November 16, 2016 Comments (0) Blog, Current Investigations

CNL Lifestyle Properties Inc. Delays SEC Filing

KBS REIT
(Last Updated On: February 15, 2017)

CNL Lifestyle Properties Inc. Investment Losses

Are you concerned about your investment losses in CNL Lifestyle Properties Inc? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

CNL Lifestyle Properties is a real estate investment trust (REIT) that invests in income-producing properties with a focus on lifestyle-related industries, according to their website.

On November 15, 2016, CNL Lifestyle Properties Inc. announced that it needs additional time to complete the Form 10-Q for the quarter ended September 30, 2016 due to the company considering adjustments relating to the accrual for income taxes.

The trouble with non-traded real estate investment trusts (REITs) like CNL Lifestyle Properties, is that they lack liquidity and are inherently risky. Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITs are more complex and are better suited for investors that can afford to risk the total losses of their investment.

Brokers often earn extremely high sales commission selling Non-traded REITs, sometimes as high as 15%. Unfortunately, the high sales commissions associated with non-traded REITs often provides some broker dealers with enough incentive to overlook suitability requirements.

Brokers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor and are in line with the clients risk tolerance, age, net worth, and investment experience.

If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.

For more information on The White Law Group’s investigation of CNL Lifestyle Properties see Click Here.

Recovery of Investment Losses

To determine whether you may be able to recover investment losses incurred as a result of your purchase CNL Lifestyle Properties, please contact The White Law Group at 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com.