Hines Global REIT – Investors may have claims.
The White Law Group continues to investigate potential claims involving Hines Global REIT and the liability that brokerage firms may have for unsuitably recommending the high-risk non-traded REIT to investors.
On October 1, 2018 Mackenzie Realty Capital extended a tender offer to purchase shares of Hines Global REIT for $6.15 per share.
The original offering price of Hines Global REIT was $10 per share. As of December 31, 2017, the company’s estimated Per Share Net Asset Value is $9.01 per share.
According to Mackenzie’s offer, “redemptions are limited to no more than 5% of the number of shares outstanding at the beginning of a 12-month period. Recently, the number of shares redeemed has been less than submitted. As a result, Hines is currently fulfilling redemption requests on a pro rata basis only, after redemptions related to death or disability.”
Non-traded REITS, like Hines Global REIT, are considerably more complex than traditional investments and usually involve a high degree of risk. Unfortunately many investors were unaware of the risks and liquidity problems associated with non-traded REITs, when they were sold the investments.
Free Consultation with a Securities Attorney
The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs like Hines Global REIT to 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 Hines Global 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.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.