openPR Logo
Press release

Recovery of Desert Capital REIT Investment Losses

01-07-2011 01:56 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The White Law Group

The White Law Group is currently investigating various brokerage firms and financial professionals for their potential liability with respect to improper recommendations that investors purchase risky REIT investments like Desert Capital REIT.

FINRA recently announced that it is paying close attention to the sale of REITs and, in particular, the ways in which broker-dealers marketed and sold the products to investors. Notwithstanding the risk of REIT investments, in many cases, broker-dealers marketed these investments as safe and secure.

According to the Las Vegas Review Journal, Desert Capital REIT was recently subpoenaed by the S.E.C. pertaining to payments and transactions between Desert Capital and a related party, CM Capital. Additionally, it appears that Desert Capital has stopped allowing investment redemptions due to liquidity issues and may even be contemplating bankruptcy.

The White Law Group has already filed one FINRA arbitration on behalf of numerous Desert Capital REIT investors, alleging damages in excess of $2.7m, and the firm is currently reviewing additional potential Desert Capital REIT cases.

To determine whether you may be able to recover investment losses incurred as a result of your purchase of Desert Capital REIT, please contact The White Law Group at 312-238-9650.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

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 Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.

The White Law Group
P.O. Box 577407
Chicago, Illinois 60657
http://www.whitesecuritieslaw.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Recovery of Desert Capital REIT Investment Losses here

News-ID: 157660 • Views: 1275

More Releases for REIT

KBS REIT Securities Investigation
The White Law Group announces a securities investigation involving KBS REIT The White Law Group, LLC is investigating the liability brokerage firms may have for recommending KBS REIT to investors. KBS Real Estate Investment Trust, Inc. is a publically non-traded REIT. The REIT went effective in January 2006 and closed its offering in May 2008 after raising $1.7 billion in investor equity. Shareholders of KBS REIT approved a plan of complete liquidation
Jump in earnings for Fair Value REIT-AG in 2015
• EBIT more than doubled to EUR 12.3 million in 2015 • Group net profit of EUR 6.6 million (previous year: group net loss of EUR 47 thousand) • Funds from operations (EPRA result) increased by 45% to EUR 6.4 million (previous year: EUR 4.4 million) • Proposed dividend for 2014 of EUR 0.25 per share (55% of FFO) • REIT equity ratio increased to 59.6% (previous year: 49.2%) Munich, 23 March 2016 – Fair Value REIT-AG
Fair Value REIT-AG with successful repositioning of shopping center in Eisenhuet …
Munich, 2 March 2016 – Fair Value REIT-AG (ISIN DE000A0MW975) is able to report on a number of leasing successes at the Eisenhuettenstadt property named “City Center”, which is owned by Fair Value’s subsidiary BBV 10. Four major leases with a total area of around 7,600 m² and lease terms of at least 10 years have been signed with the retail chains EDEKA, Penny, Rossmann and Woolworth. Following the exits
Fair Value REIT-AG continues its growth strategy
Fair Value REIT-AG continues its growth strategy and strengthens its portfolio with the acquisition of a majority stake in the closed end real estate fund BBV 08 • Consolidated real estate portfolio goes up by EUR 36m • NAV rises by EUR 2.3m in total or EUR 0.16 per share • Investment to initially generate annualized FFO-contribution of c. 12% Munich, 1 July 2015 – Fair Value REIT-AG (“Fair Value”) successfully continues its growth strategy with