Investigation Concerning Mission Residential TICs and DSTs sold by Sigma Financial

by Gray on October 14, 2015

in Uncategorized

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.

15.10.14 apartment buildings

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.

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