The White Law Group is investigating potential claims against the broker dealers that sold high risk investments like Lightstone Value Plus REIT V, formerly known as Behringer Harvard Opportunity REIT II.
Behringer Harvard Opportunity REIT II went effective in January 2008 and closed in March 2012 after raising $265 million in investor equity. The company’s portfolio is comprised of eight properties with a total investment cost of $229.2 million, according to Summit Investment Research. In July, the REIT changed its name to Lighthouse Value Plus REIT V.
According to Central Trade & Transfer, a secondary market for private placements, shares of Lightstone Value Plus REIT V interests are currently listed for just $5.75/share. The original offering price for the units is $10.00/share.
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 appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.
If your broker fails to adequately disclose risks or makes unsuitable investment recommendations, they can be held liable for investment losses in a FINRA arbitration claim.
For more information on the firm’s investigation in potential claims involving Lightstone Value Plus REIT V, please visit Behringer Harvard Opportunity REIT II Inc. Name Change.
If you have invested in Lightstone Value Plus REIT V 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 . To learn more about The White Law Group visit www.whitesecuritieslaw.com.