KBS REIT III Investors May Want To Explore Their Options for Recovering Portfolio Losses. Our Non-traded REIT Fraud Lawyers Continue To Investigate Brokers For Unsuitable Recommendations Of This Alternative Investment
If you are an investor who sustained losses in KBS Real Estate Investment Trust III (KBS REIT III),Shepherd Smith Edwards and Kantas (investorlawyers.com) may be able to help you explore your legal options. Not only has this non-traded real estate investment trust’s net asset value (NAV) seen a significant decline of 30.5% from the previous year to $3.89/share (consider that it was $5.60/share the year prior), but also, last month,
KBS REIT III announced amendments to a loan agreement for one of its properties yet again. The news came soon after the non-traded REIT disclosed it had amended its loan agreement with lenders, including Bank of America.
It was just in December 2023 that KBS REIT III reported it was in doubt about its ability to keep on. Not long after, the non-traded REIT sold an office building in Tennessee and had to give back the keys to another building in California.
In a January 2023 filing with the US Securities and Exchange Commission (SEC), KBS REIT III reported that its board of directors had suspended ordinary redemptions because of, reportedly, challenges impacting commercial office buildings. Unfortunately, such developments involving KBS REIT III can cause investors to see a drop in the value of their shares.
Secondary market LODAS Markets has noted that KBS REIT III shares sold there not too long ago for just $1/share. The non-traded REIT’s offering price was $10/share.
Our non-traded REIT loss lawyers represent investors who have sustained losses in KBS REIT III. This includes, most recently, a Texas retiree who is suing LPL Financial. Our client is requesting six-figures in damages.
How Do You Know If You Have Grounds for a KBS REIT III Loss Recovery Claim?
If you contact us today, we can schedule a free case assessment to help you determine what happened and whether you should pursue damages from your financial advisor. While non-traded REITs can open up opportunities for retail investors to which they might not otherwise have access, these investments can be high-risk, illiquid, non-transparent, and subject to high upfront fees and commissions.
Unfortunately, there are non-traded REIT losses that do happen because of investment scams or due to failure. Even if your broker or investment adviser was not directly involved in any kind of alleged fraud, if they unsuitably recommended KBS REIT to you, failed to conduct the necessary due diligence that this was a viable alternative investment, neglected to fully apprise you of the risks, or breached their fiduciary duty to you (whether through negligence or broker misconduct), you may have grounds for a FINRA lawsuit against your financial adviser and their firm.
To seek damages for this type of dispute with your broker, you will likely have to file your claim in FINRA arbitration. Shepherd Smith Edwards and Kantas has represented many real estate investment trust investors in this legal forum. We have the skills, experience, and resources to maximize your chances for a full recovery.
Call (800) 259-9010 today.