October 1, 2018 Comments (0) Blog

Carter Validus Mission Critical REIT Losses – Investors may have claims

Carter Validus Mission Critical REIT losses

Securities Investigation – Carter Validus Mission Critical REIT

Are you concerned about Carter Validus Mission Critical REIT losses? If so, the securities attorneys at The White Law Group may be able to help your recover your losses by filing a FINRA claim against the brokerage firm that sold you the investment.

Carter Validus Mission Critical REIT is a non-traded REIT that invests in net leased data center and healthcare assets, according to its website. The company’s offering, declared effective in December 2010, reportedly closed in June 2014.

As we told you in May, the REIT’s board of directors has suspended the company’s share repurchase program (SRP) for the rest of the year. This may be unfortunate news for investors wanting to get out of this investment.

Now, more bad news for investors, the company has lowered its estimated net asset value of $5.33 per share, as of June 30, 2018.

The company previously declared an NAV per share of $9.26, which was later updated to $6.26 per share in connection with a $3.00 per share special cash distribution paid on March 16, 2018.

Alternative investments such as Carter Validus Mission Critical REIT are illiquid. Investors looking to sell alternative investments often have difficulty finding a buyer, and can suffer significant losses on the sale.

Currently, CFX Trading, a secondary market for non-traded REITs, is listing shares of Carter Validus Mission Critical REIT for just $4.00 per share. This may represent a significant loss on investors’ capital investment, as the original purchase price was $10.00 per share.

Recovery of Carter Validus Mission Critical REIT Losses

The White Law Group is investigating potential claims against the broker dealers that sold high risk non-traded REITs, like Carter Validus Mission Critical REIT, to 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 are concerned about Carter Validus Mission Critical REIT losses 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.