Griffin Capital Essential Asset REIT II –Investigating Potential Claims
Are you concerned about your investment in Griffin Capital Essential Asset REIT II? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Griffin Capital Essential Asset REIT II is a publicly registered non-traded REIT “focused on acquiring a portfolio consisting primarily of single tenant business essential properties throughout the United States, diversified by corporate credit, physical geography, product type, and lease duration,” according to its website. Griffin Capital Essential Asset REIT II is one of several REITs sponsored or co-sponsored by Griffin Capital Company, LLC.
According to recent filings with the SEC, due to a strategic alternative review process, on August 16, 2018, the REIT’s board of directors approved the temporary suspension of the Primary Offering, effective August 17, 2018, “to allow the Special Committee to evaluate this potential strategic alternative.”
The Problem with Non-traded REITs
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended high-risk non-traded REITs such as Griffin Capital Essential Asset REIT II to investors.
Many investors are not fully aware of the problems and risks associated with non-traded REITs before purchasing them. This includes lack of liquidity. Investors looking to sell these investments often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale.
REITs are complex and inherently risky products. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors.
Brokers typically earn high commissions for selling REITs – as high as 15%. Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.
Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.
FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
If you are concerned about your investment in Griffin Capital Essential Asset REIT II and would like a free consultation with a securities attorney, please call The White Law Group at (888) 637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.