New Tender Offer – Resource Real Estate Opportunity REIT
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Resource Real Estate Opportunity REIT to investors. If you are concerned about your investment, you may be able to file a claim to recover your losses.
According to reports last week, Everest Financial has launched a tender offer to purchase up to 3.6 million shares of Resource Real Estate Opportunity REIT for $7.00 per share. Original offering price for the REIT was $10.00 per share. The net asset value (NAV) is currently estimated at $10.80 per share.
Resource Real Estate Opportunity REIT, a publicly registered non-traded real estate investment trust, is a “unique investment opportunity” seeking to take advantage of distressed commercial real estate market, according to its website.
Non-traded REITs such as Resource Real Estate Opportunity REIT tend to be complex, high-risk investments. According to its website, these risks include: “lack of a public market; arbitrary offering price; limited operating history; reliance on the advisor to select and manage assets; payment of substantial fees to our advisor and its affiliates; conflicts of interest facing our officers and directors; lack of diversification; limited liquidity and transferability; and distributions may be paid from any source including offering proceeds.”
Further, shares of Resource Real Estate Opportunity REIT “are not suitable for all investors.”
Resource Real Estate Opportunity REIT – Securities Investigation
The White Law Group has represented numerous investors in claims against their brokerage firm for unsuitable recommendations of non-traded REITs.
If you are concerned about your investment in Resource Real Estate Opportunity REIT, the securities attorneys at The White Law Group may be able to help you.
For a free consultation with one of our securities attorneys, please call the offices of 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, visit http://www.whitesecuritieslaw.com.