CCPT IV (CIM Real Estate Finance Trust) – How to Recover Losses
The White Law Group is continuing our investigation in regards to the liability that some broker dealers may have for improperly recommending the CIM Group’s Cole Credit Property Trust IV (CCPT IV), a non-traded real estate investment trust (REIT) to investors. If you have suffered losses in CCPT IV, you may have recourse through FINRA Arbitration.
Cole Credit Property Trust IV (CCPT IV) changed the corporate name of the Company to CIM Real Estate Finance Trust, Inc., on August 14, 2019.
Non-Traded REITs are generally speculative, high risk investments and due to these risks are often unsuitable for most investors.
NAV Continues to Decline Updated, June 3, 2020
According to filings with the SEC, the REIT’s NAV continues to decline. The board has reportedly declared a $7.26 net asset value per share for the company’s common stock as of March 31, 2020.
The REIT’s previous NAV per share was $7.77 as of December 31, 2019, and shares originally sold for $10.00 each.
The board previously approved a per share NAV of $9.37 as of December 31, 2017, $10.08 as of December 31, 2016, $9.92 as of September 30, 2016, and $9.70 as of August 31, 2015.
Liquidity Problems – Decrease in Secondary Sales Price, Updated July 17, 2020
Investors looking to sell non-traded REITs often have difficulty finding a buyer, and can suffer significant losses on the sale. According to filings with the SEC, the REIT’s Share Repurchase Program is also oversubscribed.
According to Central Trade & Transfer, a secondary market website, shares of CIM Real Estate Finance Trust have recently sold for $4.27 per share. Unfortunately for many investors, it appears that the secondary market price would represent a loss on their initial capital investment.
If you have suffered losses in CCPT IV (CIM Real Estate Finance Trust), the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call the offices at 888-637-5510.
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.
The Financial Industry Regulatory Authority (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.