CNL Healthcare Properties is a non-traded real estate investment trust (REIT). Headquartered in Orlando, Florida, this investment entity primarily holds assets in senior-citizen housing and other healthcare industry properties.
While CNL Healthcare Properties is marketed to investors as an REIT that attempts to provide “income and long-term growth”, this is a high-risk investment product. It is unsuitable for many investors. In the fall of 2018, CNL Healthcare Properties abruptly suspended stock distributions.
If you invested in CNL Healthcare Properties based on the investment guidance of your broker or brokerage firm, you may be entitled to financial compensation for your losses through an unsuitable investment claim.
CNL Healthcare Properties: Brokers May Be Liable for Failure to Conduct Due Diligence
As reported by the DI Wire, CNL Healthcare Properties opted to close its offering and explore its options for liquidity in September of 2018. This decision has dramatic implications for investors, many of whom could be left with considerable financial losses. Unfortunately, in many cases, unethical and negligent brokers pushed investors into CNL Healthcare Properties.
Non-traded REITs — such as CNL Healthcare Properties — are fundamentally risky investments. They are not appropriate for all investors. If you were recommended CNL Healthcare Properties by your financial advisor or your brokerage firm, you may be eligible for financial compensation. Under FINRA Rule 2111, brokers must have a reasonable belief that financial products and investment opportunities are suitable for their clients. If you lost money in unsuitable REITs, you should speak to a securities lawyer about your legal options.
Contact Our Unsuitable Investment Lawyers Today
At Sonn Law Group, our FINRA arbitration attorneys have extensive experience handling unsuitable investment claims. If you lost money as a result of a financial advisor’s unsuitable investment advice, please contact our law office today for a free, fully private consultation.
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