Investors owning non publicly traded alternative investments, such as real estate investment trusts (REITs) and oil and gas partnerships may not have been aware of the meaning of illiquid when the investments were recommended to them by a financial advisor or stockbroker.
These investments generated high commissions for the firm and broker and were typically sold to unsuspecting with the promise of a steady dependable stream of income, a promise of steady or increasing value and with little discussion of the fact that the investment cannot be sold on any conventional exchange should a need for cash arise.
Many investors made the decision to purchase these investments without a clear understanding of the risks associated with them. Many purchased them not aware that they are illiquid.
If you have watched the value of your investments in alternative investments decline and wonder how you can get out of these investments that cannot be sold on any conventional exchange, you may be pleased to know that there are several secondary markets that have developed over the years which provide investors the opportunity to dispose of these investments.
Here are two popular market makers. Each has its own set of procedures for buying and selling alternative investments. Visit their sites for details.
Central Trade & Transfer
Recent (April 2018) trading ranges quoted by CTT Auctions for some of the most popular non publicly traded alternative investments.
ALTERNATIVE INVESTMENT Recent Price
ARC New York City REIT $13.00-13.28
Black Creek Diversified Prop. $6.85-7.00
Business Dev. Corp. (BDCA) $6.50-6.75
Carter Validus Mission Critical REIT $5.50-5.75
CNL Healthcare $8.61-8.90
Cole Credit Prop Tr. IV $7.65-8.00
Cole Credit V $18.55-18.85
Corporate Prop 17 $9.50-9.65
Corporate Prop 18 $7.95-8.17
Healthcare Trust (ARC II) $13.96-14.01
Highland REIT (InvenTrust spinoff) $.21-.22
Hines Global REIT $7.85-8.00
HMS Income Fund $7.20-7.35
Inven Trust (Inland American) $1.84-1.90
KBS Legacy Prnrs Apt REIT $3.65-3.80
KBS II $4.13-4.05
KBS REIT III $9.85-9.95
KBS Strategic Opp REIT II $7.75-8.00
Lightstone Value Plus REIT V $5.80-6.01
Northstar Healthcare Income $6.50-6.71
Phillip Edison Grocery Center REIT I $9.25-9.50
Strategic Realty Trust (TNP) $4.50-4.55
United Development Fund III $2.50-2.65
HAVE YOU SUFFERED A LOSS ON ALTERNATIVE INVESTMENTS?
If you have losses on your alternative investments, you may be able to recover damages from the brokerage firm that recommended the investments to you. Call for a no obligation consultation with an experienced securities attorney to learn about you options.
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.
Rex Securities Law
Florida-561 391 1900