Secondary Sales Price – UDF III – $2.00/Share
The White Law Group is currently representing clients that have invested in United Development Funding III (UDF III), a non-traded real estate investment trust (REIT). If you have suffered losses in UDF III, you may have recourse through a FINRA Arbitration claim.
The UDF Funds have been embroiled in scandal and accused of operating a massive Ponzi-like investment scheme that has affected nearly $1 billion in investments.
Aside from the UDF Ponzi scheme, non-Traded REITs are generally speculative, high risk investments and due to these risks are often unsuitable for most investors.
According to its prospectus, the following are just a few of the risk factors involved in UDF III: absence of a public market for these securities, limited transferability, lack of liquidity, possibility of substantial delay before distributions are made, and payment of significant fees to the general partner and its affiliates.
Liquidity Problems – Secondary Sales
Investors looking to sell non-traded REITs, like UDF III, often have difficulty finding a buyer, and can suffer significant losses on the sale.
Unfortunately for investors, Central Trade & Transfer, secondary market for non-traded REITs, recently listed shares of UDF III for just $2.00 per share. This may be at a significant loss to investors.
If you suffered losses investing in UDF III or another UDF Fund and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free consultation.
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.
FINRA provides an arbitration forum for investors to resolve disputes. The White Law Group represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.