为什么许多旧金山投资者避免避开不交易的房地产投资信托基金？

Non-Traded Real Estate Investment Trusts Are Risky, Illiquid

如果您是旧金山的零售投资者，他的经纪人建议您投资于非交易房地产投资信托（非交易REITS），则应大力重新考虑。

While often touted as a security that allows investors to make money without having to worry about market volatility – this type of investment is actually still high risk, illiquid, and not suitable for many customers including retail investors, retirees, and other conservative investors with low-risk tolerance levels.

Non-traded real estate investment trusts recently took a huge hit a few months ago when the Coronavirus pandemic struck, leaving many investors with illiquid investments that they can’t sell.

What Are Non-Traded REITs?

非交易的房地产投资信托基金购买并拥有住宅和商业房地产。与公开交易的房地产投资信托不同，这些房地产投资信托基金未在公共交流上列出。他们是由经纪人出售给投资者的。这种类型的投资的价值取决于其资产的估值，而非交易房地产投资信托基金没有认证限制。但是，对于可能需要早日获得资金的散户投资者而言，其流动性不佳可能是关注的巨大原因。

These REITs can be hard to sell and typically have a 5- to 70 year hold period. They are sold by broker-dealers to customers. They tend to charge high upfront fees that translate into healthy commissions for firms and their brokers. This is one reason why so many broker-dealers love selling them to customers.

即使这些投资未在公共市场上列出，但它们可能会受到经济状况的不利影响。这就是当Covid-19击中和对非交易房地产投资信托的投资下降69％时，这就是发生的情况。

Many investors are now hard-pressed to find someone to purchase their non-traded REIT, meaning that they can’t access the money that they’ve invested in these illiquid securities even if they need to during these very tough times.

Covid-19对这种投资类型的影响

同时，大流行继续影响非交易的房地产投资信托基金。根据DI线，在5月，此类投资的筹款活动从上个月的3.19亿美元下降了22.4％，至2.48亿美元。不仅如此，这些房地产投资信托基金中的许多人都将其每月股息支付给投资者。

即使是前19条，非交易房地产投资信托也不适合许多投资者。现在，一些州禁止投资者将超过10％的资金投入这些投资类型。然而，经纪交易商及其注册代表继续向客户出售并将其出售给客户。

旧金山REIT欺诈律师为投资者而战

Shepherd Smith Edwards和Kantas（SSEK律师事务所）代表整个旧金山湾区的投资者，帮助他们收回遭受的损失，因为经纪人对房地产投资信托的不合适建议，违反了他们的信托义务，涉嫌客户账户，或者从事客户账户或参与。其他欺诈或疏忽行为。

在过去的30年中，我们代表客户收回了数百万美元。我们已经成功地代表了数千名投资者针对全国各地的经纪交易商。立即联系SSEK律师事务所在线表格或致电（415）287-0877。