The securities lawyers of Gana Weinstein LLP are investigating investor losses in Benefit Street Partners Realty Trust (Benefit Street) a non-traded real estate investment trust (Non-Traded REIT). Benefit Street was formerly known as Realty Finance Trust. However, in September 2016 Realty Finance Trust appointed Benefit Street as its new advisor replacing AR Global Investments.
According to the firm’s website, Benefit Street originates, acquires, and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. The funds manager is a leading credit-focused alternative asset management firm with over $20 billion of assets under management. The manager claims it has an experienced real estate team and lends against all commercial property types across the United States. The REIT invests throughout the capital structure with a focus on generating attractive risk-adjusted returns.
However, according to secondary market sources for non-traded REITs, shares of Benefit Street are currently listed for $12.99 per share a far drop from the sale price of $25 per share.