Behringer Securities LP announced that it has changed its name to Provasi Capital Partners LP. According to the company’s press release the name change coincides with “the company’s three-year evolution from a single-purpose investment provider into an independent investment management platform with selected portfolio managers and specialized strategies[.]
The name Behringer for many investors is associated with a number of non-traded REITs that cost many investors significant losses.
The White Law Group continues to pursue claims on behalf of investors in non-traded REITs against the brokerage firms and financial professionals that recommended these investments.
REITs typically pay a high commission – often as much as 10-15% (which often explains the stockbroker’s motivation in recommending the REIT investment to the investor).
Due to the relatively high interest or dividend offered by non-traded REITs, retired investors are often attracted to these products. Unfortunately, in addition to be risky investments, non-traded REITs are also illiquid.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of a risky REIT investment, please contact The White Law Group at 312-238-9650.
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.