Did you lose money investing in Black Creek Industrial REIT IV?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing in Black Creek Industrial REIT IV, a publicly registered non-traded real estate investment trust, at the recommendation of their financial advisor. If you suffered losses investing in the investment, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim against the broker-dealer and/or registered representative that recommended the investment.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
UPDATE 7/17/2020:Black Creek Industrial REIT IV has updated the monthly per share net asset values for its Class T, Class W, and Class I common stock. As of June 30, 2020, the REIT valued its Class T, Class W, and Class I shares at $10.0591 per share, compared to $10.0597 per share the previous month. Shares were originally priced at $10.00 each.
UPDATE 6/17/2020: Black Creek Industrial REIT IV has updated the monthly per share net asset values for its Class T, Class W, and Class I common stock. As of May 31, 2020, the REIT valued its Class T, Class W, and Class I shares at 10.0597 per share, compared to $10.0629 per share the previous month. Shares were originally priced at $10.00 each. Class T shares are available to the general public; Class W shares are generally available through fee-based programs known as wrap accounts; and Class I shares are available to institutional investors. The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities divided by the number of outstanding shares, all as of May 31, 2020. Altus Group U.S. Inc., a third-party firm, assisted with the valuation process.
UPDATE 5/18/2020: Black Creek Industrial REIT IV has updated the monthly per share net asset values for its Class T, Class W, and Class I common stock, as of April 30, 2020. As of April 30, 2020, the REIT valued its Class T, Class W, and Class I shares at $10.0629 per share, compared to $10.0645 per share the previous month. In February 2020, Class T, Class W, and Class I shares each had an NAV per share of approximately $10.07. Class T shares are available to the general public; Class W shares are generally available through fee-based programs known as wrap accounts; and Class I shares are available to institutional investors.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
What are Real Estate Investment Trusts (REIT)?
A Real Estate Investment Trust (“REIT”) is a complex investment that is generally only suitable for sophisticated high-net worth investors, and then only in certain circumstances. A REIT is an entity that owns, and may also manage, income producing real estate. REITs pool capital from multiple investors and use it to purchase properties, similar to mutual funds and other pooled investment vehicles.
A Real Estate Investment Trust can be offered in several different forms. A Public Exchange Listed REIT is registered with the U.S. Securities and Exchange Commission (“SEC”) and is publicly traded on a national securities exchange. A Public Non-Listed REIT is registered with the SEC, but does not trade on a major securities exchange. Finally, a Private REIT, also known as a private-placement REIT, is not registered with the SEC and does not trade on a national securities exchange.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Black Creek Industrial REIT IV Due Diligence Requirement
FINRA requires brokerage firms to conduct due diligence on investments, such as Black Creek Industrial REIT IV, and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokerage firms that fail to conduct adequate due diligence on investments they recommend, such as Black Creek Industrial REIT IV, or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing in Black Creek Industrial REIT IV and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
