Investors in Benefit Street Partners Realty Trust, Inc. (“Benefit Street”) may have FINRA arbitration claims, if their investment was recommended by a financial advisor who lacked a reasonable basis for the recommendation, or if the nature of the investment was misrepresented by the stockbroker or advisor.
Benefit Street, formerly known as Realty Finance Trust, changed its name around September 2016 when they appointed Benefit Street Partners as its new advisor. Benefit Street was founded in 2012 as a non-traded real estate investment trust, also known as a REIT. Investors who purchased shares in Benefit Street through the offering acquired shares at $25 per share, but currently has an estimated net asset value (“NAV”) of $18.75 per share. Even worse, shares on the secondary market are valued between $14.25 and $14.00 per share.