April 3, 2021 Comments Off on BSP Realty Trust Investigating Potential Lawsuits Blog, Current Investigations

BSP Realty Trust Investigating Potential Lawsuits

BSP Realty Trust Investigating Potential Lawsuits, featured by top securities fraud attorneys, The White Law Group

BSP Realty Trust (Benefit Street Partners Realty Trust) – Tender Offer $11.02 per share

The White Law Group continues to investigate potential securities claims involving broker dealers who may have improperly recommended Benefit Street Partners Realty Trust to investors.

Benefit Street Partners Realty Trust, a publicly registered non-traded REIT, is focused on originating and managing a diversified portfolio of commercial real estate debt investments, according to its website.

According to a Schedule TO filed with the SEC on April 2, 2021, Comrit Investments 1, Limited Partnership has extended an offer to shareholders to purchase up to 2,300,000 shares of common stock, par value $0.01 per share in Benefit Street Partners Realty Trust, Inc. for $11.02 per Share

The original offering price of the REIT was $25.00 per share indicating potential financial losses for investors.

Last July we reported that the company decreased its cash dividend equivalent to $1.10 per annum, from the previous rate equivalent to $1.44 per annum, per share. 

After temporarily suspending its Distribution Reinvestment and Stock Purchase Plan in March 2020 the company reportedly resumed the plan for the second-quarter 2020 dividend.

Illiquid Investments

The trouble with non-traded REITs, like BSP Realty Trust is that they are complex and inherently risky products.

Lack of liquidity is often problematic for many investors.  Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.

According to Central Trade and Transfer, a secondary market for non-traded REITs, shares of BSP Realty Trust are currently listed to sell for just $6.78 per share. The original offering price of the REIT was $10.00 per share. 

Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.

Filing a Complaint against your Brokerage Firm

To determine whether you may be able to recover investment losses incurred as a result of your purchase of BSP Realty Trust,  please contact The White Law Group at 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com.

 

 

 

 

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