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KBS REIT I Suspends Dividends

Posted: Fri Apr 27, 2012 11:00 am
by shettena
A client of Ray Lucia's contacted me and asked me for any information regarding KBS REIT I, another wrecked REIT.

In its [url=]year-end report[/url] to shareholders on March 28, KBS REIT I announced it was suspending all dividend distributions indefinitely for the purposes for paying down debt, managing reduced cash flows, and other reasons.

Were there any signs that this was on the horizon and advisers who recommended this investment didn't due their homework?

I would appreciate any information you might have. Please contact me offline if you prefer.