According to reports, CNL Lifestyle Properties Inc. recently announced that its estimated per share value has dropped to $7.31 from its original price per share of $10, a drop of 27%. The REIT is also cutting its "distribution," or dividend to investors.
Investors in CNL Lifestyle Properties may be able to recover these losses through FINRA arbitration claims against the broker-dealer that recommended the investment.
The White Law Group continues to file FINRA arbitration claims involving non-traded REITs life CNL Lifestyle Properties.
Those claims generally allege that brokerage firms failed to perform adequate due diligence on these investments before offering them for sale to their clients and that the broker-dealers were blinded by the enormous commissions these investment pay to the firms that sell them (the commissions are generally between 7-10%, far in excess of what a brokerage firm would make selling a customer a mutual fund).
For more information on The White Law Group's investigation in to CNL Lifestyle Properties, visit:
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on the firm, please visit http://www.whitesecuritieslaw.com.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.