Cedar Realty Trust Inc. Shopping REITs Continue to Decline in 2020
Have you suffered losses investing in Cedar Realty Trust, Inc. (CBR)? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim.
According to Market Watch shares of Cedar Realty Trust Inc. are down -73.90 YTD. As we told you last August, retail REITs continue to decline as investors are turning away from retail real estate after an almost record number of store closures in 2019.
According to an article in Bloomberg, “The coronavirus, which has killed thousands worldwide and is spreading in the U.S., could deal another blow to beleaguered mall operators.”
Cedar Realty Trust, Inc. operates as a real estate investment trust, which engages in the ownership, operation, and redevelopment of grocery-anchored shopping centers. It also maintains property management, construction management and/or leasing offices at several of its shopping-center properties.
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Cedar Realty Trust, Inc. to investors.
REITs often pay a high dividend but certain advisors may have unsuitably recommended CBR in an effort to “chase yield.”
Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Furthermore, recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.
Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.
If you have suffered losses investing in Cedar Realty Trust or another mall REIT, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 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.
For more information on The White Law Group, visit https://whitesecuritieslaw.com.