NOTE NAME CHANGE: On March 9, 2012, in what is likely a damage control move, Inland Western changed its name to Retail Properties of America. Here is a link to Inland’s press release.
According to the company website, no shares are being repurchased by the company and, as is the case with all non-traded REITs, their website goes on to explain “Inland Western shares are not listed on a national exchange and cannot readily be sold”. Many of you already are aware of that sad fact if you have tried selling you shares.
Annualized per share distributions have fallen from $.6425 in 2008 to $.26 in 2011. A recent tender offer from CMG in late 2011 offered $3.50 per share. According to Inland secondary market trades have ranged from $4.08 to $6.00 per share. Any of these values are far less than the $10 initial offering price.
REITs attracted unsophisticated investors who were promised steady, dependable distributions of income. Many investors were not made fully aware of the risks associated with these investments.
If you have suffered losses in Inland Western Retail REIT , please do
not hesitate to contact us .
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900