Soreide Law Group, a Securities Arbitration Law Firm, is investigating claims against broker/dealers who sold Behringer Harvard Strategic Opportunity Fund I. InvestmentNews reported, that the Strategic Opportunity Fund I was “underwater,” meaning that it is now worthless. InvestmentNews added that “its liabilities are greater than its assets.”
The Behringer Harvard Strategic Opportunity Fund I, first offered in 2005, raised $65 million and was involved in investing in six properties. Among these properties were a Los Angeles hotel, and an office building in Amsterdam. Behringer Harvard Opportunity REIT I saw its value decline 46% at the end of 2011 to $4.12 a share, from $7.66 one year earlier. In June, 2012, one property in the REIT went into bankruptcy protection.
If you were an investor who purchased Behringer Harvard Strategic Opportunity Fund I at the recommendation of your broker/dealer who told you that it was a safe, low risk investment, and placed a substantial portion of your portfolio in this very risky investment, you may be able to recover your losses of Behringer Harvard Strategic Opportunity Fund I. For a free consultation on how to potentially recover your losses, and to speak directly with an attorney call Soreide Law Group at 888-760-6552.