Have you suffered investment losses in Prime Group Realty Trust? The White Law Group may be able to help.
The White Law Group is investigating potential securities fraud claims on behalf of investors involving broker-dealers recommendation that investors purchase risky real estate investments, including investments in Prime Group Realty Trust.
Prime Group Realty Trust, formed in 1995, is a REIT incorporated under Maryland law and based in Chicago, Illinois. As of December 31, 2009, the REIT owned only 8 office properties, and appears to have reduced its holdings today down to only one wholly owned property, a commercial office space, and 2 joint ventures that share 2 other commercial buildings. This concentration of properties exposes investors in the REIT to a high degree of risk in the event that any of these properties performs poorly.
Prime Group Realty Trust has a long history of financial difficulties. In 2003, the Chicago Tribune reported that auditors doubted Prime Group’s ability to remain solvent.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of a risky REIT investment, please contact The White Law Group at 312-238-9650.
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 Boca Raton, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.