Investigation of KBS Legacy Partners Apartment REIT
Have you suffered losses investing in KBS Legacy Partners Apartment REIT? If So The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
KBS Legacy Partners Apartment REIT is a non-traded Real Estate Investment Trust (REIT) that closed its initial public offering on March 12, 2013, and it’s follow-on public offering on March 31, 2016.
The company is a real estate investment trust launched and managed by KBS Capital Advisors LLC. It invests in the real estate markets of United States. The firm invests in the high quality apartment communities. KBS Legacy Partners Apartment REIT, Inc. was formed on July 31, 2009 and is based in Newport Beach, California.
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling high-risk REITs, like KBS Legacy Partners Apartment REIT, to their clients.
The Trouble with Non-traded REITs
The trouble with non-traded REITs, like KBS Legacy Partners Apartment REIT, is that they are complex and inherently risky products.
Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so may be held responsible for any losses.
Lack of liquidity is often problematic for many investors. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.
Recovery of Investment Losses
If you invested in KBS Legacy Partners Apartment REIT or another non-traded REIT and would like to discuss your litigation options with a securities attorney, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group and its investigations, visit www.whitesecuritieslaw.com.