NorthStar HealthCare Attorney – Goodman & Nekvasil, P.A., May Recover Investor Losses
Northstar Healthcare Attorney, Goodman & Nekvasil is representing investors who purchased the REIT.
NorthStar Healthcare has dropped by over 30%. The board has suspended payments to shareholders, leaving investors to suffer substantial losses. Goodman & Nekvasil, P.A. is representing investors who purchased the REIT.
Numerous broker-dealer firms and financial advisors made recommendations to their clients to make substantial investments in NorthStar Healthcare Income Inc., (NorthStar Healthcare).
NorthStar Healthcare Losses
The company’s financial data revealed accumulated losses totaled around $1 billion. Management of the REIT decided to suspend payments to clients in 2019, further decreasing the value of units.
Since the initial offering price was $10.20 for investors, the losses suffered by these shareholders have grown. Some investors were completely unaware that the distributions made over the previous years primarily returned the company’s investment and did not reflect returns on investment.
Some investors took out loans to purchase shares in the NorthStar Healthcare Non-Traded REIT.
Goodman & Nekvasil, P.A., is investigating broker dealers who may have unsuitably recommended NorthStar Healthcare to its clients.
REITs are risky and complicated investments. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments such as NorthStar Healthcare.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from published news articles on 10/23/23. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.