Investor Lawyers Blog
Law Office of Christopher J. Gray, P.C. is currently investigating claims against Sigma Financial Corporation (“Sigma”) regarding unsuitable sales of Mission Residential (now Middleburg Management) TIC (Tenant-In-Common) and DST (Delaware Statutory Trust) investments. Sigma is an independent broker dealer, headquartered in Ann Arbor, Michigan. The firm offers comprehensive investment planning services, including estate planning and tax reduction strategy services.
Mission Residential was founded in 2004 by owner, Chris Finlay. Recently, Mission Residential changed its name to Middleburg Management and owns properties in Texas, Utah, Tennessee and North Carolina. Some of the Mission Residential investment products Sigma offered its customers are: Mission Millbrook, DST; Mission Antioch, DST; Mission Capital Crossing, DST; Mission Durham, DST; Mission Courtyard Villa, DST; Mission Meadowbrook, DST. Many of these investments have since been foreclosed.
Some investors may have incurred losses in the following Mission Residential TICs and DSTs:
Mission Residential Holdings, LLC
Mission University Place
Mission Spring Creek
Mission Mallard Creek
Mission Collin Creek
Mission Sandy Springs, DST
Mission Heritage Park, DST
Mission Greensboro, DST
Mission Preston Wood
Mission N.E. Dallas, LLC
Mission Galleria, LLC
Mission Bellevue Ridge, LLC
Mission Nashville, LLC
Mission Battleground Park, DST
Mission Stadler Place, DST
Mission Brentwood, DST
Mission Mill Creek, DST
Mission Eagle Point, DST
Mission Mayfield Downs, DST
Mission Millbrook, DST
Mission Antioch, DST
Mission Capital Crossing, DST
Mission Durham, DST
Mission Courtyard Villa, DST
Mission Meadowbrook, DST
Mission GlennEagles, DST
Mission Reilly Ridge, DST
Mission Barton Creek, DST
Mission Tanglewood, DST
Mission Charlotte, DST
Mission Briley Parkway
TIC and DST investments are typically characterized by lack of liquidity, little price transparency, and excessive fees and distributions that may be paid from offering proceeds. Many investors were convinced by Sigma to invest in Mission Residential in an effort to defer capital gains taxes by way of a 1031 exchange. However, much of the tax deferral is often lost in upfront fees paid to the entities involved in the offering.
If you have suffered significant losses as a result of investments in Mission Residential TICs or DSTs, you may have a valid securities arbitration claim. To find out more about your legal rights and options, contact a securities fraud attorney at Law Office of Christopher J. Gray. P.C. at (866) 966-9598 or newcases@investorlawyers.net for a no-cost, confidential consultation.