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The Securities Arbitration Law Firm of Klayman & Toskes Continues to Investigate Claims Against Full Service Brokerage Firms On Behalf of Investors Who Sustained Losses in Tenants-In-Common Investment

By | ABRA Pointe West Business Park Losses, AEI – Johnny Carinos Italian Losses, American Capital Group – Columbia Trails Apartments losses, American Capital Group – Eaglewood Apartment Associates losses, American Capital Group – Laguna Creek Apartments losses, ArciTerra – Kohl's Department Store (Jensen Beach FL) 12/31/07 losses, Argus Realty – Atrium Office Building losses, Argus Realty – Barrett losses, Argus Realty – Chesapeake Park losses, Argus Realty – Copley Business Center losses, Argus Realty – Elliot Corporate Center losses, Argus Realty – Grassmere Corporate Center losses, Argus Realty – Heritage Corporate Center losses, Argus Realty – International Business Park 10/5/07 losses, Argus Realty – International Business Park Building X 10/5/07 losses, Argus Realty – Kent Business Park 7/19/07 losses, Argus Realty – Meridian Plaza losses, Argus Realty – North Valley Tech Center losses, Argus Realty – Northgate Business & Blackhawk Corporate Center 07/24/07 losses, Argus Realty – Northmont Business Center losses, Argus Realty – One & Two Securities Center losses, Argus Realty – Onyx Building Southfield 09/17/07 losses, Argus Realty – Powers Ferry losses, Argus Realty – Rancho Conejo losses, Argus Realty – Shoreview Corporate Center losses, Argus Realty – Triwest Plaza losses, Argus Realty – Wachovia losses, Argus Realty – Watkins Building losses, B&H Real Estate Holdings – Chase Bank losses, Baceline Investments – Holste Road Exchange losses, Baceline Investments – Westpoint Office Park losses, Baceline Investments – Westwind Business Center losses, Barclays North Inc. Sponsor 07/05/07 losses, BGK Integrated Group Updated Sponsor 10/23/08 losses, BGK – Carriage Park 12/18/07 losses, BGK – Central Park I & II 12/21/07 losses, BGK – Greenway San Antonio 11/1/07 losses, BGK – Integrated Group Sponsor 06/13/06 losses, BGK – Kingwood 6/10/08 losses, BGK – One American Place losses, BGK – Orangewood Cleveland 10/22/07 losses, BGK – Paradise losses, BGK – Pyramid losses, BGK – Sable Chase Apartments 02/05/08 losses, BGK – San Mateo losses, BGK – St. Mary's Lane 4/1/08 losses, Blackhawk Development Company LLC Sponsor 2/1/09 losses, Bluerock Equity – Jacksonville losses, Bluerock Equity – Landmark/Laumeier losses, Bluerock Real Estate Sponsor 12/15/06 losses, Bluerock – Cummings Research Park Portfolio I losses, Bluerock – Cummings Research Park – Portfolio II 12/04/07 losses, BNI Equities – Kuyper 10/5/07 losses, Canyon Creek Development Sponsor 08/02/06 losses, Canyon Creek Development – ML 3 Senior Living losses, Capital Real Estate Sponsor 12/20/05 losses, Capital Real Estate Updated Sponsor losses, Capital Real Estate – Cooper Ridge Apartments losses, Capital Real Estate – Lake Shore losses, Capital Real Estate – Seasons at Horsetooth losses, Carey Realty Sponsor 01/20/06 losses, Cawley Partners & Fund I Sponsor 05/14/07 losses, Chesapeake Advisors Sponsor 04/21/06 losses, Chesapeake Advisors – Fairfax Office Building losses, Christopher Place Holdings – Decatur Senior Properties losses, Christopher Place Sponsor 09/21/06 losses, Clearwater Real Estate – The Meadows at Sandhollow 1/24/08 losses, Cleveland 10/22/07 losses, CORE Realty Holdings Sponsor 11/28/06 losses, CORE – AT&T Regional Headquarters losses, CORE – Bridford Lake losses, CORE – Brookfield Lakes losses, CORE – Cardinal Apartments losses, CORE – Champions Club losses, CORE – Chatham Woods losses, CORE – Deerwood Meadows Apartments losses, CORE – Governor's Pointe 07/19/07 losses, CORE – Hickory Creek Apartments losses, CORE – Hidden Lakes losses, CORE – Lansing MI Warehouse losses, CORE – Madison Adams Farm Apartments losses, CORE – Northridge Promenade losses, CORE – Park West losses, CORE – Revere Golf Course 07/11/07 losses, CORE – Riverbend Apartments losses, CORE – San Antonio Airport Industrial 12/21/07 losses, CORE – Sonoma Ridge Apartments losses, CORE – Sterling Place losses, CORE – Valencia losses, CORE – Vistas at Seven Bar Ranch losses, CORE – W. Michigan Airport Industrial T 10/5/07 losses, CORE – Westwind Office Park losses, Cottonwood – Arbors at Windsor Lake Apartments 01/10/08 losses, Cottonwood – Oak Ridge Apartments 1/18/08 losses, Del Mar Equity Partners Sponsor 03/04/08 losses, DeSanto Realty Group Sponsor 04/21/06 losses, DeSanto Realty – Cason Estates Apartments 01/22/08 losses, DeSanto Realty – Clearview Apartments losses, DeSanto Realty – Crums Mill losses, DeSanto Realty – Hendersonville losses, DeSanto Realty – Pennbrook (Church Road) 10/3/07 losses, DeSanto – Hunter's Chase 8/08/08 losses, DIS Partners – Houston 07/11/07 losses, Eliason Financial – American TV & Appliance losses, Eliason Financial – Summer Park losses, Equitable Companies LLC Sponsor 05/01/06 losses, Equitable Companies LLC – Santa Ana Office Building (Orange County) 09/19/07 losses, Equitable – DFW Flex I losses, Equitable – DFW Flex II losses, Evergreen Realty Group Sponsor 01/14/08 losses, Evergreen Realty – Muirwood 12/13/07 losses, Evergreen Realty – Ohio II 11/30/07 losses, Evergreen Realty – Villa Bella losses, Evergreen Realty – Villa Rose 02/27/07 losses, Florida Capital Real Estate Sponsor & Partners 28 Closed 10/26/07 losses, Franklin Capital Group – Patchen Oaks Apartments 04/03/07 losses, Geneva Organization – 5000 Winnetka Commerce Center losses, Geyser Holdings LLC Sponsor 2/13/08 losses, INCAP Financial Group Ltd. Sponsor 07/17/07 losses, Inland Bristol 1031 DST 2/06/09 losses, Inland Hillsboro 1031 DST 12/30/09 losses, Inland – Austell 1031 DST 3/24/09 losses, King Consolidated Sponsor & Sterling Properties 6/24/08 losses, MacFarlan Real Estate – 3000 Research Drive losses, MNM Partners LLC 07/23/08 losses, Montara Capital Sponsor 02/28/06 losses, National Exchange Advisors Sponsor 06/27/06 losses, NNN – 411 E. Wisconsin Ave. losses, NNN – Aventura Harbor Centre losses, NNN – Beltline – Royale Ridge losses, NNN – Embassy Plaza losses, NNN – Executive Center losses, NNN – Meadows Apartments losses, Parthenon Realty 1031 Investors – Ashford/Peachtree losses, Parthenon Realty 1031 Investors – Chastain Center Office Park losses, PASSCO – Hanford Mall losses, PASSCO – Kauai Village Shopping Center losses, Passco – Pinnacle Village Retail Center 10/3/07 losses, PASSCO – Puente Hills Mall losses, PASSCO – Reno Industrial Portfolio II losses, Passco – Resorts at Lake Crossing 05/20/08 losses, Pennbridge Capital Sponsor 12/01/05 losses, Pennbridge Capital Updated Sponsor 01/11/08 losses, Pennbridge – Holiday Inn (Gunnison) 04/21/08 losses, Pennbridge – Hotel Indigo losses, Pennbridge – Orchard Plaza losses, Principle Equity Management Sponsor 08/01/07 losses, Principle Equity Management – Atrium Towers 9/08/08 losses, Principle Equity Management – Austin Heights Shopping Center losses, Principle Equity Management – Butterfield Plaza losses, Principle Equity Management – Cool Springs Commons losses, Principle Equity Management – Green Valley Technical Center losses, Principle Equity Management – Johns Creek Office Portfolio 10/1/07 losses, Principle Equity Management – Thistle Landing losses, Principle Equity Management – University Place losses, Principle Equity Mgmt – Technology Park Office Portfolio 11/30/07 losses, RE Value Advisors – Atrium Building 2/05/09 losses, RE Value Advisors – Caldwell 5/30/08 losses, RE Value Advisors – Fairview 04/23/07 losses, RE Value Advisors – River Plaza 10/12/07 losses, Real Estate Value Advisors LLC – Sponsor Update 7/7/09 losses, Real Estate Value Advisors Sponsor 05/10/07 losses, Redstone Interests No. 3 LLC 5/5/08 losses, Redstone Interests No. 4 LLC 6/10/08 losses, Redwood Capital – Edgewater Offering 01/07/08 losses, Redwood Westdale Sponsor 12/17/07 losses, Resource America – Regents Center losses, RK Properties LLC Sponsor 05/08/07 losses, RM Crowe – Highland Park Place losses, RM Crowe – Sonic Two 03/13/07 losses, Sagebrush Realty Holdings – Edgewater Apartments losses, SCI Capital Group LLC 11/19/08 losses, SCI Real Estate Investment Updated Sponsor 10/9/07 losses, Southfork Development – Sunset Inn/Casa Morada losses, Southfork Development – Watermark Marina Islamorada losses, Sovereign Capital Management Sponsor 03/15/07 losses, Sovereign Capital – S3MEF Cienega LLC (with Tax Opinion) 2/20/09 losses, Stratford Capital – Breckenridge Square Apartments8/28/07 losses, Stratford Financial Advisors – Patchen Oaks Apartments losses, Summit Green Tiger Investments LLC Sponsor 07/17/07 losses, Texas Energy Holdings Inc. Sponsor 08/08/07 losses, Texas Energy Holdings Inc. Sponsor Update 7/10/09 losses, The Geneva Organization Sponsor 11/29/04 & Update 11/11/05 losses, TIC Capital LLC Sponsor 11/04/05 losses, TIC Capital LLC Updated Sponsor losses, TIC Capital – 555 Republic Place losses, TIC Capital – Selina Plaza 8/31/07 losses, TIC Capital – State Farm Ops Center losses, TIC Capital – Tyler Plaza 01/19/07 losses, TIC Properties LLC Updated Sponsor 12/21/07 losses, TIC Properties Sponsor 09/07/05 losses, TIC Properties – 122 W. John Carpenter losses, TIC Properties – 302 West Third Street losses, TIC Properties – Bucks County 9/12/07 losses, TIC Properties – Burnham Center losses, TIC Properties – Hibiscus Boulevard losses, TIC Properties – Hudson Bridge 08/23/07 losses, TIC Properties – Landmark Office Building losses, TIC Properties – Main Street losses, TIC Properties – One Valley View losses, TIC Properties – Poplar Ave 3/24/08 losses, TIC Properties – Royal Tech Center losses, TIC Properties – Schulte Road losses, TIC Properties – Southfield Office losses, TIC Properties – The Acropolis losses, TIC Properties – The Lexington at Madison (Huntsville) 01/10/08 losses, TIC Properties – Wachovia Center losses, Triton Financial LLC Sponsor & Fund 09/16/07 losses, TSG – Elk Lakes Shopping Center losses, TSG – The Landings Shopping Center losses, Union Capital LLC* losses, Wangard Advisors – 875 East Wisconsin Ave. losses, Waveland Capital / Post Investment Group Sponsor losses, Weinstock Porter Development Sponsor 5/6/08 losses, Wells Real Estate Funds – Westway One 10/19/06 losses, Western America - Revere Corporate Center 5/27/08 losses, Western America – Avondale I losses, Western America – Colorado Springs Corporate Center 03/20/07 losses, Western America – Desert Inn losses, Western America – East Mesa I losses, Western America – Gilbert Commerce Center 10/16/07 losses, Western America – Hot Rod Hill losses, Western America – Lecota Office Center losses, Western America – Mountain Plaza Park losses, Western America – Renaissance Office Park losses, Western America – Riverfront losses, Western America – Somerset losses, Western America – Southwest Corporate Center losses, Western America – Sunwest Medical Center losses, White Cap Real Estate – 3913 Prospect Avenue 3/3/09 losses, White Cap Realty Sponsor 08/15/07 losses, White Cap Realty – Aurora Building 1/22/08 losses, White Cap Realty – Cherry Point Mall 09/11/07 losses, White Cap Realty – Second Street Plaza (Roscoe) 9/3/08 losses, Wilkinson 1031 – University Plains losses, Wilkinson 1031 – Willowbrook Apartments losses, Wilshire Holdings Sponsor 1/17/08 losses, Woodlark Companies Sponsor 12/13/06 losses | No Comments

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”) announced today that it is continuing to investigate the sales practices and due diligence of Financial Industry Regulatory Authority (“FINRA”) securities broker-dealers who solicited customers to invest in tenants-in-common (“TIC”) investments, including investments in DBSI, Covington Main Street Commons, Sequoia Stonebriar, TSG, Geyser Realty, USA View at Encino Commons, Braintree Park, Eliason, Behringer Harvard St. Louis Place, Mission Bellevue Ridge, NNN Mt. Moriah Apartments 1, Connor Farms, NNN Papago Spectrum TIC, NNN Satellite Place, Mission Antioch, Argus Realty Investors, Heron Cove, US Advisors Houston Levee, Mission Briley Parkway, Mission Matthews Place, Darien Business Center, Townley Business Park 3, and NNN Park Central 4. K&T has filed numerous securities arbitration cases on behalf of TIC investors.

Over the past decade, TIC investments became increasingly more common. In 2003, the IRS amended its rules which allowed investors to avoid capital gains taxes by investing proceeds from a property sale into TIC investments. Individuals who invest in TICs become fractional owners of a single property. When the real estate market crashed, many TIC investors saw the value of their investments decline substantially.

FINRA securities brokerage firms who sold TIC investments to their customers were required to conduct adequate due diligence into the investments before selling the products. Financial advisors who sold TIC investments often represented the products as safe and guaranteed, with returns of 7 to 12 percent per year.  With the recommendation to invest in the TICs, however, many advisors failed to properly advise their customers of the risks associated with the products.

Earlier this year, a FINRA Arbitration Panel ordered LPL Financial to pay two investors about $1.4 million for losses sustained in two TIC exchanges: Heron Cove, LLC and Braintree Park, LLC. The sponsor of the two deals was Direct Invest, LLC. LPL was also held responsible for $35,700 in hearing session fees.

Investors who purchased TIC investments from a full-service securities broker-dealer and sustained significant losses can contact K&T to explore their legal rights and options.  The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered investment losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation.  It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.

If you have information relating to this investigation or have investment losses of $100,000 or more in TIC securities, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956.

Do you have a question or need more information? Get in touch with us