February 5, 2018 Comments (0) Current Investigations

Behringer Harvard Opportunity REIT I –  Dissolution

Behringer Harvard Opportunity REIT I
(Last Updated On: February 5, 2018)

Behringer Harvard Opportunity REIT I – Secondary Market Price $1.60/share

Have you suffered losses investing in Behringer Harvard Opportunity REIT (BHOR I)? 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.

Behringer Harvard Opportunity REIT I Inc. is a publicly registered non-traded real estate investment trust. The REIT plans to file its articles of dissolution with the State Department of Assessments and Taxation of Maryland on Thursday, February 8, 2018, according to SEC filings.

The company reportedly expects to distribute the majority of the sales proceeds from liquidation in the second quarter of 2018.

In January 2017, stockholders approved the company’s plan of liquidation. Behringer Harvard Opportunity REIT I repaid its outstanding debt and is in the process of paying its remaining liabilities and other obligations and closing down its operations.

Risks of Non-Traded REITs

The trouble with non-traded REITs, like Behringer Harvard, is that they are complex and inherently risky products.

Broker dealers are required to inform clients of the risks associated with investment recommendations.  They must ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.

Lack of liquidity is often problematic for many investors.  Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.

According to Central Trade and Transfer, a secondary market for private placements, shares of Behringer Harvard are currently listed for just $1.60 share.  Unfortunately, this represents a significant loss for many investors, as the original offering price was $10.00/share.

It may be possible to recover your losses in Behringer Harvard Opportunity REIT I. For a free consultation with a securities attorney, please contact 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 firm, visit www.WhiteSecuritiesLaw.com.

 

 

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