Peiffer Wolf represents CrowdStreet investors who have suffered losses. According to its website, it “is a real estate investing platform that gives investors direct access to individual commercial real estate investment (REITs) opportunities.” Moreover, it claims that “tens of thousands of individual investors have earned millions of dollars in distributions.” Despite these claims, Peiffer Wolf represents investors who have incurred significant losses. Peiffer Wolf currently represents investors in Cloverleaf Suites – Lincoln, MG Capital Fund IV, MG Capital III; Daymark Living; Sheraton Detroit Novi, and many others. If you are a CrowdStreet investor with concerns, Contact us immediately for a FREE Consultation.
CrowdStreet is among a growing crop of online alternative investment platforms, most of which have launched in the wake of the 2012 JOBS Act and its related SEC regulations. Currently, CrowdStreet offers its investments under Reg D, which allows them to “generally solicit” or advertise their investments.
CrowdStreet markets itself as a “real estate investment platform” that “hosts” various commercial real estate investment “opportunities.” While it repeatedly states its not a broker-dealer, investment advisor or a crowdfunding portal, it is an essential participant in the investments made on its site. Also, it touts its “three-step” vetting process represents that it has reviewed the legitimacy of the investments it offers on its site (409 deals raising $1.13 billion according to its site). Despite these disclaimers, we believe that this opens CrowdStreet up to secondary liability claims for investor losses under the Oregon securities laws.
Now, investors are contacting the securities lawyers at Peiffer Wolf Carr Kane & Conway.
Peiffer Wolf currently represents investors in Cloverleaf Suites – Lincoln, MG Capital Fund IV, MG Capital III; Daymark Living; Sheraton Detroit Novi, and many others.
If you are a CrowdStreet investor, Contact Us Today by calling 504-523-2434 or by filling out an online Contact Form for a FREE Consultation. Concerns about possible misconduct and fraud are serious, and we are committed to fighting on your behalf.
“Week of Reckoning” Arrives Fo...30 June, 2020 No comment