REIT Loss Lawyers

Why Exploring Your Legal Options With Trusted Non-Traded REIT Loss Lawyers Matters

Retiree Sues Securities America For Unsuitably Recommending Griffin Realty Trust

For some time now, investors of Griffin Realty Trust (formerly called Griffin Capital Essential Asset REIT) have been reporting significant investment losses. Matters weren’t helped much when in October 2021, this publicly registered non-traded real estate investment trust (non-traded REIT) announced it was suspending both its share redemption program and its distribution reinvestment plan. Then, in 2022 Griffin Realty Trust announced a “strategic monetization process” that included spinning off a newly public company while liquidating its remaining assets.

Our skilled non-traded REIT lawyers have been investigating loss claims by investors who may have been unsuitably recommended Griffin Realty Trust by their broker. Most recently, this led to Shepherd Smith Edwards and Kantas (investorlawyers.com) filing a broker fraud lawsuit against Securities America on behalf of a California retiree.

The claimant, who is an inexperienced, conservative, risk-averse investor, was looking for financial security. Instead, Securities America and its San Diego financial advisor J. Graydon Coghlan (also president of CFG Wealth Management) allegedly unsuitably recommended Griffin Realty Trust even though this non-traded REIT was not in line with the retiree’s investment goals and risk tolerance level. One can only assume that the high commissions associated with these types of investments may have been the alleged incentive for the sale.

Our team of dedicated Griffin Realty Trust investor loss attorneys will be representing this investor and his broker negligence lawsuit before a FINRA arbitration panel in San Diego, CA.

Why You Should Consult With Savvy Non-Traded REIT Investor Loss Attorneys

It can be hard to determine whether your investment fraud losses are due to broker fraud or negligence. This is even more true with non-traded real estate investment trusts, which can be, by their very nature, high-risk, illiquid, and complex.

These alternative investments are sophisticated investments and are nearly always developed exclusively for sale by independent brokerage firms like Securities America. One reason for this is that non-traded REIT sponsors know that many indy broker-dealers typically employ a business model in which their brokers are likely to generate up to 90% in commissions—compared to the financial advisors at most traditional brokerage firms that will earn about 40% in commissions. Because of this, there are independent broker-dealers that end up allegedly unsuitably recommending non-traded REITs to retail investors, inexperienced investors, conservative investors, senior investors, and retirees.

Shepherd Smith Edwards and Kantas understand the nature of these kinds of investments and the ways in which broker negligence or misconduct can lead to many investors suffering huge losses in financial products they should have never gotten involved in. With over a century’s worth of combined experience in securities law and the securities industry, our team of seasoned non-traded REIT loss lawyers, broker fraud examiners, legal assistants, and consultants represent all kinds of investors in pursuing damages from the brokerage firms responsible.

Not only can we help you explore your legal options to determine whether you have grounds for a FINRA lawsuit during a free, no-obligation case assessment, but also should we agree to work together, you will have our entire securities’ law firm fighting for you. Over the years, we have helped thousands of investors. More than 90% of our clients have achieved full or financial recovery for their investment losses.

To speak with one of our knowledgeable Griffin Realty Trust investor loss attorneys, throughout the US call (800) 259-9010 today. If you are a California investor, you can also reach us locally at (619) 550-4847 or contact us online.