Strategic Storage Trust II is a Non-traded REIT
Have you suffered investment losses in Strategic Storage Trust II? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to their website, Strategic Storage Trust II, Inc. is a non-traded REIT focused on the self-storage industry. Self-storage is an asset class driven by human life factors such as birth, death, marriage, divorce, retirement, relocation, military enlistment, economic expansion and contraction.
On January 26, Strategic Storage Trust II, Inc. announced it has closed its offering of shares on January 9, 2017. The appointment of Michael S. McClure to serve as president, will be effective January 20, 2017. In addition, Mr. McClure was appointed president of SmartStop Asset Management, LLC (SmartStop), the company’s sponsor.
Mr. McClure had previously served as executive vice president, chief financial officer and treasurer of Strategic Storage Trust II, and as executive vice president of SmartStop. The boards subsequently appointed Matt Lopez to the position of chief financial officer and treasurer of the companies.
Non-traded REITS are Risky
Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, are considerably more complex. REITs involve a high degree of risk. Unfortunately, many investors are unaware of the risks and liquidity problems with REITs such as Strategic Storage Trust II.
The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to its investors. Our firm is investigating potential claims against the broker dealers that sold high risk investments, like Strategic Storage Trust II, Inc. onto unsuspecting 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 appropriate in light of 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 in a FINRA arbitration claim.
If you have suffered losses investing in Strategic Storage Trust II 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. To learn more about The White Law Group visit www.whitesecuritieslaw.com.