Third Party Offers to Tender Shares of Corporate Property Associates 18 – Global Inc.
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Corporate Property Associates 18 – Global Inc. to investors.
Corporate Property Associates 18 – Global Inc. is a publicly registered non-traded real estate investment trust (REIT) managed by W.P. Carey Inc.
According to SEC Filings on November 5, Everest RET Investors I LLC, a private real estate investment firm, has extended a third party tender offer to purchase shares of Corporate Property Associates 18 – Global Inc. for $6.20 per share.
The offer, to purchase up to 1.6 million shares of common stock, expires on December 20, 2018.
The REIT has a current estimated net asset value per share of $8.57 as of March 31, 2018. The Everest offering price of $6.20 per share is 14 percent lower than the REIT’s estimated NAV per share. Shares of the publicly registered non-traded REIT were originally sold for $10.00 each.
Illiquid Investments – Investors may have claims.
Investors looking to sell non-traded REITs, like Corporate Property Associates 18 – Global Inc., often have difficulty finding a buyer, and can suffer significant losses on the sale.
If your financial advisor unsuitably recommended an investment in Corporate Property Associates 18 – Global Inc., you may be able to recover your losses by filing a FINRA arbitration claim against the brokerage firm that recommended the investment.
For a free consultation with one of our securities attorneys, please call the offices of The White Law Group at (888) 637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
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.