Secondary Market Offer of $2.90 Per Share of KBS REIT
If you suffered losses investing in KBS REIT, Inc., The White Law Group may be able to help.
The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) like KBS. In those claims, the firm has alleged, among other things, that REITs were:
(1) high-risk and unsuitable for our clients given their financial needs and investment objectives
(2) that the risks of the investment were not fully disclosed to them
(3) that the brokerage firms that sold the investments failed to follow FINRA rules to perform adequate due diligence.
KBS estimates that its Shares are worth $13.44 per Share, but you can’t sell them on the market. In September LP Sales, a secondary market for non-traded investments, is offering just $2.90 per share.
Non-Traded REITs are complex products that involve a significant degree of risk and arguably unsuitable for many investors. Brokerage firms that overlooked suitability requirements or failed to disclose the risk when recommending KBS REIT to clients, may be liable for losses.
Recovery of Investment Losses
If you invested in KBS or another non-traded REIT and would like to discuss your litigation options with a securities attorney, please call The White Law Group at 1-888-637-5510 for a free consultation or visit us at www.whitesecuritieslaw.com. For more information on KBS REIT see KBS REIT II Liquidity Event or KBS REIT I Drops More Than 50%.
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 Franklin, Tennessee.