Have you suffered losses investing in Bluerock Residential Growth REIT? If so, 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.
According to a Form-D filed with the SEC, Bluerock Residential Growth REIT was organized in 2014 by Bluerock Real Estate, LLC. Bluerock Real Estate, LLC, according to their website, is a national real estate investment firm headquartered in Manhattan with regional offices in Southfield, Michigan, Boise, Idaho and Newport Beach, California.
On November 7, 2016, Bluerock Residential Growth REIT, Inc. (Bluerock) announced that it has begun the process of internalizing the management by forming a special committee of the board of directors comprised solely of the independent directors of the board to pursue the internalization, along with hiring other advisors. Bluerock is targeting internalizing management at the beginning of the third quarter 2017.
A real estate investment trust (REIT) such as Bluerock Residential Growth REIT is a company that owns, and in most cases, operates income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and even timberlands. Some REITs also engage in financing real estate. The REIT structure was designed to provide a real estate investment structure similar to the structure mutual funds provide for investment in stocks.
REITs are complex and high risk investments that are really only suitable for sophisticated investors. It is the duty of the brokerage firm to perform due diligence on any investment and to ensure that the investment is suitable for a particular investor in light of that investor’s age, investment objectives, income, net worth, and investment experience. Given the current risk of devaluation of these REITs, such investments are likely only suitable for wealthy and/or sophisticated investors.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Bluerock Residential Growth REIT or another Bluerock investment, please contact The White Law Group at 1-888-637-5510 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com.