May 15, 2018 Comments (0) Blog, Current Investigations

Cole Credit Property Trust IV, Inc. – Third Party Tender Offer

Cole Credit Property Trust IV
(Last Updated On: May 15, 2018)

Recover your Losses – Cole Credit Property Trust IV

Have you suffered losses investing in Cole Credit Property Trust IV? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.

Cole Credit Property Trust IV, Inc. is a non-listed real estate investment trust (REIT). “It seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation,” according to the website.

According to a recent third party tender offer, Mackenzie Realty Capital is offering to purchase shares of Cole Credit Property Trust IV for $6.01/Share.

Mackenzie states in their offer that the REIT has a declining NAV. According to SEC filings, the net asset value was $9.37 per Share as of December 31, 2017 which is a decline of about 7% from the previous estimated value of $10.08/Share.

Additionally, the Share Repurchase Program is oversubscribed. Shareholders owning 34.2 million shares requested redemption but were unsuccessful as of Cole’s most recent annual report. Further, the REIT has given no indication when it might liquidate and its charter does not require it to do so by a specified date.

Are non-traded REITs a suitable investment for you?

The White Law Group is currently representing many non-traded REIT investors in claims against the brokerage firms that recommended products like Cole Credit Property Trust IV.

A real estate investment trust (REIT) is a company that owns, and in most cases, operates income-producing real estate. The REIT structure was designed to provide a real estate investment structure similar to the structure mutual funds provide for investment in stocks.

Non-traded REITs are generally high risk investment, but brokers often sell them as low-risk, conservative investments. They are illiquid, meaning that they are not traded on any market and it can be hard to find a buyer when you are ready to sell.

These claims result when broker-dealers fail to perform adequate due diligence on the REITs before offering them for sale to their clients. Often the brokerage firms fail to determine whether the investments were appropriate in light of their clients’ age, investment, experience, net worth, and tolerance for risk.

If you have suffered losses in Cole Credit Properties Trust IV, or another non-trade REIT the securities attorneys at The White Law Group may be able to help you. Please call the offices at (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.

For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.

 

 

 

 

error: