Non-traded REITs were sold to many with the promise of steady distributions of income and the understanding that the investment could be sold in the near future. Instead, many REITs have been funding distributions with capital or, worse yet, debt. Now many have ceased distributions completely. Here are six REITs whose value has dropped dramatically, as reported by the Investment News.
|Name||Offering price, per share||Current estimated value||% decline per share|
|Behringer Harvard Opportunity REIT I||$10.00||$4.12||-58.80%|
|Behringer Harvard REIT I||$10.00||$4.64||-53.60%|
|Behringer Harvard Short-Term Opportunity Fund||$10.00||$0.40||-96%|
|Cornerstone Core Properties REIT||$8.00||$2.25||-71.88%|
|Inland Western Retail Real Estate Trust Inc.||$10.00||$6.95||-30.50%|
|KBS Real Estate Investment Trust Inc.||$10.00||$5.16||-48.40%|
If you have REIT losses or other stock market losses, you may be able to recover some or all of the losse through FINRA arbitration. Contact us at 561-391-1900 or visit our website.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.