RAD Diversified REIT, Inc. Freezes Redemption Program| Goodman & Nekvasil P.A., May Recover Losses
Goodman & Nekvasil is Representing an Investor who Purchased RAD Diversified REIT, Inc.
Broker, Nathan Goad J. Alden Associates, Inc. and Alden Capital A/K/A Alden Capital Management, LLC A/K/A Sparta Wealth Partners, recommended that our client invest a very significant amount of money in RAD Diversified REIT. The arbitration claim alleges that these recommendations were unsuitable for our client. The statement of claim also alleges that the broker-dealer failed to conduct reasonable due diligence on the investment before recommending the REIT to our client and that the risks of this investments was not disclosed to our client.
RAD Diversified REIT, Inc. Freezes Redemption Program
Goodman & Nekvasil is Investigating RAD Diversified REIT, Inc.
The Company said it will not process any pending requests that have not been redeemed as of February 1, 2024 nor will it accept any redemption requests after February 1, 2024. The company also said, pending redemption requests will remain in queue until the Company recommences the redemption program.
The Better Business Bureau (BBB) issued a statement regarding complaints from investors. A link to the BBB site with complaints and responses by the company can be found here: RAD Diversified REIT, Inc. Complaints
Broker Due Diligence
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so may be held responsible for any losses in a FINRA arbitration claim.
If you believe that your investments in RAD Diversified REIT, Inc. may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. If we don’t recover money for you, we charge no attorney’s fee.
Goodman & Nekvasil, P.A. has recovered more than $400 million on behalf of victimized investors. If you lost money on investments in unsuitable investments and would like your case evaluated by a securities attorney, please contact us.