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Written by 8:19 pm Blog, Current Investigations

Presidio Property Trust Losses – Investors may have claims

Presidio property trust losses, featured by top securities fraud attorneys, The White Law Group

Presidio Property Trust Losses (fka NetREIT) – Secondary Sales Price $3.00

According to its website, Presidio Property Trust was “founded as NetREIT in 1999 as a contrarian real estate investor focused on out-of-the-mainstream properties, many in locations largely ignored by institutional investors.” The company incorporated in 2010 and is a self-managed Real Estate Investment Trust (REIT).

Liquidity Problems – Secondary Sales – Update October 22, 2019

Investors looking to sell REITs, like Presidio Property Trust, often have difficulty finding a buyer, and can suffer significant losses on the sale.

CTT Auctions, secondary market for private placement investments, recently listed shares of Presidio Property Trust for $3.00 per share. This may be at a significant loss to investors, as the original purchase price was $10.00 per share.

According to SEC filings, the REIT does not have a formal policy with respect to a stock repurchase program and typically restricts repurchases to hardship cases only.

Presidio Property Trust has also reportedly suspended distributions in the third quarter of 2017, according to SEC filings.

Recovery of Presidio Property Trust Losses

The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs such as Presidio Property Trust to investors.

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.

Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses through FINRA Arbitration.

If you have invested in Presidio Property Trust and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 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 www.whitesecuritieslaw.com.



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