Resource Real Estate Multifamily Income Fund L.P. – Securities Investigation
The White Law Group is investigating the liability that broker dealers may have for unsuitably recommending Resource Real Estate Multifamily Income Fund L.P. to investors. It may be possible to recover your investment losses through FINRA Arbitration.
Resource Real Estate Multifamily Income Fund L.P., based in Philadelphia, Pennsylvania, reportedly filed a form D to raise capital from investors in 2012 for a commercial real estate fund. The total offering amount was purportedly $70,000,000.
Private placement investments such as this are generally speculative, high risk investments and due to these risks are often unsuitable for most investors.
Investors looking to sell alternative investments often have difficulty finding a buyer, and can suffer significant losses on the sale. Additionally, they often come with high commissions and broker fees, making it difficult to receive attractive returns.
In this particular investment the estimated sales commissions and fees were estimated at: 6.5% sales commissions; 2% dealer manager fee; 1% non accountable marketing expense fee; and 0.25% non accountable due diligence fee – all as a % of gross offering proceeds payable to Resource Securities, according to the Reg D.
Recovery of Investment Losses
If you are concerned about your investment in Resource Real Estate Multifamily Income Fund L.P. or another private placement investment and would like to discuss your recovery options, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free, no risk 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.
FINRA provides an arbitration forum for investors to resolve disputes. The White Law Group represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.