Griffin-American Healthcare REIT III is a publicly registered, non-traded real estate investment trust (REIT). The REIT is sponsored by American Healthcare Investors and Griffin Capital Company, LLC.
The White Law Group is currently representing many non-traded REIT investors in claims against the brokerage firms that recommended high risk investments, like Griffin-American Healthcare REIT III, onto unsuspecting investors.
Real estate investment trusts (REITs) are complex and inherently risky products. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors.
In addition to the high risks, non-traded REITs like Griffin-American Healthcare REIT III often lack liquidity. Investors looking to sell these investments often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale.
According to Central Trade & Transfer, a secondary market for private placements, shares of Griffin-American Healthcare REIT III interests are currently listed for $8.02/share. Unfortunately for many investors, it appears that the secondary market price would represent a significant loss on their initial capital investment. The original offering price for the REIT is $10.00/share.
Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs – as high as 15%. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market. Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations.
If you are concerned about investment losses in Griffin-American Healthcare REIT III, or another non-traded REIT, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.