Concerned about your investment in Strategic Storage Trust IV?
Are you concerned about your investment losses in Strategic Storage Trust IV (SST IV)? If so, the securities attorneys at The White Law Group may be able to help you.
Strategic Storage Trust IV, Inc. is a public non-traded REIT that focuses on the acquisition of stabilized and growth self storage properties. SST IV owns 16 self storage facilities comprising approximately 11,000 self storage units and 1.3 million net rentable square feet of storage space, as well as two parcels of land under development. The REIT reported that it had raised $219.7 million in gross proceeds as of December 31, 2019.
According to filings with the SEC, on April 23, 2020, Strategic Storage Trust IV, Inc. announced that its board of directors approved the suspension of its primary offering effective April 30, 2020. The REIT previously announced that it was updating the frequency with which it declared distributions from quarterly to monthly, no changes to distribution amounts were announced. SST IV also announced that it suspended its share repurchase program effective April 29, 2020.
Recovery of Investment Losses
The White Law Group is currently investigating potential claims against brokerage firms who may have unsuitably recommended non-traded REITs to investors.
These claims result when broker-dealers fail to perform adequate due diligence on the investments before offering them for sale to their clients. Additionally the brokerage firms often fail to determine whether the investments were appropriate in light of their clients’ age, investment, experience, net worth, and tolerance for risk.
If you are concerned about your investment losses in Strategic Storage Trust IV (SST IV), please call the securities attorneys of 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 and Franklin, Tennessee.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.