Tag Archives: KBS REIT complaint

KBS REIT – Securities Investigation – Final Liquidation

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KBS REITKBS REIT – Dissolution of the Company

Did you lose money investing in KBS REIT at the advice of your financial advisor? If so, the securities attorneys may be able to help you.

The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) including KBS REIT.

KBS Real Estate Investment Trust, Inc., publicly registered non-traded REIT, went effective in January 2006 and closed its offering in May 2008 after raising $1.7 billion in investor equity.

Stockholders of KBS REIT approved a plan of complete liquidation and dissolution of the company in January 2017, according to SEC filings.

According to SEC filings last week, the board of KBS REIT authorized a $2.40 per share liquidating distribution to the company’s stockholders of record on December 14, 2017. The distribution is expected to be paid this week and will be funded from proceeds from asset sales.

As a result of the distribution, the board approved an estimated value of $0.00 per share for the company’s common stock, effective December 14, 2017.

The Trouble with Non-Traded REITs

KBS REIT is a non-traded REIT. These investments are complex and inherently risky products.

Broker dealers are required to ensure that their recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. They are also required to inform clients of the risks associated with investment recommendations. Firms that fail to do so may be held responsible for any losses through FINRA Arbitration.

FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.

Lack of liquidity can also be a problem for many investors.  Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.

If you are concerned about investment losses in KBS REIT or another non-traded REIT, you may be able to recover your losses. Please call The White Law Group at 1-888-637-5510 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 Vero Beach, Florida. For more information on The White Law Group, please visit www.whitesecuritieslaw.com.

 

 

KBS REIT Investment Losses – Recovery Options

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KBS REITHow to recover your losses in KBS REIT

The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) including KBS REIT.

KBS Real Estate Investment Trust, Inc., publicly registered non-traded REIT, went effective in January 2006 and closed its offering in May 2008 after raising $1.7 billion in investor equity.

Stockholders of KBS REIT approved a plan of complete liquidation and dissolution of the company in January 2017, according to SEC filings. KBS REIT said that the net proceeds from the remaining asset sales will be distributed to stockholders by January 27, 2019. The dissolution filing will not affect the right of shareholders to receive distributions under the liquidation plan and Maryland general corporation law.

Shares of KBS REIT were originally sold for $10.00 each. The company previously paid special distributions of $0.65 per share to stockholders for property sales from 2012 through 2015.

The Trouble with Non-Traded REITs

The trouble with non-traded REITs, like KBS REIT, is that they are complex and inherently risky products.

Broker dealers are required to inform clients of the risks associated with investment recommendations. They must ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so may be held responsible for any losses.

In addition, lack of liquidity can be problematic for many investors.  Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.

If you are concerned about investment losses in KBS REIT or another non-traded REIT, please call The White Law Group at 1-888-637-5510 for a free consultation. It may be possible to recover your losses through a FINRA arbitration claim against the brokerage firm that sold you the investment.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on The White Law Group, please visit www.whitesecuritieslaw.com.