Wilkinson Properties Fund 16, LLC – Private Placement Investment Investigation
The White Law Group is investigating potential securities claims involving Wilkinson Properties Fund 16, LLC, a real estate investment entity that recently filed a Form D notice of exempt offering of securities with the Securities and Exchange Commission (SEC).
According to the filing, Wilkinson Properties Fund 16, LLC was formed in Delaware and is based in Yakima, Washington. The company is structured as a limited liability company (LLC) and operates in the residential real estate sector.
Details of the Offering – Wilkinson Properties Fund 16
- Total Offering Amount: $37,753,441
- Total Amount Sold (as of the filing): $23,912,787
- Type of Securities: Equity interests
- Date of First Sale: July 23, 2021
- Filing Type: Amendment to prior notice
- Broker-Dealers Involved: Emerson Equity LLC, JRL Capital Corporation, Whitehall-Parker Securities, among others
- Sales Commissions Reported: $98,442
The filing also discloses that approximately $1.65 million of offering proceeds were designated for payments to company insiders for organizational and offering expenses.
Risks of Private Placement Investments
Private placement investments such as Wilkinson Properties Fund 16, LLC are typically sold under Regulation D, Rule 506(c) exemptions, allowing issuers to raise capital without SEC registration. While these offerings may provide investment opportunities, they are often:
- Illiquid: Investors may not be able to easily sell their shares.
- Risky: Real estate markets can be volatile, and returns are not guaranteed.
- Opaque: Unlike publicly traded investments, private placements are not subject to the same disclosure requirements.
Unfortunately, many investors are not fully informed of the high level of risk before purchasing these investments.
Broker Sales Practices
The Form D filing identifies multiple registered representatives and brokerage firms as selling agents for Wilkinson Properties Fund 16, LLC. Broker-dealers have a duty to ensure that investment recommendations are suitable for each client, based on the client’s risk tolerance, financial situation, and investment objectives.
If your financial advisor unsuitably recommended Wilkinson Properties Fund 16, LLC or another private placement investment, you may have grounds to recover your losses through FINRA arbitration.
The White Law Group’s Investigation
The White Law Group is a national securities fraud law firm with offices in Chicago, Illinois, and Seattle, Washington. We are investigating potential claims involving brokerage firms that sold Wilkinson Properties Fund 16, LLC to retail investors.
Free Consultation
If you have suffered losses in Wilkinson Properties Fund 16, LLC or another private placement investment, please call The White Law Group at (888) 637-5510 for a free consultation with a securities attorney.
To learn more about our firm’s investigation and how we may be able to help, visit www.whitesecuritieslaw.com.
Frequently Asked Questions (FAQs) – Wilkinson Properties Fund 16
What is Wilkinson Properties Fund 16, LLC?
Wilkinson Properties Fund 16, LLC is a private placement investment based in Yakima, Washington. According to SEC filings, it focuses on residential real estate projects and has raised more than $23 million from investors through the sale of equity securities.
What are the risks of investing in private placements like Wilkinson Properties Fund 16, LLC?
Private placement investments are typically high-risk and illiquid. Investors may not be able to sell their interests easily, and the lack of transparency compared to publicly traded investments makes it difficult to fully evaluate the offering. Real estate private placements, in particular, can be sensitive to market fluctuations and economic conditions.
Can I recover losses if I invested in Wilkinson Properties Fund 16, LLC?
If your financial advisor unsuitably recommended Wilkinson Properties Fund 16, LLC or failed to disclose the risks of the investment, you may be able to pursue a claim through FINRA arbitration. The White Law Group is investigating potential claims and may be able to help investors recover losses.
