CHICAGO--(BUSINESS WIRE)--Kahn & Associates, Ltd., a national law firm with substantial expertise in prosecuting class actions involving financial wrongdoing, announced today that it is investigating legal claims on behalf of the partners in Wells Real Estate Fund XI Limited Partnership and Wells Real Estate Fund XII Limited Partnership. The claims arise out of the recent liquidation of real estate joint ventures involving these entities. The joint ventures were the Wells Fund XI-Fund XII-REIT Joint Venture and Wells Fund XII-REIT Joint Venture Partnership earlier in 2013.
Specifically, Kahn & Associates is investigating the sale by the Wells entities of their equity interests in these joint ventures to a subsidiary (Piedmont JV Partnership Interests, LLC) of the joint venture partner (Piedmont Operating Partnership, L.P.), at prices that may have been materially below fair market value. Kahn & Associates has been actively engaged in commercial litigation in federal and state courts throughout the United States and has been litigating on behalf of aggrieved investors and shareholders for more than 30 years.
If you owned an interest in either Wells Real Estate Fund XI Limited Partnership or Wells Real Estate Fund XII Limited Partnership during 2013, please contact Mark E. King of Kahn & Associates at the address and phone number below. You may learn more about Kahn & Associates by visiting the firm’s website www.KahnLawChicago.com.