The Securities Arbitration Law Firm of KlaymanToskes announced today that it is investigating potential claims on behalf of investors in Inland Western REIT, which is know known as Retail Properties of America, Inc. Many investors in Inland Western REIT were advised by their brokers that the value of their investment would come back following an initial public offering (“IPO”) of the REIT. However, this has proven to be anything but the case. At the IPO, Retail Properties was offered at $8, well below the expected price of $10 to $12. Moreover, it is believed that the $8 offering price is the result of a reverse stock split and that the real value, split-adjusted, is $3 per share.
Many investors purchased Inland Western REIT n/k/a Retail Properties of America, Inc. at the recommendation of their brokers who advised them that it was a low risk, safe investment. In some cases, brokers put a substantial portion of their client’s portfolio in Inland Western REIT n/k/a Retail Properties of America, Inc., creating an unsuitable over-concentration in a single product. Investors who have sustained significant losses in Inland Western REIT n/k/a Retail Properties of America, Inc. include elderly investors and retirees.
If you sustained losses in Inland Western REIT n/k/a Retail Properties of America, Inc. and wish to discuss your legal options at no obligations, please contact KlaymanToskes at 888-997-9956.