Mackenzie Realty Capital Investigation – Goodman & Nekvasil, P.A., May Recover Investor Losses
Goodman & Nekvasil, P.A., continues its Mackenzie Realty Capital Investigation to assist with our customer claims involving broker-dealers who we allege, improperly recommended this securities offering to investors.
Mackenzie Realty Capital, Inc. is reportedly in the business of purchasing illiquid real estate securities, both in open market transactions and through tender offers. While the issuer has made tender offers, it’s constrained to 20% of the overall portfolio.
The most recent report filed with the SEC is the 2023 Q1 10Q, where the issuer states the NAV is $7.38 per share.
The latest secondary market trade was 4/4/2023 for $7.02 per share.
One of our clients purchased shares of Mackenzie Realty Capital in 2019 for $10.00 per share.
The Risks of Alternative Investments
Mackenzie Realty Capital operate much like non-traded REITs (Real Estate Investment Trusts). Non-traded BDCs have many of the same problems for investors as non-traded REITs. These investments are high-risk, often have high commissions, and lack liquidity.
Goodman & Nekvasil is representing investors in non-traded REITs and as well as BDCs. These private placements are pushed by unscrupulous financial advisors who want to maximize their own commissions.
Brokerage firms are required to perform adequate due diligence on any investment they recommend. These firms need to ensure that all recommendations are suitable for the investor in light of that particular investor’s age, investment experience, net worth, risk tolerance, investment objectives, and income.
Firms that fail to perform adequate due diligence or that make unsuitable recommendations can be held responsible for investment losses.
Our attorneys can provide assistance in determining if the securities products sold to investors were properly recommended.
Our Clients Pay Us Nothing Unless We Recover Money for Them
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from The Securities and Exchange Commission. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.