Our firm is investigating possible legal claims on behalf of investors in Northstar Healthcare Income REIT.

Northstar Healthcare, a non-traded real estate investment trust (REIT), conducted its initial offering in 2013 at a price of $10.20. By December of 2018, the REIT had declined more than 30%. Then, in February of 2019, the REIT suspended its distributions and caused many investors to lose vital monthly investment income. Following this news, Northstar Healthcare’s price further declined.

Speak with one of our securities attorneys about recovering your losses.

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Northstar Healthcare Income News: Colony Northstar REIT Suspends Income Distributions

Northstar Healthcare Income is a non-traded real estate investment trust (REIT) sponsored by Colony Capital, Inc. Beginning in 2013, many financial advisors recommended Northstar Healthcare Income to their clients; misrepresenting the REIT as safe and a good source of income.

After steep decline of the investment, however, Northstar Healthcare announced an indefinite suspension of its monthly  distribution payments to shareholders. Many shareholders have not received distributions from Northstar Healthcare since February of 2019. In a letter explaining the suspension of these distributions, the company stated

As we laid out in our letter in December, NorthStar Healthcare’s portfolio has been experiencing operational and performance challenges that led to a lower estimated value per share of NorthStar Healthcare’s common stock as of June 30, 2018 as compared to June 30, 2017.

While REITs are often marketed as low-risk, high yield investments, FINRA and the SEC have recently increased scrutiny into the marketing of these investments. Non-traded REITs are not traded on the public securities exchange, meaning that these REITs can often be illiquid. Many investors have reported being unable to redeem their shares from non-traded REITs and remain stuck in these uncertain investments as a result.

If you invested in Northstar Healthcare and have lost part of your investment, not received your distributions, or remain stuck in the uncertain REIT, you may be eligible for monetary recovery. Contact our firm to learn more about your options.

Our REIT Lawsuit Investigations

Gibbs Law Group is currently investigating a number of REITs on behalf of shareholders. These REITs include:

If you invested in any of these REITs, or others, we may be able to help. Speak with a lawyer today to learn more.

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Scott Silver

Scott focuses his law practice on securities arbitration and litigation and plaintiff-side class action litigation, representing individual investors and institutions in claims against brokerage firms, investment advisors, commodities firms, hedge funds and others.

Michael Schrag

Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.

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Eileen is involved in the firm’s securities practice and has over a decade of experience in the legal world. She received her law degree from American University in 2005.

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Gibbs Law Group

Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. The firm has successfully litigated against some of the largest companies in the United States, and has recovered more than a billion dollars on clients’ behalf.

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Silver Law Group is a team of securities lawyers, forensic accountants, and support staff who are dedicated to helping investors recover losses through securities arbitration and litigation.

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