Are you concerned about losses investing in American Realty Capital New York City REIT, Inc.? If so, The White Law Group may be able to help.
On October 26, 2016, American Realty Capital New York City REIT, Inc. (ARC NYC) announced that its board of directors had approved an estimated net asset value per share of $21.25 as of June 30, 2016. The initial offering price in 2013 was $23.75.
Unfortunately for investors, Mackenzie Capital, a secondary market for private placements, has just announced a tender offer for $12.50 per share.
Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, are considerably more complex and involve a high degree of risk. Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs.
The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to its investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses.
If you have invested in American Realty Capital New York City REIT and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.