brokerwatch

In 2019, investors with Phillips Edison Grocery Center REIT III in their portfolios were caught by surprise when a merger between Phillips Edison & Company and Phillips Edison Grocery Center REIT was announced. As a consequence of the merger, a filing was submitted to the SEC that indicated a suspension of offerings, a suspension of the distribution reinvestment plan, and a suspension of the share repurchase program.

Then, according to The DI Wire, as “a response to the COVID-19 pandemic, the REIT suspended distributions after March 2020, as well as share repurchases.”

One of the big problems with Non-Traded REITs is their lack of liquidity:

Investors with Phillips Edison Grocery Center REIT III or other Phillips Edison REITs in their portfolio should contact Peiffer Wolf today.

In addition to the thousands of brokers around the country who sold Phillips Edison REITs, some known brokers who sold Phillips Edison REITs include Aaron Martinez, Robb Herje, and Satya Brata Shaw.

Now, the securities law firm of Peiffer Wolf Carr Kane & Conway (“Peiffer Wolf”) has begun investigating any and all brokers and advisors who recommended Phillips Edison REITs including Phillips Edison Grocery Center REIT III to investors. If you invested in Phillips Edison REITs, Contact Peiffer Wolf for a FREE CONSULTATION by calling 585-310-5140 or by filling out a Contact Form on this website.

Have you suffered losses investing in Phillips Edison REITs like Phillips Edison Grocery REIT III? The broker misconduct attorneys at Peiffer Wolf will fight to recover your losses.

Brokers and financial advisors are often drawn to recommending REITs because of the high commissions associated with the transaction. These alternative investments are generally only suitable for savvy investors who are wealthy and sophisticated. These complex investment products are often highly illiquid, meaning investors may be stuck and not able to access their money. Moreover, many illiquid REITs cannot be freely sold in the marketplace.  All too often, investors trying to exit or access their money are faced with two bad options: sell the shares directly back to the sponsor at a heavily discounted price or sell the shares for pennies on the dollar through the limited secondary markets.

Did You Invest in Phillips Edison REIT? Phillips Edison REIT Lawsuit