Contributor Since 2011
ArciTerra REITs Investment Losses
According to Bloomberg, ArciTerra Group, LLC acquires, holds, develops, manages, leases, and sells real estate properties in North America. Its portfolio includes neighborhood and community centers, power/lifestyle centers, and single warehouse and distribution centers; and single/multi-tenant retail, office, and industrial properties. The company was incorporated in 2005 and is based in Phoenix, Arizona.
A real estate investment trust (REIT) is a company that owns, and in most cases, operates income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and even timberlands. Some REITs also engage in financing real estate. The REIT structure was designed to provide a real estate investment structure similar to the structure mutual funds provide for investment in stocks.
REITs are complex and high risk investments that are really only suitable for sophisticated investors. It is the duty of the brokerage firm to perform due diligence on any investment and to ensure that the investment is suitable for a particular investor in light of that investor's age, investment objectives, income, net worth, and investment experience. Given the current risk of devaluation of these REITs, such investments are likely only suitable for wealthy and/or sophisticated investors.
Financial advisors have a fiduciary duty to put their client's needs ahead of their own. If a stockbroker recommends an investment that is unsuitable for the client or fails to perform adequate due diligence on an investment, the advisor and his/her firm can be held liable for the resulting losses.
For more information on The White Law Group's investigation, see ArciTerra REITs Investigation
The White Law Group is investigating the following ArciTerra offerings and the FINRA registered brokerage firms who may be unsuitably recommending them:
ArciTerra National REIT, Inc.
ArciTerra Note Fund I LLC
ArciTerra Note Fund II LLC
ArciTerra Note Fund III LLC
ArciTerra Opportunity Fund I LLC
Arciterra Strategic Income Corp
ArciTerra Strategic Retail II, LLC
ArciTerra Strategic Retail REIT, Inc.
To speak with a securities attorney regarding your investment in a ArciTerra REIT, please call The White Law Group at (888)637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit the firm's website athttp://www.whitesecuritieslaw.com.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.