Did you or a family member invest in InPoint Commercial Real Estate Income, Inc. (“InPoint”) based on the recommendation of your stockbroker or financial advisor?
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InPoint Commercial Real Estate Income, Inc. (“InPoint”) is a nontraded REIT that was formed in 2016 by Inland Real Estate Investment Corporation. InPoint focuses on investing in commercial real estate (CRE) securities and debt. By 2019, InPoint had raised approximately $267 million from investors.
There have been recent warning signs that InPoint may be under financial stress. These potential warning signs include InPoint’s decisions in 2023 to suspend its initial public offering (IPO), suspend share repurchases, and suspend sales of its shares via its DRIP program. In addition, McKenzie Capital Management, L.P. has recently made an offer to InPoint investors to purchase up to 200,000 of their shares for $5.00 each. In sharp contrast, many investors originally paid $26.37 per share to acquire InPoint, and InPoint recently values it shares at $17.37 to $17.47, depending on the class of stock.
InPoint is a nontraded REIT. Nontraded REITs can be risky, complex and illiquid investments. Often nontraded REITs can pay stockbrokers and financial advisors high commissions, which may create an incentive for these professionals to recommend nontraded REITs even if they may not be appropriate investments for their clients. The high commissions could also create an incentive for stockbrokers and financial advisors to downplay or omit the risks associated with these investments.
If you purchased InPoint at the recommendation of a financial advisor or stockbroker and it was not an appropriate investment for your portfolio, you may be able to recover your money through a process called FINRA arbitration.
FINRA arbitration is a unique, narrow area of the law. The attorneys at Epperson & Greenidge have extensive experience working within FINRA and we specialize in bringing these arbitration claims on behalf of investors.
If you or a loved one invested in InPoint at the recommendation of a stockbroker or financial advisor, call the experienced FINRA arbitration attorneys at Epperson & Greenidge for a free consultation (877) 445-9261 or contact us on-line today.