Concerned about investment losses in Pacific Oak Strategic Opportunity REIT, Inc?
Have you suffered losses investing in Pacific Oak Strategic Opportunity REIT? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Pacific Oak Strategic Opportunity REIT, a non-traded REIT, closed its initial public offering on November 20, 2012. Pacific Oak Strategic Opportunity REIT was reportedly designed to capitalize on the dislocation, lack of liquidity, and government intervention that exists in the commercial real estate markets by acquiring a diverse portfolio of opportunistic investments in discounted debt and distressed equity assets, according to its website..
According to filings with the SEC on May 14, 2020, the REIT announced that it would delay filing its first quarter report on Form 10-Q due to the impact of the COVID-19 pandemic. Pac Oak will have an additional 45 days from May 15, 2020, to file its quarterly report.
The Risks of Non-Traded REITs
Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITS, like Pacific Oak Strategic Opportunity REIT, are considerably more complex and involve a high degree of risk. Unfortunately many investors were not made adequately aware of the risks and liquidity problems associated with REITs.
The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses.
If you have invested in Pacific Oak Strategic Opportunity REIT and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 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 White Law Group, visit www.whitesecuritieslaw.com.