KBS Real Estate Investment Trust – Investment Losses
If you suffered lost money investing in KBS Real Estate Investment Trust, The White Law Group may be able to help recover some of your losses. We are investigating potential FINRA arbitration claims against brokerage firms that sold KBS to clients.
KBS Real Estate Investment Trust launched its initial public offering in January 2006 for up to 200 million shares of common stock and 80 million DRIP shares. The REIT raised $1.7 billion in its primary offering before its closing in May 2008, and $233.7 million under its dividend reinvestment plan which was terminated in April 2012. The company’s portfolio consists of 188 real estate properties, three real estate loans receivable, and a participation interest in a real estate joint venture.
The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) like KBS. In those claims, the firm has alleged, among other things, that REITs were (1) high-risk and unsuitable for our clients given their financial needs and investment objectives, (2) that the risks of the investment were not fully disclosed to them, and (3) that the brokerage firms that sold the investments failed to follow FINRA rules to perform adequate due diligence.
According to LPsales.com, a secondary marketplace for non-traded REITs, shares of KBS were priced at $2.68 per share as of February 2016. That’s more than 70% less than the original purchase price of $10.00 per share.
Non-Traded REITs are complex products that involve a significant degree of risk and arguably unsuitable for many investors. Brokerage firms that overlooked suitability requirements or failed to disclose the risk when recommending KBS to clients, may be liable for losses.
Recovery of Investment Losses
If you invested in KBS Real Estate Investment Trust or another non-traded REIT and would like to discuss your litigation options with a securities attorneys, please call The White Law Group at 1-888-637-5510 for a free consultation. Also, more information can be gathered on our website, 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 Franklin, Tennessee.
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