December 13, 2019 Comments (0) Blog, Current Investigations

Cole Credit Property Trust V Securities Investigation

Cole Credit Property Trust V Investigation, Featured by Top Securities Fraud Attorneys, The White Law Group

Cole Credit Property Trust V Tender offer $11.15/Share

Are you concerned about your investment in Cole Credit Property Trust V at the recommendation of your financial advisor? If so, The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.

Cole Credit Property Trust V, Inc. (“CCPT V”), a publicly registered, non-traded REIT, is focused on the business of acquiring and operating “a diversified portfolio of retail and other income-producing commercial properties.”

On November 22, Mackenzie Realty Capital extended an offer to investors to purchase Class A and Class T shares of the REIT for $11.15/share. This appears to be at a significant loss for investors since the original offering price was $25.00/share.

According to Mackenzie, approximately 1.2 million of the shares submitted for redemption during the first six months of 2019 went unredeemed in its Share Redemption Program, as it is oversubscribed.

Further, the REIT’s Net Asset Value (NAV) has declined 11.5% from the prior estimate, to $19.64/share, as of December 31, 2018. The annualized dividend rate was also reportedly cut 25% during the second quarter, dropping from$1.575 per Share to $1.18 per Share.

The White Law Group is currently representing many non-traded REIT investors in claims against the brokerage firms that recommended products like Cole Credit Property Trust V.

These claims result when broker-dealers fail to perform adequate due diligence on the REITs before offering them for sale to their clients. Often the brokerage firms fail to determine whether the investments were appropriate in light of their clients’ age, investment, experience, net worth, and tolerance for risk.

Non-traded REITs are generally high risk investment, but financial advisor often sell them as low-risk, conservative investments.

If you have suffered losses in your non-traded REIT investments, such as Cole Credit Property Trust V, the securities attorneys at The White Law Group may be able to help you. Please call (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 https://www.whitesecuritieslaw.com.

 

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