Cole III REIT Investors’ Options to Seek Compensation
Securities attorneys Joe Peiffer and Jason Kane, along with their co-counsel, have recently filed a case on behalf of Cole III REIT investors, charging Cole III and certain of its affiliates and directors with orchestrating a transaction with Cole’s management company to the detriment of the investors.
Investors who have suffered losses as a result of an investment in Cole III REIT or other Cole Real Estate Investment programs are encouraged to contact attorneys Jason Kane and Joe Peiffer for a free evaluation of their recovery options.
The Complaint filed against Cole III REIT by attorneys Peiffer and Kane and their co-counsel arises out of Cole III’s takeover of its management company, controlled by Christopher Cole, in a transaction known as an “internalization.”
The Cole III REIT “internalization” transaction paid Christopher Cole and other Cole principals an exceedingly high, and unjustified, price of at least $127 million, according to the Complaint filed against Cole III. The Cole III shareholders were never consulted prior to this transaction, which had no economic justification and operated to the shareholders’ detriment, according to the Complaint.
Other REIT investment programs have also been questioned recently by regulators due to various alleged violations of the securities rules and regulations. Attorneys Peiffer and Kane recently filed two class action complaints on behalf of investors in other, non-traded REIT programs.
Attorneys Kane and Peiffer continue to be in touch with Cole III REIT investors regarding options for compensation. COLE III investors who believe they may be the victim of broker misconduct may contact attorneys Kane and Peiffer for a free case evaluation, at 585-310-5140.