I have heard the pitches for nontraded REITS. I have never invested in them. The fact that they are nontraded means that if you desire to sell it will be to someone who knows he is the only buyer. You will get a bad price and he will get a good price.
The fact that they are non traded, significantly impacts the accounting rules that they must abide to. You will have less protection.
There is a wealth of information available for publicly traded reits. There is a dearth of info available for nontraded reits. And because these nontraded reits are very small (as compared to public traded reits), means that very few people (if any) are analysing their finanvials.
If you really need REITS, buy publicly traded ones, where the fees will not take 10% of your money on day 1.
I would run fast from any advisor promoting these.
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