June 4, 2018 Comments (0) Blog, Current Investigations

Presidio Property Trust f/k/a NetREIT – Third Party Tender Offer

Presidio Property Trust

Concerned about your investment in Presidio Property Trust?

Have you suffered losses investing in Presidio Property Trust (f/k/a NetREIT)? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.

Presidio Property Trust, Inc., (f/k/a NetREIT, Inc.), incorporated on June 1, 2010. The company is a self-managed real estate investment trust, according to Reuters. The Company’s segment consists of three types of commercial real estate properties: Office/Industrial/Medical Properties; Residential; and Retail Properties.

On June 4, 2018, Mackenzie Capital Management, LP extended an offer to purchase shares of Presidio Property Trust, Inc. at a purchase price of $2.60/Share.

According to the offer letter, “Presidio Property Trust has an infinite life, and it has not said when it might liquidate. The REIT does not have a formal policy with respect to a stock repurchase program and typically restricts repurchases to hardship cases only.”

Presidio Property Trust has also reportedly suspended distributions. The payment of distributions was suspended in the third quarter of 2017, according to SEC filings.

The initial offering price of Presidio Property Trust was $10.00/share. Unfortunately for investors, the tender offer price would most likely mean a loss on their initial capital investment.

The Trouble with Non-Traded REITs

Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, like Presidio Property Trust, are considerably more complex and involve a high degree of risk. Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs.

The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to these 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 in line with 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.

If you have invested in Presidio Property Trust 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.

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