Recover your Losses in ARC New York City REIT
Are you concerned about your investment in ARC New York City REIT? The White Law Group continues to investigate potential claims regarding broker dealers who may have unsuitably recommended high risk REITs such as ARC New Work City REIT to investors.
According to SEC filings today, Comrit Investments 1 LP, an Israeli private real estate investment fund, has extended an unsolicited tender offer to purchase up to 1.6 million shares of ARC New York City REIT. Comrit has offered to purchase shares for $14.68/share and the offer expires on March 6, 2018.
ARC New York City REIT is a non-traded real estate investment trust, sponsored by AR Global. The REIT owns six real estate properties, including office and retail properties, located in New York City. The company closed its initial public offering in May 2015. The original offering price of ARC New York City REIT was $25/share.
The Risk of Non-Traded REITs
Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs. Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, are considerably more complex and involve a high degree of risk.
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 brokerage firm fails to adequately disclose risks or make unsuitable investment recommendations, they can be held liable for investment losses through FINRA Arbitration.
The Financial Industry Regulatory Authority (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.
Have you suffered losses investing in American Realty Capital New York City REIT? If so, The White Law Group may be able to help you. To speak to a securities attorney about the potential to recover your investment losses, please call 1-888-637-5510 for a free consultation. For more information, please visit www.whitesecuritieslaw.com.
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 Vero Beach, Florida.
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