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Written by 4:31 pm Blog, Securities Fraud Articles

CORE series 2008-A 9% Request Maturity Date Extension

Are you concerned about your investment in CORE Realty Holdings? If so, The White Law Group may be able to help you through a Financial Industry Regulatory Authority (FINRA) arbitration claim against the broker dealer that sold you the investment.

According to their website, CORE Realty Holdings provides Co-Ownership of Real Estate (CORE) investment opportunities through 1031 exchanges commonly offered as a Tenant-In-Common (TIC) ownership format. The company “targets the acquisition of quality middle-market office, industrial, retail and multi-family assets.”

Recently, a letter to debenture holders in CORE series 2008-A 9% announced the company is seeking a two year extension on a loan for the Revere Golf Club located in Las Vegas, Nevada. The loan extension would also require an extension on the current debenture maturity date.

According to the letter, “the golf market in Las Vegas has suffered greatly and has not yet seen signs of rebounding.”

Many broker dealers may have marketed TIC and other real estate investments as “safe,” downplayed the risks, and/or placed too much emphasis on the potential income stream such properties could generate. Broker dealers that mislead investors or do not adequately disclose the risks associated with an investment may be in violation of securities law and liable for investment losses.

To determine whether you may have a claim involving your CORE Realty Holdings or another 1031 exchange investment, please call The White Law Group at (312)238-9650 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 and Boca Raton, Florida.

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.

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