Tender Offer Price for KBS Growth & Income REIT Suggests Losses for Investors
The White Law Group is continuing our investigation in regards to the liability that some broker dealers may have for unsuitably recommending KBS Growth & Income REIT to investors. It may be possible to recover your KBS Growth & Income REIT losses through FINRA Arbitration.
KBS Growth & Income REIT is a publicly registered non-traded real estate investment trust formed in January 2015.
According to a letter to investors on August 7, KBS Growth & Income REIT is urging investors to disregard a new third party tender offer from Mackenzie Realty Capital, Inc. Mackenzie is reportedly offering to pay $4.25 per share, which is well below the current NAV of $8.79 per share. The original offering price is $10.00 per share.
Mackenzie is offering to purchase up to 400,000 shares of KBS Growth & Income REIT common stock. If all shares are tendered, the company will own 4.2% of the outstanding shares.
Liquidity Problems – Secondary Sales – KBS Growth & Income REIT losses
Non-traded REITs are generally speculative, high risk investments and due to these risks are often unsuitable for most investors.
Investors looking to sell non-traded REITs, like KBS Growth & Income REIT, often have difficulty finding a buyer, and can suffer significant losses on the sale.
If you are concerned about your investment in KBS Growth & Income REIT or another non-traded REIT and would like to discuss your recovery options, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free, no risk 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 Franklin, Tennessee.
FINRA provides an arbitration forum for investors to resolve disputes. The White Law Group represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.