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.
According to LPsales.com, a secondary marketplace for non-traded REITs, shares of CNL Lifestyle Properties were priced at $2.00 per share as of July 2016. That’s more than 70% less than the original purchase price of $10.00 per share.
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.
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 attorneys, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.