March 12, 2015
In recent SEC filings, CNL Lifestyle Properties, Inc. reported an estimated value of $5.20 per share. The value of CNL LIfestyle Properties has dropped nearly 25% since 2013 when it had an estimated value of $6.85. It was originally offered at $10 per share.
Investors should be aware that estimated value does not translate to fair market value, ie; the actual amount of cash an investor can receive upon liquidation.
Since this investment is not traded on any public market, should cash be needed now the only avenue for liquidation is one of the private secondary markets such as CTT Auctions , the Partnership Marketing Company , or other similar companies which can be found by Googling “secondary market REIT”.
CNL Lifestyle owns properties in ski resorts and senior housing. ABC News recently reported that the company may be selling 16 ski resorts in New England and the Rockies.
Financial advisors have a duty to make only suitable recommendations to investors. Many investors were sold non publicly traded real estate investment trusts like CNL Lifestyle Properties with the promise of steady, dependable distributions of income and with the expectation that the investment would ‘mature’ , much like a bond. If you believe you were a victim of misrepresentation, contact us to learn more about your legal rights.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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