Concerned about your investment in Griffin Capital Essential Asset REIT?
Are you concerned about your investment in Griffin Capital Essential Asset REIT? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Griffin Capital Essential Asset REIT, a publicly registered non-traded real estate investment trust, merged with its affiliate Griffin Capital Essential Asset REIT II in April 2019.
According to SEC filings this week, Everest REIT Investors I LLC, a private real estate investment firm, extended an offer to purchase shares of Griffin Capital Essential Asset REIT, Inc. at a purchase price of $7.20 per share.
According to filings with the SEC, the REIT values its shares at $9.58 as of July 30, 2019. The initial offering price was $10.00/share.
The Trouble with Non-Traded REITs
Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, like are considerably more complex and involve a high degree of risk. Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs.
The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to these 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 Griffin Capital Essential Asset 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 Franklin, Tennessee.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.