Recovery of Investment Losses in Resource Real Estate Opportunity REIT II
Have you suffered losses investing in Resource Real Estate Opportunity REIT II? If so, The White Law Group may be able to help by filing a FINRA Resolution claim against the brokerage firm that sold you the investment.
Resource Real Estate Opportunity REIT II focuses primarily on underperforming or distressed real estate and real estate loans. The REIT went effective in February 2014 and has raised $555.6 million since inception, according to the April Stanger Market Pulse. As of December 31, 2015, the company owned 10 multifamily properties.
Risks of REITs
A real estate investment trust (REIT) 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. They must 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.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation that some investors purchase REITs like Resource Real Estate Opportunity REIT II.
Brokerage firms that sell such products are required to perform adequate due diligence on the investments. They must ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives.
If you suffered losses investing in Resource Real Estate Opportunity REIT II and would like a free consultation with a securities attorney, please call The White Law Group at 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 firm, visit http://www.whitesecuritieslaw.com.