March 14, 2024
Real Estate Investment Scam
ChapmanAlbin LLC is investigating potential claims on behalf of investors who purchased shares in RAD Diversified (RADD), a non-traded real estate investment trust (REIT).
RADD has marketed itself to potential investors as a bona fide and reliable system for investing in income-generating real estate. But non-traded REITs like RADD are highly speculative “alternative investments” that are generally unsuitable for conservative investors. Non-traded REITs are also illiquid, meaning investors may have trouble taking their money out. According to recent SEC filings, the board of directors at RADD has decided to freeze all redemptions of shares in the REIT, leaving shareholders no choice but to remain invested.
The situation at RADD underscores the importance of conducting thorough research and due diligence before investing. Investors should carefully consider the background, track record, and reputation of investment opportunities, especially non-conventional investments like RADD. Unless investors have a high tolerance for risk, they should probably not invest in non-traded REITs.
If your broker recommended you invest in RADD or any other REIT, contact the attorneys at ChapmanAlbin to see if you have a case.
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