For Peakstone Realty Trust REIT Investors, There Is Still Time To File A Claim For Your Losses. Our REIT Investment Recovery Law Firm Continues To Investigate Broker-Dealers Over Allegedly Unsuitable Sales
If you are an investor who sustained losses in Peakstone Realty Trust (NYSE:PKST) (formerly Griffin Realty Trust) Shepherd Smith Edwards and Kantas REIT Investment Recovery Law Firm (investorlawyers.com) can help you determine whether you have grounds for pursuing damages. We are investigating whether broker-dealers unsuitably marketed and sold this real estate investment trust (REIT) to their customers.
This now publicly registered REIT joined the New York Stock Exchange in 2023. Not long after, it saw a huge drop in its net asset value, followed by a reverse stock split. However, even before Peakstone Realty Trust REIT changed its name, it was already the subject of investor complaints when it was known as Griffin Realty Trust.
Once valued at $9/share in 2021, when it was Griffin Realty Trust, share redemptions were suspended in October 2021. In 2024, the value was $1.58 per pre-split share, which reflected an about 82% loss in value.
Primarily involved in single-tenant industrial and office properties, Peakstone Realty Trust pays brokerage firms high commissions and fees for selling its shares to investors. It hasn’t helped that, because of the increase in remote work, the demand for office space is lower. This has hurt Office REITs.
How Do You Know Whether You Have Grounds For Suing Your Broker?
This is hard to determine unless you know what to look for. Our REIT loss attorneys can evaluate what caused your investment losses and whether you should file a broker fraud lawsuit.
Investors of Peakstone Realty Trust/Griffin Realty Trust that we have spoken to claim that they were never fully apprised of the risks. That could be reason enough to file a misrepresentation and omission claim for financial recovery if there were serious losses.
Also, REITs are risky investments and generally unsuitable for retail investors and other inexperienced or conservative investors. Unfortunately, an unsuitable investment recommendation is one of the most common reasons that customers end up suing their financial advisors.
If we decide to work together, know that you will have seasoned REIT fraud attorneys on your side. The Shepherd Smith Edwards and Kantas REIT Investment Recovery Law Firm has been fighting for investors for more than 30 years. We have a strong track record of helping clients secure full or partial financial recovery for the losses they sustained in this legal forum, as well as in mediation and in court.
Contact Our REIT Investment Recovery Law Firm
Call (800) 259-9010 or fill out this form.