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Schwartz Law Investigates Gilbert Russell Conrad of Costal Equities, Inc

Schwartz Law is currently investigating claims against Gilbert Russell Conrad a/k/a G/ Russell Conrad located in Lewiston, New York. Conrad is currently associated with Costal Equites, Inc. and was previously registered with Arkadios Capital and Independent Financial Group, LLC. Conrad is the subject of two (2) separate customer complaints related to allegations of unsuitable investment recommendations of alternative investments, along with allegations of misrepresentation, fraud, unsuitable investment recommendations, negligence, violation of the Nebraska securities laws, and breach of fiduciary duty related to real estate tenant in common (“TIC”) investments and real estate investment trusts (“REITs”).

What are Non-Traded REITs?

A real estate investment trust refers to a trust company that owns, operates, and finances income-generating real estate investments. REITs are designed like mutual funds, which are essentially pooled funds from many investors used to generate economies of scale and gain access to investment options that they would not normally be able to access individually. As implied by the name, non-traded REITS are not listed and not traded on public exchanges which makes them almost illiquid. This prevents an investor from selling the investment if they want the ability to do so in the future.

What is a TIC Investment?

A TIC investment is where you take partial undivided partial ownership in real estate. A tenant in common investment is an alternative to sole ownership of real estate where investment in a single commercial property is held by multiple owners, not as limited partners or as an entity, but as individual owners. Under this co-ownership structure, you will likely own an undivided fractional interest in an entire property and share in your portion of the net income, tax shelters, and growth. TICs are created, in part, as a solution for investors and 1031 exchangers in particular, because of their flexibility, ease of purchase, and low investment minimums which were favorable for those seeking diversification.

Investigation of Gilbert Russell Conrad

If you have suffered losses as a result of Gilbert Conrad, we would like to hear from you. We are currently investigating claims on behalf of a client who were sold alternative investments, TICs and REITs. Some of the alternative investments sold by Conrad include — American Realty Capital (ARC) Hospitality REIT (Hospitality Investors Trust, Inc.); American Strategic Investment Co.; Bluerock Growth Fund I and II; Bluerock Special Opportunity & Income Fund I and II; Bluerock REIT; New York City REIT; Texas Energy Holdings; and Wells Real Estate REIT. We would like to hear from you if you have had a similar experience given that the information you have may assist us in the adjudication of claims against Gilbert Conrad. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at [email protected].

Matthew Schwartz

Matthew Schwartz is a Shareholder at Schwartz, P.A. where he serves as the practice group leader for their securities litigation and professional negligence practice group. His practice is focused on plaintiff-side securities arbitration and litigation, representing individual investors and institutions in claims against brokerage firms, investment advisors, commodities firms, hedge funds and others. He also represents plaintiffs who have been damaged by their insurance agents, lawyers, accountants and other professionals. He is an accomplished commercial litigator who has handled a variety of business disputes and other consumer claims.

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