Behringer Harvard Opportunity REIT I Securities Fraud Investigation
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 employs him.
Behringer Harvard Opportunity REIT I, Inc. is an equity real estate investment trust launched by Behringer Harvard Holdings, LLC. The fund invests in real estate markets across the world, according to Bloomberg. It focuses on acquiring properties with significant possibilities for capital appreciation, such as those requiring development, redevelopment, or repositioning, or those located in markets and submarkets with higher volatility, lower barriers to entry, and high growth potential. The fund primarily invests in commercial real estate sector.
According to reports, the company suspended its distribution in March 2011 and currently oversees a portfolio of five properties with an investment cost of $357 million.
Investors looking to sell a private placement investment often have difficulty finding a buyer, and can suffer significant losses on the sale. 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.
Unfortunately for investors, LP Sales, a secondary market for private placements, sold shares of Behringer Harvard Opportunity REIT I in January for just $1.25 per share.
The Trouble with Non-traded REITs
Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, like Behringer Harvard Opportunity REIT I, are considerably more complex and involve a high degree of risk.
Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs.
The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to these investors.
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.
If you have invested 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 and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.
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