Benefit Street Partners Realty Trust Shareholders may have Claims
The White Law Group is investigating potential claims involving Benefit Street Partners Realty Trust and the liability that brokerage firms may have for improperly recommending high-risk non-traded REITs to investors.
Benefit Street Partners Realty Trust originates, acquires and manages a portfolio of commercial real estate debt investments.
According to filings with the SEC, Comrit Investments 1, Limited Partnership, an investment fund based in Tel-aviv, has just completed a tender offer to purchase up to 2,500,000 shares of common stock, par value $0.01 per share, in Benefit Street Partners Realty Trust, Inc., for $10.02 per Share.
After completing its purchase of 78,664 Shares, Comrit now owns an aggregate of approximately 296,499 Shares, or approximately 0.7% of the total outstanding Shares, according to the Schedule TO filing on December 18, 2020.
The tender offer price of $10.02 per share may suggest losses for investors, as the original offering price of the REIT was $25.00 per share. In September, the REIT declared a Net Asset Value of just $17.88 per share.
Recovery of Investment Losses
Non-traded REITS are considerably more complex than traditional investments and usually involve a high degree of risk. Unfortunately many investors were unaware of the risks and liquidity problems associated with non-traded REITs, when they were sold the investments. They also may come with high fees and commissions.
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.
If a broker dealer fails to adequately disclose risks or make unsuitable investment recommendations, it can be held liable for investment losses.
If you are concerned about your investment in Benefit Street Partners Realty Trust, the securities attorneys at The White Law Group may be able to help you. Please call The White Law Group at 1-888-637-5510 for a free consultation with an experienced securities attorney.
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.
For more information on The White Law Group and its representation of investors, please visit our website at www.whitesecuritieslaw.com