Investors may have Claims – Griffin-American Healthcare REIT III
Are you concerned about your investment in Griffin-American Healthcare REIT III? 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.
According to a letter to investors, MacKenzie Realty Capital, Inc. is offering to purchase shares of the REIT for $5.00 per share between now and February 14, 2020. The original offering price was $10.00 per share.
According to the offer letter, the Griffin-American estimates that its shares are worth $9.40 per Share.
The REIT’s Share Repurchase Program is oversubscribed, according to Mackenzie. The program did not redeem approximately 4.7 million of the shares submitted for repurchase for the nine-month period ending September 30, 2019. This could be a problem for investors, if they need to sell their shares.
Lack of Liquidity – A Risk of Non-Traded REITs
Investors looking to sell alternative investments, like Griffin-American Healthcare REIT III, often have difficulty finding a buyer, and can suffer significant losses on the sale.
Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. If your advisor unsuitably recommended Griffin-American Healthcare REIT III and you lost money, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claims against the brokerage firm that sold you the investment.
The Financial Industry Regulatory Authority (FINRA) provides an arbitration forum for investors to resolve disputes with their brokerage firm. If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim.
For a free, no obligation consultation with a securities attorney, please contact the offices of The White Law Group at 1-888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
Visit the firm’s homepage to learn more about the firm’s representation of investors.