The $5.7 billion REIT, Columbia Property Trust, went public last week, but despite the real estate market's post-2008 recovery, older non-traded real estate investment trusts are still struggling. Jason Kephart writes in a recent article from InvestmentNews that Columbia REIT was filled with supposed Class A properties, and began raising money at the start of the real estate boom in 2004. They went public last week at $22.50 a share, offering long-term investors a liquidity event to exit the fund.
Before its public listing, the REIT had 4-for-1 share split, which put its price around $29 a share, from just over $7.33. So investors who bought in at $10 a share, essentially were offered the opportunity to cash out at a net asset value of around 45% less than the price they paid at their initial purchase. The Columbia REIT has cut its distributions twice since 2009. Investors have lost about 30% since purchasing shares of the REIT in 2009.
If you were an investor who purchased Columbia Property Trust REIT at the recommendation of your broker/dealer who may have told you that it was a safe, low risk investment, and placed a substantial portion of your portfolio in this very risky investment, you may be able to recover your losses. For a free consultation on how to potentially recover your losses, with an attorney, call Soreide Law Group at 888-760-6552.
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Soreide Law Group is investigating potential investor claims involving losses in NextGenTech Investments LLC, a private fund managed by Sestante Capital LLC that purported to provide investors with economic exposure to shares of private companies, including Anduril Industries. Recent criminal proceedings involving Sestante Capital's manager have raised significant concerns regarding the offering, the representations made […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com