It has been reported that Grubb & Ellis Apartment REIT has suspended its redemption program. This is generally the first sign that a non-traded REIT is in trouble. If you are concerned about your Grubb & Ellis Apartment REIT investment, The White Law Group may be able to help.
The White Law Group is investigating potential securities fraud claims on behalf of investors involving broker-dealers recommendation that investors purchase risky REIT investments, including Grubb & Ellis Apartment REIT.
FINRA recently announced that it is paying close attention to the sale of REITs and, in particular, the ways in which broker/dealers marketed and sold the products to investors. In many cases, and notwithstanding the risk of REIT investments, broker-dealers marketed these investments as safe and secure.
REITs typically pay a high commission – often as much as 15% (which usually explains the stockbroker’s motivation in recommending the REIT investment to the investor).
The White Law Group’s investigation into the improper sales of REITs to investors includes, but is not limited to, recommendations to invest in the following REITs: Behringer Harvard REIT I, Inland America Real Estate Trust, Inland Western Retail Real Estate Trust, Wells Real Estate Investment Trust II, Piedmont Office Realty Trust, Desert Capital REIT, Apple REIT, Crystal River REIT, and Grubb & Ellis Apartment REIT.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of a risky REIT investment, please contact The White Law Group at 312-238-9650.
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 Boca Raton, Florida.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.