Shepherd Smith Edwards and Kantas Continue to Investigate Peakstone Realty Trust Losses. Our REIT Loss Attorneys Are Looking Into Allegations of Broker Misconduct
For the past year, Shepherd Smith Edwards and Kantas (investorlawyers.com) have been speaking to investors who suffered losses in Peakstone Realty (NYSE: PKST), which is a publicly registered real estate investment trust (REIT). It was formerly the non-traded REIT Griffin Realty Trust (also, before that, Cole Office & Industrial REIT (CCIT II) and Griffin Capital Essential Asset REIT). Over the past few years, investors of this latest iteration, and its previous ones, have expressed concern about significant portfolio losses.
It was in April 2023 that Peakstone Realty Trust REIT joined the New York Stock Exchange. Its net asset value dramatically plunged. There was also a reverse stock split that happened. Yet, rather than these developments benefiting investors, some reported paying more to purchase their shares than what they are now worth while others allege that they suffered a near-total loss of equity.
Our seasoned REIT loss lawyers are investigating whether the broker-dealers that marketed and sold Peakstone Realty Trust allegedly unsuitably recommended it to retail investors and retirees, made any material misrepresentations and omissions, overconcentrated investors’ accounts, committed due diligence failures, or engaged in other kinds of broker misconduct or negligence.
Peakstone Realty Trust is mostly involved in owning and operating single-tenant industrial and office properties. Real estate investments are not appropriate for inexperienced or conservative investors. What they do, however, is pay high commissions and other fees to brokerage firms for selling them to customers.
If you sustained losses in Peakstone Realty Trust or, as it was previously called, Griffin Realty Trust, our REIT fraud attorneys can help you determine whether you have grounds for pursuing damages from your broker and their firm.
What Are The Benefits of Working With Our Savvy REIT Law Firm?
When you hire us, you are receiving more than a century’s worth of combined experience in securities law and the securities industry. We are a dedicated team of skilled securities attorneys, legal assistants, consultants, and others. Shepherd Smith Edwards and Kantas genuinely care about making you financially whole again.
Our securities law firm understands the nature of both REITs and non-traded REITs and why they lead to so many investor losses. We know how to assess whether you have been the victim of stockbroker misconduct or negligence and can give you the best chance possible to maximize your opportunity to obtain full financial recovery.
How To Contact Us To Discuss Your Peakstone Realty Trust REIT Losses
Call (800) 259-9010 or fill out this form.