Securities Investigation- CNL Healthcare Properties II
Are you concerned about your investment in CNL Healthcare Properties II? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
CNL Healthcare Properties II, a publicly registered non-traded real estate investment trust, invests in senior housing, medical office, acute care and post-acute care properties.
The company has reportedly suspended its distribution reinvestment plan and stock redemption plan effective October 1, 2018. CNL Healthcare Properties II stock distributions for July, August and September will be issued around September 10, 2018, after which point there will be no further stock distributions.
According to recent SEC filings, the company has elected to not pursue a follow-on offering and close the current equity offering on October 1, 2018. The board also formed a special committee of the Board to “consider possible strategic alternatives”.
Strategic alternatives may include selling the company or its assets and distributing the net proceeds to shareholders; or engaging in a merger or other transaction with a third party. A liquidation of company assets or a company sale would require shareholder approval.
Investigating Potential Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending high-risk non-traded REITs, like CNL Healthcare Properties II to investors.
Brokerage firms are required to perform due diligence on any offering they recommend and to ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.
If a firm fails to perform due diligence or makes an unsuitable recommendation, the broker-dealer can be held responsible for any losses in a FINRA arbitration claim.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in CNL Healthcare Properties II and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visithttps://whitesecuritieslaw.com.
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