Peiffer Rosca Wolf Securities Lawyers Investigating Sales of Griffin Capital (Westmont) Investors, LLC to Investors
The Peiffer Rosca Wolf securities lawyers Alan Rosca and Joe Peiffer are investigating sales of Griffin Capital (Westmont) Investors, LLC (“Westmont”) to investors.
Westmont is a privately-offered real estate tenant-in-common offering (TIC). TICs are a form of property ownership where two or more parties own an interest in the property. TICs are used as an investment vehicle due to their ability to provide investors with a stream of regular income when the property associated with the TIC is leased to a third party.
However, TICs are not liquid investments and their lack of liquidity calls into question their suitability for certain investors who require access to their investment funds.
The property was leased to North American Van Lines, a subsidiary of SIRVA. In February 2008, SIRVA, the parent company of the tenant on the Westmont property, filed for bankruptcy protection. Subsequently, SIRVA terminated its lease in November 2012 and vacated the property in November 2013.
The loss of a tenant typically has an adverse effect on those who own interests in a rental property. The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. This article does not allege that Griffin Capital (Westmont) LLC engaged in misconduct. They are currently investigating the possibility of assisting Westmont TIC investors with the recovery of their investments. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.