{"id":382068,"date":"2020-11-16T12:33:52","date_gmt":"2020-11-16T17:33:52","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382068"},"modified":"2020-11-16T12:33:52","modified_gmt":"2020-11-16T17:33:52","slug":"gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\/","title":{"rendered":"Gana Weinstein LLP Files FINRA Arbitrations on behalf of NYC REIT Investors Seeking Investment Recovery"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Nov.  16, 2020  (GLOBE NEWSWIRE) &#8212; The law offices of\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PBaazBC0wD7c1JoKz01-1xLcBq3EaeePTE3hDZiQrFBjFy7yoqfp9g2B9sbhCP5PC-7-CvHia0YFfLppwNpxTVeI5cXdm4D4F7Pc6f66RaA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>Gana Weinstein LLP<\/strong><\/a>\u00a0have filed multiple complaints on behalf of clients claiming losses as a result of investments in the NYC REIT, formerly known as the American Realty Capital New York City REIT. The NYC REIT was marketed as a \u201chigh-quality commercial real estate [investment] located within the five boroughs of New York City, particularly Manhattan.\u201d According to the allegations, the invest was far riskier than many brokers had explained and the investment was also illiquid.<\/p>\n<p>\u201cThe NYC REIT appears to be headed in a downward spiral and may fail in the coming years. Our law firm is currently pursuing cases against broker-dealers for the unsuitable sale of the NYC REIT and will continue to aggressively pursue these cases for the foreseeable future,\u201d said Adam Gana, a partner with Gana Weinstein LLP. \u201cWe believe this REIT is a problem.\u201d<\/p>\n<p>Over the past year the secondary market value of the NYC REIT has seemed to dropped precipitously. Many investors are seeking legal counsel to learn more about their rights.<\/p>\n<p>If you were an investor in the NYC REIT and want a free consultation with an attorney please contact Adam Gana at (646) 404-0000 or by e-mail at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ClZCntTV71PwJgaHxUcJIj9yku6J5JxV7piG5-eMmx8sdaX6MxQgioQw451L9MP8zncuu_JMgMr2MgpIQMbqBg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>AGana@GanaLLP.com<\/strong><\/a>. You may also visit the firm\u2019s website at\u00a0<strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sorPGhA1ABQf_2Zx4W9b9k2CegLNKfI0CPbBSr2kCBED0S50vijr7vdiLLxPFdtBNRTooaqEWXCqZQKC2v6CWXHpTXmGft_wODnMrIp3Ffc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.ganalawfirm.com<\/u><\/a><\/strong>.<\/p>\n<p>Gana Weinstein, LLP<br \/>345 Seventh Avenue, 21<sup>st<\/sup>\u00a0Floor, <br \/>New York, NY 10001<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjkwOSMzODI5NDkwIzIxODQ1Nzc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/c2e10d87-2bee-4568-b748-5dcc2dcd05cf\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; The law offices of\u00a0Gana Weinstein LLP\u00a0have filed multiple complaints on behalf of clients claiming losses as a result of investments in the NYC REIT, formerly known as the American Realty Capital New York City REIT. The NYC REIT was marketed as a \u201chigh-quality commercial real estate [investment] located within the five boroughs of New York City, particularly Manhattan.\u201d According to the allegations, the invest was far riskier than many brokers had explained and the investment was also illiquid. \u201cThe NYC REIT appears to be headed in a downward spiral and may fail in the coming years. Our law firm is currently pursuing cases against broker-dealers for the unsuitable sale of the NYC &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gana Weinstein LLP Files FINRA Arbitrations on behalf of NYC REIT Investors Seeking Investment Recovery&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382068","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gana Weinstein LLP Files FINRA Arbitrations on behalf of NYC REIT Investors Seeking Investment Recovery - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gana Weinstein LLP Files FINRA Arbitrations on behalf of NYC REIT Investors Seeking Investment Recovery - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; The law offices of\u00a0Gana Weinstein LLP\u00a0have filed multiple complaints on behalf of clients claiming losses as a result of investments in the NYC REIT, formerly known as the American Realty Capital New York City REIT. The NYC REIT was marketed as a \u201chigh-quality commercial real estate [investment] located within the five boroughs of New York City, particularly Manhattan.\u201d According to the allegations, the invest was far riskier than many brokers had explained and the investment was also illiquid. \u201cThe NYC REIT appears to be headed in a downward spiral and may fail in the coming years. Our law firm is currently pursuing cases against broker-dealers for the unsuitable sale of the NYC &hellip; Continue reading &quot;Gana Weinstein LLP Files FINRA Arbitrations on behalf of NYC REIT Investors Seeking Investment Recovery&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T17:33:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjkwOSMzODI5NDkwIzIxODQ1Nzc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Gana Weinstein LLP Files FINRA Arbitrations on behalf of NYC REIT Investors Seeking Investment Recovery\",\"datePublished\":\"2020-11-16T17:33:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\\\/\"},\"wordCount\":245,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4NjkwOSMzODI5NDkwIzIxODQ1Nzc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gana-weinstein-llp-files-finra-arbitrations-on-behalf-of-nyc-reit-investors-seeking-investment-recovery\\\/\",\"name\":\"Gana Weinstein LLP Files FINRA Arbitrations on behalf of NYC REIT Investors Seeking Investment Recovery - 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The NYC REIT was marketed as a \u201chigh-quality commercial real estate [investment] located within the five boroughs of New York City, particularly Manhattan.\u201d According to the allegations, the invest was far riskier than many brokers had explained and the investment was also illiquid. \u201cThe NYC REIT appears to be headed in a downward spiral and may fail in the coming years. 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