Recovery of Investment Losses in Corporate Property Associates 17 Global
Did you lose money investing in Corporate Property Associates 17 Global REIT? If so, The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
Corporate Property Associates 17 Global Incorporated is a real estate investment trust launched and managed by W. P. Carey Inc. It invests in the real estate markets across the globe with a focus on United States. The trust is engaged in acquiring, owning and managing portfolio of commercial properties leased to a diversified group of companies on a single tenant net lease basis. Corporate Property Associates 17 – Global Inc. was formed in February, 2007, according to Bloomberg.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation that investors purchase high-risk non-traded REIT investments, like Corporate Property Associates 17 Global. Many investors are not fully aware of the problems and risks associated with these investments before purchasing them.
Secondary Market Offer
According to Central Trade & Transfer, a secondary market website, shares of Corporate Property Associates 17 Global have recently sold for just $9.63 per share. Unfortunately for many investors, it appears that the secondary market price would represent a significant loss on their initial capital investment.
The Problem with REITs
Real estate investment trusts (REITs) are complex and inherently risky products. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors.
Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs – as high as 15%. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market. Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.
In addition to the high risks, non-traded REITs, like Corporate Property Associates 17 Global often lack liquidity. Investors looking to sell these investments often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale.
Broker dealers are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.
If you suffered losses investing in Corporate Property Associates 17 Global and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.