The White Law Group is investigating potential securities fraud claims involving broker dealers that sold high risk non-traded REITs, like Carter Validus Mission Critical REIT, to unsuspecting investors.
Carter Validus Mission Critical REIT is a non-traded REIT that invests in net leased data center and healthcare assets, according to its website.
In May, the REIT’s board of directors suspended the company’s share repurchase program (SRP) for the rest of the year. This may be bad news for investors wanting to get out of this investment.
Non-traded REITs such as Carter Validus Mission Critical REIT are illiquid. Investors looking to sell alternative investments often have difficulty finding a buyer, and can suffer significant losses on the sale.
Currently, CFX Trading, a secondary market for non-traded REITs, is listing shares of Carter Validus Mission Critical REIT for just $4.00 per share. This may represent a significant loss on investors’ capital investment, as the original purchase price was $10.00 per share.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for their clients. Recommendations should be appropriate for the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
If you suffered losses investing in Carter Validus Mission Critical REIT the securities attorneys at The White Law Group may be able to help you. To learn more about the potential to recover your investment losses, please call our offices at 1-888-637-5510 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 about The White Law Group, please visit 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.