According to Central Trade and Transfer, a secondary market for private placements, shares of Strategic Realty Trust are currently listed for sale for just $4.60/share. Unfortunately for investors, this represents a significant loss on their capital investment of $10.00/share.
Strategic Realty Trust (formerly known as TNP Strategic Retail Trust) is a non-traded REIT which owns a portfolio of shopping centers. It is sponsored by Thompson National Properties, LLC and launched in 2008.
The White Law Group is investigating the liability that brokerage firms may have for improperly recommending Strategic Realty Trust (formerly TNP Strategic Retail Trust) to investors.
Investors looking to sell non-traded REITs such as Strategic Realty Trust, often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale.
Besides the liquidity issue, there is the problem of high commissions. Brokers often earn as much as 15% from the sale of non-trade REITs. Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.
Brokerage firms are required to perform adequate due diligence on any investment they recommend and to 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.
To discuss your litigation options with a securities attorney, please call 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 Vero Beach, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.