Phillips Edison & Co. Suspends Distributions

Phillips Edison & Co. – Securities Investigation

The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitably recommended non-traded REITs like Phillips Edison & Co. to investors.

Phillips Edison & Company (PECO) is a fully-integrated retail real estate company. The Company reportedly focuses on the purchase of under-performing, grocery-anchored properties in order to maximize their value through hands-on leasing, management, and redevelopment.

On March 30, 2020, PECO announced that it was suspending distributions.  The suspension will begin following the regularly scheduled monthly distribution on April 1, 2020.  PECO also announced that it will delay all capital projects “to the extent possible” and suspend its share repurchase program for death and disability as well. In August 2019, the company limited the share repurchase program to fulfill repurchases only upon a stockholder’s death or qualifying disability.

Investigating Potential Claims

The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) such as Phillips Edison & Co.

The trouble with non-traded REITs is that they are complex and inherently risky products.

Broker dealers are required to inform clients of the risks associated with investment recommendations. They must ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so may be held responsible for any losses through FINRA Arbitration.

Lack of liquidity is often problematic for many investors.  Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.

If you invested in Phillips Edison & Co. or another non-traded REIT and would like to discuss your litigation options with a securities attorney, please call The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group and its investigations, visit www.whitesecuritieslaw.com.