Have you invested in United Realty Capital Trust, Inc., now known as First Capital Real Estate Trust, Inc.? You may be able to recover your investment losses.
United Realty Capital Trust was renamed First Capital Real Estate Trust in the Fall of 2015. United Realty Capital Trust/First Capital Real Estate Trust is a non-traded REIT (real estate investment trust). According to information that was filed with the SEC, investments in the United Realty Capital Trust/First Capital Real Estate Trust are a complete loss. As such, if you were sold an investment in the United Realty Capital Trust/First Capital Real Estate Trust, you may be suffering a complete loss of principal for your investment. You may be able to recover losses associated with the purchase of your investment in the United Realty Capital Trust/First Capital Real Estate Trust.
Non-traded REITs are intricate investment vehicles that are not publicly traded on securities exchanges like the NYSE or Nasdaq. Consequently, they lack liquidity, posing significant risks for investors. Investigations are underway by our Securities Lawyers regarding potential claims against broker-dealers who advised investors to purchase non-traded REIT investments, like the United Realty Capital Trust/First Capital Real Estate Trust. Our previous cases have revealed that non-traded REITs are frequently marketed by Brokers with promises of returns without providing sufficient explanations about the associated risks.
Broker-dealers have an obligation to conduct thorough due diligence on recommended investments and ensure their suitability for investors. If you were sold an investment in the United Realty Capital Trust/First Capital Real Estate Trust without a comprehensive understanding that the investment was illiquid, highly risk, and that you may suffer a complete loss of your principal investment, your Broker may be liable for failing to adequately disclose the risks prior to the sale, potentially giving rise to a FINRA arbitration claim. We currently represent investors who lost money in other REITs and we would like to speak with investors in the United Realty Capital Trust/First Capital Real Estate Trust.
Seth Hill is a Shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and part of its Securities Litigation team.
Attorney Hill’s practice focuses on investor’s rights and securities litigation within the FINRA arbitration forum.
