May 22, 2017 Comments (0) Current Investigations

CNL Lifestyle Properties Investment Losses

CNL Lifestyle Properties
(Last Updated On: May 22, 2017)

Investor Alert: CNL Lifestyle Properties

Have you suffered losses investing in CNL Lifestyle Properties? If so, The White Law Group may be able to help you by filing a FINRA Arbitration 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.

The company acquires properties and leases them on a long-term, triple-net lease basis or engages qualified third-party managers to operate properties on its behalf. CNL Lifestyle Properties invests in properties with the potential for long-term revenue generation and appreciation based on demographic trends, associated concentrations of wealth and other proprietary underwriting models.

According to SEC filings, on May 15, 2017, CNL Lifestyle Properties reported that it would not be able to file its Form 10-Q for the quarter ended March 31, 2017 in a timely manner.

The company has approved the sale of its remaining properties, as previously discussed to EPR Properties (NYSE: EPR) and Ski Resort Holdings and will dissolve the company.

The Trouble with REITs

The trouble with non-traded REITs, like CNL Lifestyle Properties, is that they are complex and inherently risky products.

Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so may be held responsible for any losses.

Lack of liquidity is often problematic for many investors.  Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.

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.

For more information on The White Law Group and its investigations, visit www.whitesecuritieslaw.com.

 

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