Investigating Potential claims involving Behringer Harvard Opportunity REIT I
Did you lose money investing in Behringer Harvard Opportunity REIT I at the recommendation of your broker? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Behringer Harvard Opportunity REIT I went effective in September 2005 and closed in December 2007 after raising $559 million in investor equity. The company suspended its distribution in March 2011 and currently oversees a portfolio of five properties with an investment cost of $357 million.
Unfortunately for investors, CFX Trading, a secondary market for private placements, is currently offering shares of Behringer Harvard Opportunity REIT I for just $1.19 per share. Shares were originally priced at $10.00 each. According to GuruFocus, the company’s book value per share in December 2016 was $1.51 per share.
The Trouble with Non-traded REITs
Non-traded REITS, like Behringer Harvard Opportunity REIT I, are considerably more complex and involve a high degree of risk, compared to traditional investments, such as stocks, bonds and mutual funds.
Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs.
Investors looking to sell a private placement investment often have trouble finding a buyer, and can suffer significant losses on the sale.
The White Law Group has represented numerous investors in claims against their brokerage firms for recommending non-traded REITs.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses.
Free Consultation
If you have lost money investing in Behringer Harvard Opportunity REIT I and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
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.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.
Tags: Behringer Harvard Opportunity REIT I tender offer, Behringer Harvard Opportunity REIT I value, Chicago securities attorney, Chicago securities lawyer, Vero Beach investment fraud attorney Last modified: March 11, 2024