Peakstone Realty Trust (formerly Griffin Realty Trust, also formerly known as Griffin Capital Essential Asset REIT and Cole Office & Industrial REIT (CCIT II)) is an industrial and office-focused REIT which listed its shares on the NYSE on April 13, 2023. It has undergone significant changes, including a 1-for-9 reverse stock split and has experienced a notable drop in market value.
The Securities Lawyers at Halling & Cayo, S.C. are investigating claims that investors may have been misled about the risks and liquidity issues associated with Peakstone’s investment offerings. Peakstone Realty Trust is considered a high-risk alternative investment, with significant liquidity problems and dependency on a small number of tenants for revenue. Financial advisors and brokers are required to recommend suitable investments and may be held accountable for investor losses if they fail to do so. If you were sold an investment in Peakstone Realty Trust, Griffin Realty Trust, Griffin Capital Essential Asset REIT, and/or Cole Office & Industrial REIT (CCIT II) without a proper explanation of the risks associated with the REIT, you might have grounds for a FINRA arbitration claim against your Broker for their failure to disclose the risks prior to the sale. Broker-dealers are also required to conduct thorough due diligence on recommended investments and ensure their suitability for investors. Firms that neglect this responsibility may be held liable for any resulting losses in a FINRA arbitration claim.
In the event that you have incurred losses by investing in Peakstone Realty Trust, Griffin Realty Trust, Griffin Capital Essential Asset REIT, and/or Cole Office & Industrial REIT (CCIT II), and wish to consult with a securities attorney free of charge, please reach out to The Securities Lawyers at Halling & Cayo, S.C. by dialing (414) 755-5020.