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RSL Investigates David Mills, Wells Fargo Broker--Dividend Capital REIT Sales

Rex Securities Law, a national securities arbitration & litigation firm located in Boca Raton, FL, is investigating David Paul Mills, a broker with Wells Fargo Advisors, LLC, in League City Texas, for a client who was sold a large position in Dividend Capital Total Realty Trust, a non traded REIT.

In July of 2012, the company announced a change and the investment's name was changed to Dividend Capital Diversified Property Fund Class E. In addition to the name change, the company announced a share redemption plan purportedly to create liquidity for this otherwise illiquid investment. However, there are significant restrictions and limitations making it unlikely that Class E investors can redeem all their shares very quickly.

Our client believes he was misled as to the nature of the risk and the liquidity issues of this investment. In addition, the amount invested in this REIT represented what appears to be an inordinately high percentage of the client's net worth, making it unsuitable.

Dividend Capital Total Realty Trust was originally offered at about $10 per share in 2008. The company's currently published net asset value is about $6.70, however the lack of ability to freely trade the investment make its current fair market value less, perhaps far less.

For more on non traded REITs see here.

If you have information related to this investigation, please contact us.

Rex Securities Law

561 391 1900

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.