Have you suffered losses in CNL Lifestyle Properties, Inc.? If so, the REIT fraud attorneys of The White Law Group may be able to help you recover your losses through FINRA arbitration.
According to reports, CNL Lifestyle Properties Inc. recently announced that its estimated per share value has dropped to $7.31 from its original price per share of $10, a drop of 27%. The REIT is also cutting its “distribution,” or dividend to investors.
The White Law Group continues to monitor the non-traded REIT sector, and, specifically, the liability that brokerage firms have for selling these products.
Brokerage firms have a fiduciary duty to their clients to perform adequate due diligence on any investment before offering it for sale to their clients. Due to the high commissions offered by non-traded REITs (typically between 7-10%), the firm has found that these products have been oversold to unsophisticated investors, without the proper disclosures regarding the investments’ risks or illiquidity.
Purchasers of CNL Lifestyle Properties may be able to recover their losses in FINRA arbitration claims against the broker-dealer that sold them the investment.
If you lost money investing in CNL Lifestyle Properties and would like to discuss your legal options, please call the securities attorneys of The White Law Group at 312/238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on the firm, please visit http://www.whitesecuritieslaw.com.