October 16, 2018 Comments (0) Blog, Current Investigations

Benefit Street Partners -Tender Offer – $13.08/Share

Benefit Street Partners
(Last Updated On: October 16, 2018)

Investment losses in Benefit Street Partners Realty Trust?

Have you suffered losses investing in Benefit Street Partners Realty Trust? 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 reports this week, Comrit Investments 1 LP, Tel Aviv-based investment fund, has extended the expiration date of its unsolicited tender offer for shares of Benefit Street Partners Realty Trust from November 9, 2018 to November 27, 2018.

Comrit launched its tender offer in September, according to SEC filings, and is offering to purchase up to 1.8 million shares of the non-traded REIT for $13.08 per share, which constitutes approximately 5.3 percent of the outstanding shares. The REIT’s board unanimously recommends that stockholders reject the offer. The original offering price for Benefit Street Partners shares was $25.

The Trouble with Non-Traded REITs

Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITSlike Benefit Street Partners Realty Trust, 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 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 Benefit Street Partners Realty Trust 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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