Cole Office & Industrial REIT New Tender Price $7.51/share
According to SEC filings on November 18, 2018, CMG Partners, Inc. has launched a third-party mini tender offer to purchase up to 275,000 Class A shares of Cole Office & Industrial REIT, Inc.’s common stock for $7.51 per share.
Unfortunately for investors, the offer represents a significantly reduced price from its current NAV of $10.58.
The REIT’s board of directors strongly recommends that its shareholders reject the unsolicited offer and not tender their shares.
Non-traded REITs are high risk, complex investments. They are typically only suitable for sophisticated investors with a high net worth. The other problem is illiquidity. Often investors have trouble finding a buyer when they are ready to sell, and when they do it is often at a loss.
Investors may have claims.
The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs such as Cole Office & Industrial REIT to investors.
Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment.
Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance.
Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through FINRA arbitration.
If you invested in a Cole Office & Industrial REIT and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 888-637-5510 for a free consultation.
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.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.