November 30, 2016 Comments (0) Blog, Current Investigations

Uniprop Manufactured Housing Communities Income Fund II Plan of Dissolution

(Last Updated On: January 11, 2017)

Are you concerned about your investment losses in Uniprop Manufactured Housing Communities Income Fund II? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

Uniprop Manufactured Housing Communities Income Fund II, a limited partnership, acquires, maintains, and operates residential real properties in the United States. Its portfolio consists of manufactured housing communities in Sunshine Village and West Valley, according to Bloomberg. Uniprop Manufactured Housing Communities Income Fund II was founded in 1986 and is headquartered in Birmingham, Michigan.

Compared to traditional investments, such as stocks, bonds and mutual funds, limited partnerships, like Uniprop, 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 limited partnerships.

According to a proxy statement dated November 29, 2016, Investors are asked to consider and approve a Plan of Dissolution. The Plan of Dissolution consists of two phases: Phase One – Sale of the Properties and Phase Two – Dissolution and Winding-up of the Partnership. In Phase One, the General Partner will be directed and will have the authority to sell the Partnership’s last two real estate properties, our Sunshine Village and West Valley manufactured housing communities.

Other than liquid assets on the balance sheet, these Properties constitute substantially all of the Partnership assets. The General Partner will have broad authority to sell the Properties at a price and on terms and conditions acceptable to it in its discretion.

The White Law Group has represented numerous investors in claims against the brokerage firm that made unsuitable recommendations to invest in real estate limited partnerships like Uniprop.

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 inline 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. For more on the investigation see, Uniprop Manufactured Housing Communities Income Fund II Tender Offer.

If you have invested in Uniprop Manufactured Housing Communities Income Fund II 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.