May 12, 2020 Comments Off on RW Holdings NNN REIT Suspends Offering Blog, Current Investigations

RW Holdings NNN REIT Suspends Offering

RW Holdings NNN REIT Suspends Offering

RW Holdings NNN REIT – Securities Investigation

Concerned about investment losses in RW Holdings NNN REIT, Inc?

Have you suffered losses investing in RW Holdings NNN 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.

RW Holdings NNN REIT Inc., a publicly registered non-traded REIT formerly known as Rich Uncles NNN REIT Inc., has reportedly temporarily suspended its primary offering. The REIT notes that it has plans to declare a revised net asset value per share later this month, as well as a revised distribution rate, and expects that both will be lower due to the impact of the COVID-19 global pandemic, according to filings with the SEC. 

The company further states in SEC filings  that it has been unable to “”collect 100 percent of contractual rents, we are re-evaluating our current distribution rate…” 

The primary offering will remain suspended until the board approves its resumption. The company’s distribution reinvestment plan and share repurchase program remain open at this time.

RW Holdings NNN REIT’s current NAV per share for Class C and Class S is $10.27 per share based on a valuation as of December 31 2019. The company reportedly merged with an affiliated non-traded REIT, Rich Uncles Real Estate Investment Trust I, last year.

Due to the pandemic, the company has reportedly been unable to file its quarterly financial report for the first quarter of 2020, due on May 15, 2020, and expects to file no later than June 29, 2020, according to filings with the SEC.

The Trouble with Non-Traded REITs

Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, like RW Holdings NNN REIT, 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 RW Holdings NNN 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.

 

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