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Again, we’ll grant them that. But this Transparency: As already mentioned,
begs the question of what to call “it” all REITs have to abide by a list of very
at its worst. specific IRS rules. Those regulations
do not change based on whether the
The semblance of stability that PNLRs investment in question is privately
and private REITs offer come at the traded, publicly traded or publicly
constant cost of liquidity. In other traded on a non-standard exchange.
words, when you invest in anything
other than a publicly traded entity, However, as with any list of even the
you’re stuck to an uncomfortable most specific IRS rules, there are ways
degree. It can take weeks or even around them that can and do affect
months to redeem an investment the way they operate.
should you want or need to do so.
Publicly traded REITs – which are
That’s not meant to insult non-listed the kind that iREIT researches and
investments. It’s simply the nature of recommends – have the additional
the beast. business burden of filing quarterly
and annual statements with the
Shareholders of publicly traded SEC. These can then be accessed by
REITs, however, get to own liquid analysts and investors as they see fit.
investments that can be sold
instantly on the stock market. This This serves to keep management
offers a set of SWAN (sleep well at more accountable to their
night) style benefits that, in our shareholders, which, more often than
opinion, are ultimately priceless. not, benefits everyone involved.
