Hartman Short Term Income Properties XX, Inc failed to conduct adequate due diligence on investments and now their investors are at risk
Sonn Law Group is representing investors who have suffered losses investing in Hartman Short Term Income Properties XX, Inc. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Hartman Short Term Income Properties XX, Inc. is a non-traded REIT that was set up by Hartman Income REIT in 2009. On June 4, 2020, the REIT announced an estimated NAV per share of $11.26 as of December 31, 2019, which marked an 11% decrease from the estimated NAV per share of $12.61 on December 31, 2018.
Investments in non-traded REITs are complex and risky investments. These investments are not suitable for elderly retirees and other conservative investors due to their high-risk nature. Many investors are not informed of all of the risks associated with non-traded REITs until they have already sustained significant losses. If you are a conservative investor and your broker recommended that you purchase investments in Hartman Short Term Income Properties XX REIT, you may have the right to recover losses.
FINRA rules require brokerage firms to conduct due diligence prior to recommending an investment and to conduct a suitability assessment factoring in the client’s investment objectives and level of risk. If a brokerage firm fails to conduct adequate due diligence on investments can be held liable for any losses suffered by the client.
Contact Sonn Law to Discuss Recovery Options
If you suffered losses investing in Hartman Short Term Income Properties XX REIT, please call us now at 866-827-3202 or complete our contact form.