Recovery of Investment Losses in COLE Growth Opportunity Fund I
Have you suffered losses investing in COLE Growth Opportunity Fund I? If so, The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
According to their website, The Cole Growth Opportunity Fund was designed to provide investors access to the early stages of real estate development, traditionally available only for institutional investors. The objective of this Fund is to provide the higher returns associated with this type of real estate.
In May 2017, LP sales, a secondary market for non-trade REITs, listed shares of COLE Growth Opportunity Fund I for $6,000 for .35 of one unit. Unfortunately for investors, this appears to be a significant loss on their capital investment.
The White Law Group is currently representing many non-traded REIT investors in claims against the brokerage firms that recommended products like COLE Growth Opportunity Fund I.
These claims result when broker-dealers fail to perform adequate due diligence on the REITs before offering them for sale to their clients. Additionally the brokerage firms often fail to determine whether the investments were appropriate in light of their clients’ age, investment, experience, net worth, and tolerance for risk.
The Trouble with 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.
Non-traded REITs are generally high risk investment, but financial advisor often sell them as low-risk, conservative investments.
If you are concerned about your non-traded REIT investments, such as COLE Growth Opportunity Fund I, please call the securities attorneys of The White Law Group at (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 http://www.whitesecuritieslaw.com.