Latest News on Behringer Harvard Opportunity REIT I
Have you suffered investment losses in Behringer Harvard Opportunity REIT 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.
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 and to 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.
Bad News for Investors
On August 30, 2016, Behringer Harvard Opportunity REIT I, Inc. (BHOR I) recommended that shareholders reject a third party tender offer of $1.00 per share from MacKenzie Capital Management, LP. BHOR I recommended rejecting the offer due to the current strategy employed by the company to complete a plan of liquidation and dissolution of portfolio assets. Management also cited an October 2014 independent appraisal of BHOR I, which included an estimated valuation of $3.58 per share.
However, according to LPsales.com, a secondary market for private placements, shares of Behringer Harvard sold for $2.12 per unit in September 2015. Any way you slice it, this represents a significant loss for many investors.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Behringer Harvard Opportunity REIT I, please contact The White Law Group at (888) 637-5510 for a free consultation.
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 Franklin, Tennessee. For more information on the firm, visit www.WhiteSecuritiesLaw.com.