Losses in United Realty Capital Trust, Inc./First Capital Real Estate Trust, Inc.
Have you invested in United Realty Capital Trust, Inc., now known as First Capital Real Estate Trust, Inc.? We are investigating claims that First Capital Real Estate Trust’s adviser (who runs and operates the investment) notified its employees last week that it may have trouble paying its employees, according to Investmentnews.com.
United Realty Capital Trust was renamed First Capital Real Estate Trust in the Fall of 2015 after United was bought out by First Capital. United Realty Capital Trust/First Capital Real Estate Trust is a non-traded REIT (real estate investment trust) that invests in rental properties and other real estate holdings. First Capital Real Estate Trust has not issued any financial statements since June 2015, and it suspended its dividends to investors in November 2016. People who invested in United Realty Capital Trust/First Capital Real Estate Trust may have suffered substantial losses.
Financial advisors and brokerage firms have a duty to perform adequate due diligence on an investment before recommending such to an investor. If the advisor fails to do so, they could be liable for investor losses. We currently represent investors who lost money in other REITs, and we would like to speak with other investors who lost money in United Realty Capital Trust/First Capital Real Estate Trust.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan, Chicago, IL; Vancouver, WA and the Seattle, Washington area. We represent investors in FINRA arbitration proceedings in all 50 states. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
IF YOU INVESTED IN UNITED REALTY CAPITAL TRUST/FIRST CAPITAL REAL ESTATE TRUST AND HAVE SUFFERED LOSSES, PLEASE CONTACT ISRAELS & NEUMAN AT 720-599-3505 FOR A FREE EVALUATION OF YOUR CASE.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.