The Sonn Law Group is currently investigating claims involving Phillips Edison Grocery Center REIT III. According to the SEC, this investment fund recently suspended its offerings. If your financial advisor sold you Phillips Edison Grocery Center REIT III, we want to talk to you about your case. Please contact our law firm today for a free initial consultation.
Phillips Edison Grocery Center REIT III is an investment fund that is co-sponsored by Griffin Capital Company and Phillips Edison & Company. The prospectus for the fund states that it primarily puts investor capital in multi-unit commercial properties that are anchored by grocery stores
On June 14th, 2019, Phillips Edison Grocery Center REIT III submitted a filing with the Securities and Exchange Commission (SEC) indicating that it was suspending offerings, suspending the distribution reinvestment plan, and suspending the share repurchase program. Investors are at risk of suffering losses.
Financial Advisors May Liable for Selling Phillips Edison Grocery Center REIT III
Phillips Edison Grocery Center REIT III is a non-traded real estate investment trust. These are fundamentally illiquid and risky financial products that are simply unsuitable investments for most investors. Financial advisor and brokerage firms that sold Phillips Edison Grocery Center REIT III to customers may be held legally liable for any resulting losses.
If you suffered losses after investing in Phillips Edison Grocery or any other risky non-traded REIT, you should consult with an attorney right away.
Jeffrey R. Sonn is a top-rated securities fraud lawyers with extensive experience handling claims involving non-traded real estate investment trusts. If suffered losses in Phillips Edison Grocery Center REIT III, Mr. Sonn can help. For a free, completely confidential consultation, please contact us today.