Non-traded REITS
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So you are haircut on the payouts by 1-2% and you can’t use more than 10%?? You should leave…
I usually just throw the difference into an annuity
Seriously though, I don't think I'd want to put much more than 10% of a clients portfolio into REIT's anyways. Trying to go more fee-based, and there are some good preferred stock and other tactical strategies to generate high income over and above the REIT limit.I think I heard you can put Hines into a fee account, but Hines is like 4th or 5th place on our list of REIT’s we’d use for someone. The primary ones we use are only commission based.
I have done it both ways… Either hold it below the line(no charged in a fee based account… can do this at pershing. Or buy in at nav and hold… qualified is the only way i have done it.
3rdyrp2- Hines is coming out soon with a global REIT that may be worth a look at if it fits in your fee accounts. Not sure when but the wholesaler told our office about it a week ago. Ofcourse he had a raging boner about it but Hines is a good company. I did a due dilligence trip there a few years ago and was impressed. I just don’t like their lack of motivation to liquidate the REIT down the road compared to some of the others.
WP Carey is another one that takes forever to liquidate… Good track record, just long…