Tag Archives: KBS Real Estate Investment Trust

KBS REIT I Lawsuit: How to Recover KBS Real Estate Investment Trust (REIT) Losses

KBS Real Estate Investment Trust Lawsuit: If you invested in KBS REIT I, you may be able to recover your KBS REIT Losses, but you must act quickly! Call our REIT Attorneys Toll Free at (888) 252-0048 for a Free Consultation.

KBS REIT Lawsuit and KBS REIT I Investigation

KBS REIT Lawsuit

KBS REIT Lawsuit

The REIT Investment Losses Division of Gilman Law LLP is seeking to represent investors who sustained financial losses in the KBS REIT I, a non-publicly traded real estate investment trust focused on commercial real estate, KBS realty advisors, KBS-CMG, or other responsible parties. The KBS Real Estate Investment Trust I (KBS REIT 1) has stopped paying distributions to its investors, seen a sharp drop in its valuation, and suspended redemptions. Most investors who purchased shares in the KBS REIT I did so believing that it was a safe and secure investment which would generate income without placing their principal at risk.

For over 40 years, the Investment Loss Attorneys at Gilman Law LLP have represented investors in all major aspects of public REIT lawsuits, non-traded REIT lawsuits, securities litigation, including stock manipulation, securities fraud, and shareholder rights violations. Our securities fraud lawyers are offering free legal consultations to any investor who suffered financial losses stemming from an investment in the KBS REIT 1. If you or someone you know purchased shares in this REIT, and you’re concerned about the investment, we urge you to contact our securities fraud lawyers today by calling toll free at (888) 252-0048.

KBS REIT I Valuation Drop

The offering price paid by most investors for KBS REIT I was $10 per share, and the KBS Real Estate Investment Trust had raised approximately $1.7 billion from real estate investors. Since most real estate investors purchased their shares, the KBS REIT I has seen a sharp drop in valuation. Most recently, on April 3, 2012, KBS Capital Advisors and the KBS REIT I told investor that it was cutting the value of the REIT to $5.16 per share, from $7.40, a drop of 29%. At the same time, KBS REIT 1 informed investors it was ceasing distributions “with the goal of managing the REIT’s debt obligations and cash flows, and attempting to maximize the total return to investors over time.” Previously, the KBS REIT I had been paying out annual distributions of 5.3%.

KBS REIT I has also reportedly suspended redemptions, meaning investors holding these share are stuck with them. Investors in non-traded REITs, like KBS REIT I, that have had redemption programs suspended may have difficulty selling their investments or suffer a serious loss on the secondary market. It is highly unlikely that buyers on the secondary market would be willing to pay anywhere near the appraised value of the KBS REIT 1 shares.

Legal Help for KBS REIT I Investors and KBS REIT I Shareholders

Investors in KBS REIT 1 may be able to recover their losses by becoming part of a KBS REIT Lawsuit or filing a FINRA arbitration claim. Gilman Law LLP has extensive experience representing both individual and institutional investors in securities class action suits involving non-traded REITs like KBS REIT I, and has recovered over a billion dollars for its clients. Our securities fraud lawyers are ready to assist investors who have suffered losses in the KBS REIT 1. For a free evaluation of your case, please complete our free consultation form online or CALL TOLL FREE (888) 252-0048.

What About KBS REIT II?

Real Estate Investors with KBS REIT II losses are also encouraged to contact the securities attorneys at Gilman Law LLP for a Free Consultation. Our firm is actively investigating claims for real estate losses in KBS REIT II as well as KBS REIT I. Please contact our firm toll free at (888) 252-0048 or complete our free consultation form online to receive a free KBS REIT II Case Review.