According to their website, Monogram is a Real estate investment trust (REIT) that creates value through a portfolio of distinctive multifamily communities. Monogram capitalizes “on investment and development opportunities in high-growth urban locations. With the Monogram Apartment Collection operational platform, Monogram drives value through efficient asset management and rent growth.”
A real estate investment trust (REIT) such as Monogram Residential Trust is a company that owns, and in most cases, operates income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and even timberlands. Some REITs also engage in financing real estate. The REIT structure was designed to provide a real estate investment structure similar to the structure mutual funds provide for investment in stocks.
REITs are 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.
For information The White Law Group’s investigation of REITs, see REITs: Impact of Interest Rate Hike.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Monogram Residential Trust REIT or another Monogram investment, please contact The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.