CNL Lifestyle Properties Investment Losses
If you suffered losses investing in CNL Lifestyle Properties, The White Law Group may be able to help. The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) like CNL Lifestyle Properties.
In those claims, the firm has alleged, among other things, that REITs were
(1) high-risk and unsuitable for our clients given their financial needs and investment objectives,
(2) that the risks of the investment were not fully disclosed to them, and
(3) that the brokerage firms that sold the investments failed to follow FINRA rules to perform adequate due diligence.
Unfortunately for investors, LPsales.com, a secondary market for private placements, sold shares of CNL Lifestyle Properties in September for only $1.70 per share. That’s more than 70% less than the original purchase price of $10.00 per share. The offering price has dropped further since the Offer from LP Sales we told you about in August.
Non-Traded REITs are complex products that involve a significant degree of risk and arguably unsuitable for many investors. Brokerage firms that overlooked suitability requirements or failed to disclose the risk when recommending CNL Lifestyle Properties to clients, may be liable for losses.
For more information on The White Law Group’s investigation of CNL Lifestyle Properties, see Click Here
Recovery of Investment Losses
If you invested in CNL Lifestyle Properties or another non-traded REIT and would like to discuss your litigation options with a securities attorney, please call The White Law Group at 1-888-637-5510 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 Vero Beach, Florida.