April 11, 2018 Comments (0) Blog, Current Investigations

InvenTrust – Third Party Tender Offer $1.56/share

InvenTrust

InvenTrust – Recover your Investment Losses

The White Law Group continues to investigate potential claims against the broker dealers that sold high risk investments, like InvenTrust, to unsuspecting investors.

InvenTrust, formerly known as Inland American Real Estate Trust, became a self-managed non-traded real estate investment trust in 2014. InvenTrust invests in retail properties and considers itself “a leader in the open air shopping center space.” The company invests in shopping centers and student housing.

Third Party Tender Offer

On Monday, Mackenzie Realty Capital extended a third party tender offer to purchase shares of InvenTrust for just $1.56/share. According to the letter, there are no redemptions; InvenTrust purchased about 89 million shares of its common stock at $2.66/share through a “Dutch Auction” tender offer in December 2016, but has not disclosed plans to do so again.

The trouble with non-traded REITs, like InvenTrust, is that they are complex and inherently risky products.

According to the letter, InvenTrust has said they may possibly liquidate by the end of 2018 but there are no guarantees. Investors looking to sell non-traded REITs such as this, often have difficulty finding a buyer, and can suffer significant losses on the sale.

Broker dealers are required to inform clients of the risks associated with investment recommendations. They must ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so may be held responsible for any losses.

If you have invested in InvenTrust or another non-traded REIT 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.

 

 

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