Behringer Harvard Strategic Opportunity Fund I
The securities arbitration lawyers at McCabe Rabin, P.A. are investigating the marketing and sales of the Behringer Harvard Strategic Opportunity Fund I (“Opportunity Fund I”) to investors.
According to a recent article in the Investment News, the Opportunity Fund I’s liabilities greatly exceed its assets. Michael O’Hanlon, Executive Vice President of the Opportunity Funds I and II, claims one of the reasons the Opportunity Fund I is underwater is because the properties in the portfolio were acquired between 2005 and 2007 in a dramatically different economic environment.
The Opportunity Fund I began in 2005 and raised approximately $65 million. The Opportunity Fund I’s portfolio contains a total of six commercial properties: three apartment buildings in Texas and Nevada; a hotel in Los Angeles; a resort in Texas; and an office building in Amsterdam. According to the Opportunity Fund I’s website, it has a targeted life of three to five years from offering termination.
The securities arbitration attorneys at McCabe Rabin are investigating whether brokerage firms that recommended and sold the Opportunity Fund I misrepresented the Opportunity Fund I as a low-risk, safe investment. In some cases, brokers may have recommended that investors place a substantial portion of their assets in the Opportunity Fund I resulting in an unsuitable concentration of their account in one product.
Investors nationwide who have lost $100,000 or more as a result of an investment in Behringer Harvard Strategic Opportunity Fund I through a full-service brokerage firm, and who may have a FINRA arbitration claim, may contact the Florida securities lawyers at McCabe Rabin, P.A. for a free and confidential consultation by calling toll free at 877.915.4040 or by e-mail to firstname.lastname@example.org.