Securities Investigation – CNL Lifestyle Properties

Concerned about losses 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.

Letter to Investors

According to a recent letter to investors, CNL Lifestyle Properties is in the process of a sale and liquidation of the company.

CNL Lifestyle Properties is in the midst of seeking shareholder’s approval of a sale of the remaining assets to EPR Properties (NYSE: EPR) and Ski Resort Holdings, LLC in order to liquidate and dissolve the company.

According to the letter, some EPR stock will be distributed as part of the liquidating distribution to shareholders.

“The exact amount of the distribution you will receive upon the liquidation and dissolution will not be know now until the sale is complete. However it is currently estimated that the stockholders will receive two distributions within the aggregate range of $2.10 and $2.25 per share.”

The trouble with Non-traded 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, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

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