May 30, 2018 Comments (0) Blog, Current Investigations

Cole Office & Industrial REIT – Third Party Tender Offer – $8.52/Share

Cole Office & Industrial REIT
(Last Updated On: May 30, 2018)

Concerned about investment losses in Cole Office & Industrial REIT?

Have you suffered losses investing in Cole Office & Industrial REIT? 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.

According to its website, Cole Office & Industrial REIT is a public, non-listed REIT that invests primarily in single-tenant, income-producing, necessity office and industrial properties that are leased to creditworthy tenants under long-term leases. CIM defines necessity corporate properties as those that are essential to the day-to-day operations of a company.

On May 22, 2018, Comrit Investments I, LP extended an offer to purchase up to 3.4 million shares of Class A and Class T common stock in Cole Office & Industrial REIT, Inc. for $8.52 per Share, according to filings with the SEC. The offer, which constitutes more than 5 percent of the outstanding shares, expires on June 26, 2018.

The original offering price of Cole Office & Industrial REIT was $10 per share. As of December 31, 2017, the company’s estimated Per Share Net Asset Value is $10.58 per share.

The Trouble with Non-Traded REITs

Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, like Cole Office & Industrial REIT, 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 these 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 Cole Office & Industrial 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.

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

 

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