Hi, I’m Emily Carter, a financial analyst and writer with expertise in unpacking complex investment vehicles. Recently, I’ve been closely examining the concerns surrounding Peakstone Realty Trust (NYSE: PKST), which was formerly known as Griffin Realty Trust.
If you’ve been guided towards investing in Peakstone Realty Trust based on assurances that it’s stable, easy to exit, or a good choice for the short-term, you might have been misled. Such misrepresentation by financial advisors is alarming, and I want to emphasize that you could have options for seeking compensation.
With a situation like this, having seasoned investment fraud attorneys like those at Haselkorn & Thibaut can be a lifeline. They’re investment fraud specialists with a commendable record, boasting over 50 years of combined experience and an impressive 98% success rate. If you’re facing losses, they offer a free consultation to explore your recovery options – reach them at 1-800-856-3352.
Peakstone Realty Trust at a Glance
Formerly Griffin Realty Trust, Peakstone is a non-traded REIT domestically recognized for its ownership and management of a diverse portfolio comprising mainly offices and industrial spaces. They switched their name in March 2023, ahead of joining the New York Stock Exchange.
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As of February 2023, here’s a snapshot of their assets:
- They hold 79 properties, securing $243 million in annual rent.
- Industrial spaces comprise 24% of their portfolio.
- Office uses dominate with a 76% share.
- The occupancy rate stands at a solid 95.1%.
Located in El Segundo, California, Peakstone strategically manages its investments through net leases, usually transferring property-related expenses to the tenants.
How Risky is Peakstone Realty Trust?
It’s worth noting that investing in something like Peakstone is inherently risky, particularly for those seeking quick profits or immediate liquidity. This kind of investment really calls for significant financial resilience and is better suited to long-term holders.
A sobering thought comes to mind: “The four most dangerous words in investing are: ‘this time it’s different’.” The financial world is riddled with uncertainty, and this investment is no exception. Additional financial thresholds also apply – requiring investors to meet certain net worth or income criteria.
Has Peakstone Realty Trust’s Value Taken a Hit?
Quite troubling was their announcement last August when they stated their share net asset value had dropped to $7.42 from $9.10 the preceding year. This downtrend was attributed primarily to the devaluation of office spaces, despite industrial properties gaining value.
The Drive Behind Selling Properties
Defining their strategic direction, Peakstone engaged in a process set to realign their assets – creating a public entity for select portfolios and planning a gradual sale of the office-dominated assets, eventually winding up operations and returning capital to shareholders.
Peakstone Realty Trust’s Move to Go Public
Indeed, Peakstone made its public debut on the NYSE in March 2023 following a 1-for-9 reverse stock split, trading at $21.20 on May 16, 2023.
Financial Losses with Peakstone Realty Trust
Investors might find that they’ve suffered substantial losses since their initial investment in Peakstone. Distributions have been halted, and share prices have seen a downturn. Notably, if the risks weren’t made clear at the time of investment, there could be a potential for recovering those losses.
Securing Guidance from Haselkorn & Thibaut
If you’ve faced losses with Peakstone, don’t hesitate to consult with Haselkorn & Thibaut at InvestmentFraudLawyers.com. They represent clients all over the country in claims against advisory firms and investment entities. Offering more than just legal expertise, they have a history of success in getting justice for their clients. Plus, you only pay if they successfully recover funds on your behalf.
As a financial insider, I’ve observed that a staggering number of bad financial advisors slip through the cracks. For instance, did you know that approximately 7% of financial advisors have been disciplined for misconduct at some point in their careers? Before engaging with an advisor, it’s sensible to review their credentials and history, including their FINRA CRM number to confirm their legitimacy.
Taking complex financial topics and distilling them into digestible insights is my passion. I believe that informed investors are empowered ones, capable of making decisions that truly align with their interests and tolerances. If you’ve been affected by the circumstances at Peakstone Realty Trust, seeking professional advice could be your best next step.
