Have you suffered investment losses as a result of your purchase of NNN 2002 Value Fund LLC or NNN 2003 Value Fund LLC? If so, the White Law Group may be able to help you recover your losses.
According to files with the Securities and Exchange Commission, the NNN Value Funds are limited liability companies that are the operators of nonresidential buildings. Both companies were managed by Triple Net Properties where Tony Thompson was chief executive officer.
NNN is the often used to abbreviate triple net lease. Triple net (NNN) lease are similar in many ways to TIC (tenant- in-common) investments. These types of investments give investors the ability to invest in a small portion of commercial real estate and have distinct tax benefits. However, these are complex investment products and as such carry significant risks.
Both Funds were offered to investors as private placements. Private placements are unregistered securities products and therefore lack regulatory oversight compared to more traditional products such mutual funds or stocks. The risks and lack of liquidity associated with private placement make them arguable unsuitable for most investors.
Unfortunately it is not uncommon for brokers to downplay the risks when selling private placements to investors. Brokers who sell private placements to unsuitable investors or fail to adequately disclose investment risks can be held accountable for losses suffered through FINRA arbitration.
If you have concerns regarding your interests in NNN 2002 Value Fund LLC or NNN 2003 Value Fund LLC and would like to speak with a securities attorney about your litigation options, 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 and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
To learn more about The White Law Group visit, www.whitesecuritieslaw.com.