Investigating Potential Claims Involving CNL Growth Properties
Have you suffered investment losses in CNL Growth Properties? If so, The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
CNL Growth Properties Inc. is one of several non-traded REITs managed by Orlando-based CNL Financial Group. Last December, the REIT announced plans to liquidate all of its multifamily properties and dissolve the company.
On October 31, 2017, CNL Growth Properties, Inc. terminated its securities registration following the final liquidation payments to shareholders on October 24, 2017.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation of REIT investments such as CNL Growth Properties.
High Risk Real Estate Investment Trust
REITs are complex, high risk securities that lack liquidity which makes them unsuitable for many investors. Unfortunately, some broker-dealers will overlook FINRA suitability rules when making investment recommendations to clients, because of the opportunity for high commissions.
Brokerage firms that sell such products are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success. They must evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives.
Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim.
If you are concerned about investment losses in CNL Growth Properties and would like a free consultation with a securities attorney, please call The White Law Group at (888) 637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.