Investment real estate, including securitized real estate, comes with substantial risks, including but not limited to:

  • the absence of guaranteed income;
  • lack of liquidity;
  • the risks of owning, managing, operating and leasing properties;
  • possible conflicts of interest with managers and affiliated persons or entities;
  • the risks associated with leverage;
  • tax risks, including possible changes in tax law;
  • declining markets and challenging economic conditions;
  • on-going fees;
  • and known or unknown regulatory challenges.
It should be understood that the ultimate risk of investing in real estate could include the total loss of principal investment.