March 12, 2018 Comments (0) Blog, Current Investigations

Griffin-American Healthcare REIT III – Tender Offer

Griffin-American Healthcare REIT

Investigating Potential Claims – Griffin-American Healthcare REIT III

The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Griffin-American Healthcare REIT III to investors.

Griffin-American Healthcare REIT III invests in healthcare real estate assets, such as medical office buildings, hospitals, skilled nursing facilities, senior housing and other healthcare-related facilities. The REIT is co-sponsored by American Healthcare Investors and Griffin Capital Corporation.

Last week Everest REIT Investors I LLC and Everest REIT Investors II LLC, private real estate investment companies, launched a $6.5 million tender offer for up to one million shares of Griffin-American Healthcare REIT III for $6.50 per share. The offer expires on March 30, 2018.

Griffin-American Healthcare REIT III’s most recent net asset value per share was $9.27 as of June 30, 2017. Shares were originally sold for $10.00 each.

Are Non-traded REITs Suitable for you?

Real estate investment trusts (REITs) are complex and inherently risky products. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors.

Non–traded REITs, like Griffin-American Healthcare REIT III often lack liquidity. Investors looking to sell these investments often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale.

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. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.

If you suffered losses investing in Griffin-American Healthcare REIT III and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.

The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

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