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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
  • Retail Properties Of America (Formerly Inland Western REIT) Investors Pursue Broker Dealers 0 comments
    May 9, 2012 4:10 PM | about stocks: RPAI

    As we have previously reported, Inland Western Real Estate Investment Trust was recently converted, via a reverse merger, from its status as a non exchange-traded REIT to a publicly traded company-Retail Properties of America (NYSE:RPAI).

    Before getting too excited about the fact that the investment can now be readily sold on a public exchange, investors need to be aware of what has occurred with regard to the original value of their investment. Inland Western came out at $10 a share and after the reverse merger into Retail Properties of America, shares of that company trade at less than $9.

    This equates to about $3 per share on the original $10 investment. A 70% loss.

    Investors should check the terms of the merger as not all of the stock can be sold immediately.

    Investors were initially told by many selling brokers that it was a low risk, safe investment that would maintain value while paying out regular and dependable distributions of income. If you bought Inland Western on the basis of similar representations, you may be able to recover your losses.

    We have recently counseled a number of investors who purchased Inland Western REIT from LPL Financial and Ameriprise Financial and are in the process of filing FINRA arbitration on their behalf.

    If you have questions about REIT purchases or other losses in your stock market account, please contact us at 561 391 1900.

    Nationwide representation.
    Free consultation.

    Rex Securities Law

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: RPAI
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