Recovery of Investment Losses Resource Real Estate REITs
If your financial advisor unsuitably recommended investing in Resource Real Estate offering, and you incurred losses, you may be able to recover your losses by filing a FINRA Arbitration claim.
On March 30, 2020, Resource Real Estate, LLC the sponsor of Resource Real Estate Opportunity REIT Inc., Resource Real Estate Opportunity REIT II, Inc., and Resource Apartment REIT III, Inc. announced that they would each suspend dividend payments effective April 1, 2020.
Resource reportedly noted that all value-add rehabilitation projects at the Resource REITs are delayed temporarily as well.
Resource Real Estate, LLC, the REITs’ sponsor, is an asset management company that specializes in real estate investments. The REITs collectively own approximately $2.8 billion of multifamily properties across 16 states as of 12/31/2019.
The White Law Group is investigating securities claims involving broker-dealers who may have unsuitably recommended Resource Real Estate REITs to investors.
Investors looking to sell non-traded REITs often have difficulty finding a buyer, and can suffer significant losses on the sale.
Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. If your advisor unsuitably recommended a Resource Real Estate REIT to you and you lost money, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Free Consultation with a Securities Attorney
For a free, no obligation consultation with a securities attorney, please contact the offices of The White Law Group at 1-888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection 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.