The Securities and Exchange Commission charged Suneet Singal and three entities with two separate frauds, one relating to First Capital Real Estate Trust Inc. (First Capital REIT), and the other relating to a business development company (BDC).
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American Realty Capital Trust V sold shares to the public at $25 a share and the offering closed in October 2013. The name was changed to American Finance Trust (AFIN), and this company went public on July 19, 2018. As of July 31, 2018, the stock is now trading at $14.75. This represents a decline of more than 40% from the initial offering price of $25 a share.
Read MoreHines REIT is a publicly registered, non-listed real estate investment trust sponsored by Hines. that according to its website, “was formed in August 2003 for the purpose of investing in and owning interests in real estate. In total, Hines REIT acquired interests in 66 properties, representing approximately 33 million square feet, since its inception and has sold its interests in 42 of those properties as of June 30, 2016.”
Read MoreSummit Healthcare REIT is a publicly registered, non-traded REIT based in California that according to its website, invests in a diversified, income-producing portfolio of assets that may benefit from trends taking place in the healthcare sector. Summit Healthcare REIT provides investors with the full range of services necessary to acquire, lease and manage healthcare real estate and to invest in the healthcare sector with diversification by property type, location and tenants. SEC filings indicate that shares of Summit have fallen in value considerably.
Read MoreNorthstar Healthcare Income REIT is a public, non-traded REIT that was formed to originate, acquire and asset manage equity and debt investments in healthcare real estate. Specifically, NorthStar Healthcare is focused on making investments in the needs-driven senior housing sector, which we define as independent living facilities, assisted living, memory care and skilled nursing facilities. SEC filings indicate that Northstar Healthcare Income REIT has suspended distributions.
Read MoreJames Lamont has been licensed with Whitehall-Parker Securities, Inc. since 2015. James Lamont was previously licensed with Independent Financial Group, LLC. Goodman & Nekvasil, P.A. is investigating the possible involvement of James Lamont in the sale of Woodbridge Mortgage Investment Funds.
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