June 10, 2017 Comments (0) Current Investigations

Virtus Storage Investment III LP Securities Fraud Investigation

Virtus Storage Investment III LP
(Last Updated On: July 11, 2017)

Investigating Potential Claims in Virtus Storage Investment III LP

Did you lose money investing in Virtus Storage Investment III LP at the recommendation of your broker? 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 Memphis Business Journal, Virtus Real Estate Capital takes in investor capital and uses it for commercial real estate, focusing on assets that it believes are recession-proof. Its four core assets for investments are self-storage, student housing, senior housing and medical office properties.

Virtus Storage Investment III, started in February 2009, with up to $120 million in property purchases across the Southeast. It purchased self-storage properties with this fund and was completed in February 2011.

According to SEC Filings, Virtus Storage Investment III filed a Form D to raise capital in 2009.

The Trouble with Reg D Private Placements

Private placements are a means for smaller companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC. These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors.

The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling alternative investment products like Virtus Storage Investment III to their clients.

Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.

If you have concerns regarding your investment in Virtus Storage Investment III or another private placement investment and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.

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 White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.