Gilman Law LLP, a leading shareholder rights and securities fraud law firm, is investigating alleged violations of federal securities laws on behalf of investors in Inland American Real Estate Trust, Inc. (Inland American REIT). Inland American focuses on acquiring and developing a diversified portfolio of commercial real estate including retail, multi-family, industrial, lodging, office and student housing properties, located in the United States and Canada.
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Inland American REIT Lawsuit
The Inland American REIT investigation focuses on the company’s recent announcement that it is being investigated by the Securities and Exchange Commission. The Inland American SEC Investigation involves potential violations of federal securities laws relating to Inland American’s fees and administration. Inland American REIT Investors and individuals with information related to this investigation are encouraged to contact Gilman Law LLP toll free at (888) 252-0048.
About Inland American REIT
Inland American is the largest non-traded REIT, with $11.2 billion in assets. Recently, Inland American disclosed in its quarterly report that the Securities & Exchange Commission (SEC) had initiated an investigation into the Inland American REIT. The investigation seeks “to determine whether there have been violations of certain provisions of the federal securities laws.” The potential violations at issue were described by the company as “regarding the business manager fees, property management fees, transactions with affiliates, timing and amount of distributions paid to investors, determination of property impairments, and any decision regarding whether the company might become a self-administered REIT.”
Problems with Non-Traded REITs
Inland American REIT, like many non-traded REITs, recently announced a reduction in its per share value, which has dropped down to $7.22 per share, a significantly reduction from the REIT’s initial offering price of $10 per share.
About Gilman Law LLP and Our Investment Fraud Attorneys
Gilman Law LLP is an investment fraud law firm with over 35 years of experience in securities litigation, complex securities matters, shareholder disputes, securities fraud, and other types of business and financial fraud. Our Investment Fraud Attorneys are offering Free Consultations to Inland American REIT Investors by calling toll free at (888) 252-0048.