Investors at brokerage firms like Amerirpise, Securities America, LPL and other major brokerage firms continue to get take a hit due to the plummeting value of Behringer Harvard related REITs. Fortunately, many victims have already filed arbitration claims to recover these losses. Behringer Harvard REITs, including the Behring Harvard Opportunity REIT I Fund, were pitched by some financial advisors as a conservative, stable value fund. Some of our clients have reported high pressure sales techniques and a "hard sale" in 2006, 2007 and 2008. Unfortunately, many of the clients who purchased non-traded REITs were conservative or elderly clients who couldnt withstand the volatility associated with a concentrated sector bet.
For Behringer Harvard Opportunity REIT I Fund investors, the worst news is likely still to come. According to Investment News, Robert Aisner, the president and chief executive of the REIT's parent, recently stated because the REIT is shedding assets, its valuation will go down in the long run. The Trust's estimated value at the end of 2011 was $4.12 a share, down 46% from $7.66 a year earlier.
The biggest non-traded REITs at the end of 2011? In order, they are as follow:
1) Inland American Real Estate Trust
2) Inland Western Retail Real Estate Trust
3) Wells REIT II
4) Behringer Harvard REIT I
5) KBS Real Estate Investment Trust
6) Corporate Property Associates 16 Global
7) Cole Credit Property Trust II
8) Dividend Capital Total Realty Trust
9) CNL Lifestyle Properties
10) KBS Real Estate Investment Trust II
11) Corporate Property Associates 15
12) Hines Real Estate Investment Trust
13) Healthcare Trust of America
14) Apple REIT Nine
15) Apple REIT Eight
16) Apple REIT Seven
17) Apple REIT Six
18) Lightstone Value Plus REIT
19) Apartment Trust of America
20) Cole Credit Property Trust I
We have filed multiple FINRA arbitration claims against the brokerage firms who sold investors non-traded REITs. In some cases, the frozen funds or investment losses can be recovered. To learn more, please visit www.ReitFraudRecovery.com or contact our law firm in Chicago at 312.332.4200.
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