Resource Real Estate Opportunity REIT Third Party Tender Offer
Concerned about your investment in Resource Real Estate Opportunity REIT?
Are you concerned about your investment in Resource Real Estate Opportunity REIT ? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to SEC filings, Comrit Investments 1 L.P. recently extended an offer to Resource Opportunity REIT shareholders to purchase up to 654,664 shares of common stock for $6.11 each. The offer consists of approximately 0.94 percent of the REIT’s outstanding common stock and the offer price is approximately 45 percent less than the estimated Net Asset Value of $11.10 per share.
The REIT’s shares originally sold for $10.00 per share. The company has reportedly recommended that its shareholders reject the offer.
Is a Non-traded REIT a Suitable Investment for you?
Non-trade REITs are not suitable for all investors, especially those who need liquidity in their investment. Brokerage firms have a responsibility to adequately disclose all risks befores selling any investment and must consider suitability factors such as age, financial needs, and risk tolerance to name a few.
However, many brokerage firms overlook suitability regulations set forth by the SEC to earn the high commission that non-trade REITs. Sales commissions can range from 6% to 10%, and often come with a 2%- 3.0% dealer manager fee.
Brokerage firms that do not perform adequate due diligences on an investment or demonstrate a breach of fiduciary duty can be held accountable for losses incurred through FINRA arbitration.
The White Law Group is investigating FINRA arbitration claims involving broker dealers who may have improperly recommended non-traded REITs such as Resource Real Estate Opportunity REIT to investors.
If you have suffered losses investing in Resource Real Estate Opportunity REIT the securities attorneys of The White Law Group may be able to help you. Please call the offices 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 White Law Group, visit https://whitesecuritieslaw.com