Published On: February 12, 2016

Stoltmann Law Offices is looking to speak to investors who have money in the The Charles, a Bluerock Real Estate property located at 1355 1st Ave. in New York, New York. These are tenant-in-common, or TIC, investments which are properties in which each individual owns a separate and undivided interest in the same real property and each has an equal right to the possession and use of the property. In 2008, investors in the property had the opportunity to invest in two offerings. Both gave investors an opportunity to invest in commercial real estate through TIC interests, or through the purchase of 12% Subordinates Notes. The Charles was scheduled to finish construction in the spring of 2011, but was stalled for several years. It was finished in 2014. It is a 32 story condo building. Investors should be warned that TIC investments can be very risky and speculative, and typically garner returns as high as 10% for the broker who recommends them. Your broker must disclose the risks associated with any investment, and, if he does not, his brokerage firm can be held liable for investment losses. We are a securities law firm located in Chicago, Illinois and we can help you recover your money on a contingency fee basis. Please call us toll free today.

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