Jim Eccleston: Columbia Property Trust IPO Struggles | Investors

Posted on October 23rd, 2013 at 4:43 PM

From the Desk of Jim Eccleston at Eccleston Law:           

            Columbia Property Trust (“Columbia Property”), formerly a non-traded REIT, went public recently, and the results were not good for investors.  Despite the post-2008 recovery, older non-traded real estate investment trusts still are struggling with debt, high offering and operating expenses and the aftermath of the real estate downturn.

            Columbia Property is a $5.7 billion REIT that, since 2004, has purchased so-called Class A properties.  This “liquidity event," after reverse splits along the way, is netting investors a 45% loss on their initial investment (plus distributions, which Columbia Property has cut twice since 2009). 

            By comparison, public REITs, as measured by the iShares U.S. Real Estate ETF (IYR), has more than doubled in price over the past several years.

The attorneys of Eccleston Law represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags:

Return to Archive

TESTIMONIALS

Previous
Next

You guys are good!

Mike L.

LATEST NEWS AND ARTICLES

August 16, 2022
SEC Warns Financial Advisory Firms Regarding Conflicts of Interest Tied to Compensation

The Securities and Exchange Commission (SEC) has sent a warning to financial advisory firms that they must go above and beyond solely disclosing conflicts of interest related to employee pay programs in order to avoid regulatory scrutiny. 

August 15, 2022
FINRA Proposal Would Permit Private Homes to Serve as Non-Branch Offices

The Financial Industry Regulatory Authority (FINRA) has filed proposed changes to FINRA Rule 3110 with the Securities and Exchange Commission (SEC).

August 12, 2022
SEC Charges J.P. Morgan, UBS, and TradeStation for Deficiencies Pertaining to the Prevention of Customer Identify Theft

The Securities and Exchange Commission (SEC) has charged J.P. Morgan Securities, UBS Financial Services, and TradeStation Securities over deficiencies in their programs designed to prevent client identify theft, which violates the SEC’s Identity Theft Red Flags Rule, or Regulation S-ID.