August 2021
Did you invest in Lightstone Value Plus REIT III ?
Did you Suffer Losses?
Lightstone Value Plus REIT III was sold to investors with the promise of a steady and dependable income stream with a potential for a capital gain in 7 years or so. In 2020 the company, following an earlier suspension of dividends, also suspended share redemptions.
Estimated Value Does Not Equal Fair Market Value
While the recent estimated value published by the company is $8.04 per share, there is no conventional market where investors can liquidate this investment. Central Trade & Transfer www.CTTAuctions.com , a secondary market maker for non publicly traded investments like Lightstone Value Plus REIT III, reports recent sales at $2.85 a share in 2/2021.
Investors have lost 70%
Investors who originally paid $10 per share have lost more than 70% of their principal.
Investors owning non publicly traded alternative investments, such as real estate investment trusts (REITs) and oil and gas partnerships may not have been aware of the meaning of illiquid when the investments were recommended to them by a financial advisor or stockbroker.
These investments generated high commissions for the firm and broker and were typically sold to unsuspecting with the promise of a steady dependable stream of income, a promise of steady or increasing value and with little discussion of the fact that the investment cannot be sold on any conventional exchange should a need for cash arise.
Many investors made the decision to purchase these investments without a clear understanding of the risks associated with them. Many purchased them not aware that they are illiquid.
HAVE YOU SUFFERED A LOSS ON ALTERNATIVE INVESTMENTS?
If you have losses on Lightstone III or other alternative investments, you may be able to recover damages from the brokerage firm that recommended the investments to you. Call for a no obligation consultation with an experienced securities attorney to learn about you options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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