KBS Strategic Opportunity REIT II Investors may have claims.
If your financial advisor unsuitably recommended investing in KBS Strategic Opportunity REIT II, and you incurred losses, you may be able to recover your losses by filing a FINRA Arbitration claim.
KBS Strategic Opportunity REIT II is a non-traded real estate investment trust (REIT) “focused on acquiring an investment portfolio with a total return profile that is composed of investments that provide capital appreciation potential and current operating income,” according to Bloomberg.
According to the KBS Strategic Opportunity REIT II prospectus, “We have a history of operating losses and cannot assure our stockholders that we will achieve profitability. Since our inception in 2013, we have experienced net losses (calculated in accordance with GAAP) for each fiscal year, which have contributed to our cumulative net loss of $17.2 million from inception through March 31, 2018.
- Our net loss attributable to common stockholders for the three months ended March 31, 2018 was $2.9 million.
- Our net loss attributable to common stockholders for the year ended December 31, 2017, and from inception through December 31, 2017 was $3.3 million and $14.3 million, respectively.
- Our net loss attributable to common stockholders for the year ended December 31, 2016, and from inception through December 31, 2016 was $6.5 million and $11.1 million, respectively.
The extent of our future operating losses and the timing of when we will achieve profitability are highly uncertain, and we may never achieve or sustain profitability.”
Liquidity Problems – Secondary Sales Price -$7.60/Share
Investors looking to sell non-traded REITs, like KBS Strategic Opportunity REIT II, often have difficulty finding a buyer, and can suffer significant losses on the sale.
Unfortunately for investors, Central Trade & Transfer, secondary market for non-traded REITs, recently listed shares of KBS Strategic Opportunity REIT II for just $7.60 per share. This may be at a loss to investors, as the original offering price was $10.00 per share.
Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. If your advisor unsuitably recommended KBS Strategic Opportunity REIT II and you lost money, 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.
For a free, no obligation consultation with a securities attorney, please contact the offices of The White Law Group at 1-888-637-5510.
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.
FINRA provides an arbitration forum for investors to resolve disputes. The White Law Group represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.
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