIT is run inefficiently for the purpose of making money for the REIT managers rather than for the investors. Either way, this is considered a REIT scam and you have a right to recover your money.

Proving REIT Scams

When it comes to REIT scams, most investors become aware that they have been scammed when the REIT is unable to pay their dividends. Sometimes, external auditors may raise red flags regarding how the REIT funds are being used. This includes potential conflicts of interest among the REIT managers and more. Once these are detected, investors can use any number of approaches including court litigation to ensure that all lost money is recovered.

Damages for REIT Scams

If you have been a victim of a REIT scam, you can pursue legal processes to ensure that you get your funds back. Most investors use court litigation to recover their funds, with representation from experienced lawyers. Investors can often recover their money as well as any interest on the dividends that may have accrued over time.

Meet With a Seasoned Attorney to Discuss Your REITs Case

At Weltz Law, we are very focused on ensuring that you get your stolen money back. We understand that for many of our clients, the money lost represents years of savings and therefore a major financial setback. Regardless of the amounts involved in your case, you can be sure that we will take your financial securities fraud case with the seriousness that it deserves. Our attorneys will carefully study your case and offer sound legal advice. We will also explain to you any technical language, so you are fully conversant with the process. In some cases, we do not charge any legal fees until we obtain a recovery.