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February 05, 2016 7:58 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of United Development Funding IV

Company Overview

United Development Funding IV operates as a real estate investment trust (REIT) in the United States. It focuses on originating, purchasing, participating, and holding investment secured loans for the acquisition and development of parcels of real property as single-family residential lots; and the construction of model and new single-family homes, including development of mixed-use master planned residential communities. The company also makes direct investments in land for development into single-family lots, new and model homes, and portfolios of finished lots and homes; provides credit enhancements to real estate developers, home builders, land bankers, and other real estate investors; a...

1301 Municipal Way

Suite 100

Grapevine, TX 76051

United States

Founded in 2008

1 Employees

Phone:

214-370-8960

Fax:

800 859-9338

Key Executives for United Development Funding IV

Chief Operating Officer
Age: 49
Total Annual Compensation: $655.0K
Compensation as of Fiscal Year 2014.

United Development Funding IV Key Developments

Rosen Law Firm Announces the Filing of a Securities Class Action Lawsuit against United Development Funding IV -- UDF

Rosen Law Firm announced that a class action lawsuit has been filed on behalf of purchasers of United Development Funding IV securities from June 4, 2014 through December 10, 2015, all dates inclusive (the Class Period). The lawsuit seeks to recover damages for United Development Funding investors under the federal securities laws. According to the lawsuit, defendants issued materially false and misleading statements and/or failed to disclose that subsequent UDF companies provide significant liquidity to earlier vintage UDF companies, allowing them to pay earlier investors; if the funding mechanism funneling retail capital to the latest UDF company were halted, the earlier UDF companies would not be capable of standing alone, and the entire structure would likely crumble with investors left holding the bag; UDF IV provided liquidity to UDF I, UMT and UDF III, among other affiliates, further exacerbating the problem and perpetuating the scheme; as such, Defendants were operating a Ponzi-like real estate investing scheme; the company was being investigated by the SEC; and as a result, defendants' statements about United Development Funding's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed.

United Development Funding IV Announces Monthly Distribution, Payable on January 25, 2016

United Development Funding IV announced that its board of trustees has authorized a monthly distribution for January 2016 of $0.1367 per share payable on January 25, 2016 to shareholders of record at the close of business on January 15, 2016.

A Professional Corporation Announces Class Action Lawsuit Against United Development Funding IV

The securities litigation law firm of Brower Piven announced that a class action lawsuit has been commenced in the United States District Court for the Northern District of Texas on behalf of purchasers of United Development Funding IV common shares during the period between June 4, 2014 and December 10, 2015, inclusive (the "Class Period"). Investors who wish to become proactively involved in the litigation have until February 19, 2016 to seek appointment as lead plaintiff. The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that subsequent UDF companies provide significant liquidity to earlier vintage UDF companies, allowing them to pay earlier investors such that if the funding mechanism funneling retail capital to the latest UDF company were halted, the earlier UDF companies would not be capable of standing alone, and the entire structure would likely crumble with investors left holding the bag, that UDF IV provided liquidity to UDF I, UMT and UDF III, among other affiliates, perpetuating the scheme, and that the Company was being investigated by the SEC. According to the complaint, following the December 10, 2015 report published on the Harvest Exchange alleging that the Company was operating a Ponzi-like real estate scheme whereby successive UDF entities would raise capital to bail out prior vintages and the Company's disclosure on the same day that UDF III and UDF IV had been cooperating since April 2014 with a nonpublic fact-finding investigation being conducted by the SEC, the value of UDF IV shares declined significantly.

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