September 16, 2016 Comments (0) Blog, Current Investigations

Update: MVP REIT II

MVP REIT II
(Last Updated On: April 10, 2017)

MVP REIT II Investment Losses

Have you suffered losses investing in MVP REIT II? If so, The White Law Group may be able to help.

According to their website, MVP REIT II is a $500 million hybrid REIT offering which invests in commercial real estate and loans secured by real estate, primarily focusing on parking facilities, including lots, garages and other structures located throughout the United States and Canada.

In June 2016, the company announced possibly listing  one or both of the company’s common stock on a national securities exchange, strategic alliances and acquisitions, potential borrowings and future capital raises. MVP REIT II also announced that it anticipated it would close its current public offering of its common stock on or about October 1, 2016.

Then in July, we told you that MVP REIT has decided to defer taking further action to list the company’s common shares on the NASDAQ Global Market.

On September 16, 2016, MVP REIT II, Inc. announced that its board of directors approved the extension of the public offering of common stock from October 1, 2016 to December 31, 2016.  The board may make additional extensions.

Non-traded REITs, like MVP REIT II, are often complex and high risk investments that are really only suitable for sophisticated investors. It is the duty of the brokerage firm to perform due diligence on any investment and to ensure that the investment is suitable for a particular investor in light of that investor’s age, investment objectives, income, net worth, and investment experience. Given the current risk of devaluation of these REITs, such investments are likely only suitable for wealthy and/or sophisticated investors who can properly evaluate the risks of the investment and afford substantial losses.

For more information on The White Law Group’s investigation of MVP REIT II, click here.

Recovery of Investment Losses

If you have suffered losses investing with MVP REIT II, and would like a free consultation with a securities attorney, please call The White Law Group at  1-888-637-5510.

The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on The White Law Group, visit www.whitesecuritieslaw.com.