Resource Real Estate Opportunity REIT II Partially Suspends SRP
Are you concerned about your investment in Resource Real Estate Opportunity REIT II? If so, the securities attorneys of 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.
Resource Real Estate Opportunity REIT II Inc., a publicly registered non-traded REIT, buys undervalued apartments located in “strong suburban markets to add value and generate income,” according to its website.
According to filings with the SEC, on February 14, 2020, the board of directors reportedly approved the partial suspension of the share redemption program of the Company. As a result, the board of directors will not consider any redemption requests submitted for the first quarter of 2020 except for redemptions sought in connection with a stockholder’s death or qualifying disability which are not impacted by this suspension.
The company said that while the partial suspension is in effect, all other pending or new requests will not be honored or retained but will be cancelled with the ability to resubmit when and if the share redemption program is fully resumed.
The Trouble with Non-Traded REITs
The trouble with non-traded REITs, like Resource Real Estate Opportunity REIT II, is that they are complex and inherently risky products.
Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.
Lack of liquidity is often problematic for many investors. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Resource Real Estate Opportunity REIT II, please contact The White Law Group at 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 firm, visit www.WhiteSecuritiesLaw.com.