Call Now For a Free Consultation:
(614) 532-4576

Law Firm of Meyer Wilson Investigating Apple REIT Investments

Our law firm is currently investigating David Lerner Associates and the Apple REIT Ten. Earlier this week, the Financial Industry Regulatory Authority (FINRA) filed a Complaint against David Lerner Associates, Inc., of Long Island, New York, claiming that the firm has taken advantage of elderly or inexperienced investors by selling them Apple REIT Ten shares without fully investigating whether or not the purchase would be a good investment.

David Lerner Associates misled investors in the following ways, according to FINRA:

  • Advertising on their website previous distribution rates and not the most recent ones. The recent rates also far exceeded income from operations and were funded by debt that further leveraged the REITs.
  • Incorrectly valuing previous Apple REIT shares at a constant price of $11 despite market fluctuations, performance declines and increased leverage, while maintaining outsized distributions of 7 to 8 percent by leveraging the REITs through borrowings and returning capital to investors.
  • Failing to properly investigate the valuation and distribution abnormalities of the Apple REITS that were already closed prior to selling Apple REIT Ten.
  • If you are an investor who believes that you have been misled by David Lerner Associates, Inc. regarding the purchase of shares in Apple REIT Ten, there are important steps that you can take to recoup your money.


Discover these steps along with information on the most common forms of investment fraud by contacting one of our experienced investment fraud attorneys. We will talk with you one on one – for free – and help you analyze your situation and give you options on where to go from here.

If you have lost money or had your funds frozen in the Apple REIT recommended by David Lerner, contact us today. All of our cases are handled on a contingency fee and we never request a retainer of any kind for these cases. Obtain your free case evaluation by calling toll free 614-532-4576.

Learn more about David Lerner Associates and Apple REIT Ten in the following articles:

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult With Our Legal Team
There is never a cost associated with a consultation.

Meyer Wilson
Meyer Wilson
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram