Why KBS Growth & Income REIT Investors May Want To Speak With A Savvy Non-Traded Real Estate Investment Trust Loss Lawyer
KBS REIT Discloses Liquidation Plans
If you sustained losses in KBS Growth & Income REIT, Shepherd Smith Edwards and Kantas (investorlawyers.com) can help you determine whether you have grounds for a broker negligence lawsuit. On February 13, 2023, this non-traded real estate investment trust (non-traded REIT), which is believed to have raised about $94M in common stock proceeds during its offering period from 2015 to 2019, reportedly submitted a preliminary proxy statement that included a liquidation plan.
KBS Growth & Income REIT’s board of directors is now recommending that shareholders approve this plan. As of September 30, 2022, this real estate investment trust estimated net asset value (NAV) was $1.16/share. It reportedly defaulted on a mortgage obtained by a portfolio office property in Portland in December 2022.
Our skilled non-traded REIT investor loss lawyers have been investigating claims of investor losses involving KBS Growth and Income, KBS Real Estate Investment Trust II, and KBS Real Estate Investment Trust III, as well as whether brokerage firms unsuitably recommended and sold shares in these REITs to customers.
KBS REITS are complex, illiquid, and risky. They are generally only suitable for investors with a high-risk tolerance level. There is growing concern that there are financial advisors who may have neglected to fully apprise their clients of the risks. Unfortunately, the high commissions that brokers can earn from non-traded real estate investment trusts may often cause them to ignore their fiduciary duty to clients.
We cannot tell you how many investors we have spoken to who have found themselves with too-risky investments that they should never have gotten involved with at all.
Why Speak With Our Knowledgeable REIT Loss Lawyer Team?
Our experienced non-traded real estate investment trust attorneys have spent more than thirty years representing all kinds of investors in recouping their losses caused by broker fraud and negligence. Not only can we provide you with a free, no-obligation case assessment, but also we can apprise you of your legal options.
If we determine that you have a reason for filing a broker negligence lawsuit, and we decide to work together, Shepherd Smith Edwards and Kantas will help you file a solid investor loss claim against your brokerage firm and represent you before the panel of FINRA arbitrators that will rule on your securities case.
You want to work with trusted securities lawyers that understand the nature of this type of financial product and the ways in which broker misconduct or negligence can contribute to an investor’s losses.
Call (800) 259-9010 today.