Strategic Realty Trust NAV Continues to Decline 

Strategic Realty Trust Suspends Redemptions & Distributions 

Have you suffered losses investing in Strategic Realty Trust, formerly known as TNP Strategic Retail Trust? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.

Strategic Realty Trust is a non-traded real estate investment trust (REIT) which owns a portfolio of shopping centers that are anchored by such grocers as Publix, Kroger, and Wal-Mart. It is a non-traded REIT sponsored by Thompson National Properties, LLC.

According to filings with the SEC, effective May 21, 2020, the Company suspended its Amended and Restated Share Redemption Program (the “SRP”). The SRP will remain suspended and no further redemptions will be made unless and until the Board approves the resumption of the SRP.
 

Dividends were also suspended on March 27, 2020, due to “the COVID-19 pandemic, its impact on the economy and the related future uncertainty,” and  the company notes that it may reconsider future dividend payments on a quarter-by-quarter basis as more information becomes available on the impact of COVID-19 and related impact to the Company. Dividend payments were not reinstated as of September 30, 2021, according to the last quarterly report filed with the SEC.

Strategic Realty Trust Value Continues to Decline 

According to filings with the SEC, the company approved $3.43 per share as the estimated value of the Company’s common stock as of February 28, 2021. This indicates a large drop in value as the original offering price was $10 per share.

Selling your Shares of Strategic Realty Trust 

Unfortunately, the high sales commissions of most non-traded REITs may provide some brokers with enough incentive to make unsuitable investment recommendations. Non-traded REITs also lack liquidity. Investors looking to sell these investments often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale. According to Central Trade and Transfer, shares of Strategic Realty Trust were recently listed for sale for just $0.90 per share.

The White Law Group continues to investigate the liability that brokerage firms may have for improperly recommending Strategic Realty Trust to its clients. 

Brokerage firms are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations made are suitable for their clients in light of the clients’ age, income, net worth, tax status, investment experience, and investment objectives.

If you have suffered losses investing in Strategic Realty Trust, please contact the securities attorneys at The White Law Group at 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 Seattle, Washington. 

For more information on The White Law Group, please visit https://whitesecuritieslaw.com.

To learn more about the firm’s investigation, please see: 

Strategic Realty Trust – Tender Offer $1.00/share 

Strategic Realty Trust Shareholders may have Claims