Investors in Peakstone Realty Trust have raised serious concerns about losses and misleading sales tactics following the company’s transition from Griffin Realty Trust. Many of these complaints center around financial advisors misrepresenting the nature of non-traded REIT investments, which later suffered major declines in value. With the trust’s net asset value reportedly falling by 82%, investors are now questioning whether they were given accurate information—or sold unsuitable investment products.
If you or someone you know has suffered significant investment losses through Peakstone Realty Trust or another non-traded REIT, don’t hesitate to reach out to Meyer Wilson Werning today. Our attorneys are experienced in securities fraud cases and will help to guide you through the process with a free consultation to determine whether your losses are the result of actionable misconduct.
How the Griffin to Peakstone Transition Unfolded
In March 2023, Griffin Realty Trust rebranded as Peakstone Realty Trust in anticipation of a public listing on the New York Stock Exchange. The goal was to reposition the trust with a renewed focus on industrial and office real estate. However, the rebranding has done little to ease investor frustration.
Misleading Sales and Inadequate Disclosures
Many investors report being told by their financial advisors that these non-traded REIT investments were low-risk and would offer steady income. But these promises did not align with the actual product risks, particularly the lack of liquidity and market transparency.
- Investments were presented as conservative but carried significant downside exposure.
- Clients were often not warned about the challenges of exiting non-traded REITs before a public listing or liquidation event.
These issues mirror earlier complaints against Griffin Realty Trust, suggesting a pattern of potentially unsuitable recommendations and incomplete risk disclosures.
Sharp Decline in Value
The drop in share value has been one of the most troubling developments. After a reverse stock split in 2023, Peakstone shares dropped from over $9 per share in 2021 to around $1.58, representing an 82% loss in value.
- This collapse left many investors with losses far beyond what they were led to expect.
- The steep decline has also led to questions about Peakstone’s financial health and management.
To learn more about non-traded REITs and their associated risks, watch our video below:
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Legal Rights and Claims for Affected Peakstone Investors
If you invested in Peakstone Realty Trust based on misleading recommendations or insufficient disclosures, you may have legal options for pursuing recovery.
Common Legal Claims
Investors are evaluating a range of legal claims, including:
- Negligence: Financial advisors who failed to assess an investor’s risk tolerance or financial goals may be held accountable for recommending unsuitable REIT products.
- Breach of contract: If the terms or expectations outlined in offering documents were not met, investors may have a claim based on breached obligations.
- Arbitration: Many investors are filing disputes through arbitration forums, which may provide a more efficient path to recovery than traditional litigation.
Each situation is unique, and investors should seek legal counsel to determine whether a financial advisor or brokerage firm violated industry rules or fiduciary responsibilities.
Limited Support and Investor Confusion
Another common issue is the lack of support many investors have received when trying to understand or exit their investment.
- Investor inquiries were often met with vague or dismissive responses.
- Many report feeling abandoned after the decline, with little recourse or explanation from Peakstone.
How Meyer Wilson Werning Helps Peakstone Investors
At Meyer Wilson Werning, we represent investors who were misled into buying unsuitable or risky investment products, including non-traded REITs like Peakstone Realty Trust. If your financial advisor failed to disclose key risks, or if you were misled into believing your investment was conservative, you may have grounds to pursue recovery.
We have experience handling claims involving misrepresentation, poor due diligence, and non-traded REITs that underperform or fail to deliver as promised. Contact us today — our team can evaluate your situation and guide you through the legal process, including arbitration or litigation if necessary.
Our lawyers are nationwide leaders in investment fraud cases.
Frequently Asked Questions
What is Peakstone Realty Trust and how did it evolve from Griffin Realty Trust?
Peakstone Realty Trust is the successor to Griffin Realty Trust. In 2023, Griffin rebranded as Peakstone in preparation for a public listing. However, this transition did not resolve investor concerns about declining values and inadequate disclosures.
Why are investors filing complaints about Peakstone?
Many investors claim they were misled by financial advisors who promoted Peakstone as a low-risk, income-generating investment. In reality, the investment carried significant liquidity and market risks that were not fully disclosed.
How much value has Peakstone lost?
Following its rebranding and a reverse stock split, Peakstone’s share value dropped from over $9 to around $1.58—a staggering 82% decline that left many investors with substantial, unexpected losses.
What legal claims can Peakstone investors pursue?
Affected investors may pursue claims for negligence, breach of contract, or unsuitable investment recommendations. These are often handled through arbitration, which can provide a more efficient path to recovery.
Recovering Losses Caused by Investment Misconduct.
