KBS NON-TRADED REIT 3 LIMITS REDEMPTIONS.
Oakes and Fosher is currently representing those who have invested in a KBS REIT and suffered losses due to its high risk and illiquidity. The KBS 3 non-traded REIT has limited redemptions on its non-traded REITs, similar to issues at other companies, like Inland, Griffin, The Parking REIT, Franklin Square, and others.
The REIT’s value, as reported by these companies, does not reflect the accurate market value. Further, as of December 2022, the secondary market price of the KBS REIT is less than $6.00 a share.
Brokerage firms and their stockbrokers have misrepresented the true nature of these securities when marketing them to potential clients. If you invested in a KBS REIT or any other non-traded REIT, you may be able to recover your losses. Contact the expert attorneys at Oakes & Fosher today for a free consultation.
What is a Non-Traded REIT?
Non-traded REITs are investment pools aimed at earning investors income through purchasing real estate. Typically, these investment pools fund development projects which generate income through rent.
Non-traded REITs do not trade on a public securities exchange, meaning they can be illiquid (not easily converted to cash). Therefore, securities firms and regulatory agencies experience increased challenges to monitor them.
Stock brokers and firms often misrepresent these products as safe and profitable investments when in reality, they’re the opposite. REITs are risky and unsuitable for many investors, because there’s no guarantee that the real estate development projects behind them are successful. In many situations, they don’t generate profit.
Instead, these private pools are subject to lofty fees and internal conflicts of interest that make profiting challenging or impossible. The brokerage firms and their advisors must be held accountable for misrepresenting and failing to disclose all information regarding the unsuitable KBS REITs. The skyrocketing purchasing fees and large broker commissions have resulted in significant losses for unknowing investors.
Oakes & Fosher Will Fight for You
If you invested in the KBS REIT and suffered losses, you’re not alone. Oakes & Fosher has been investigating the complaints regarding KBS 3 non-traded REIT sales and their actual market value. We’ve brought FINRA actions regarding the KBS REIT’s unsuitable sale and recovered investors’ losses.
We dedicate our entire legal practice to helping investors across the United States recover damages from stockbroker and brokerage firm misconduct. We are keenly aware of the legal duties brokers and firms have to their customers, and the best ways to recover your losses successfully.
When you choose our attorneys, paralegals, and staff members, you can rest assured knowing that tremendous experience, knowledge, resources, and commitment are fighting for you. Our goal is to assist every wronged or defrauded investor, regardless of their loss amounts.
Recover Your KBS REIT Losses
If you or someone you know lost money from KBS REITs, please contact our attorneys at 1-314-428-7600 for a free consultation and options to recover your damages. Oakes & Fosher represents investors nationwide in cases involving stockbroker negligence and fraud. We handle these cases on a contingency basis, meaning that you won’t pay legal fees unless we collect for you.
Don’t let your stockbroker take advantage of your finances any longer. Contact us today.