1 As a CPA and shareholder at WilkinGuttenplan, Vinay Navani is not affiliated with Merrill or any of its affiliates. This article is for information and educational purposes only. Opinions and views expressed are his, do not necessarily reflect those of Merrill or any of its affiliates and are subject to change without notice.
Important Disclosures
The information contained in this material does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Before acting on any recommendation in this material, you should consider whether it is in your best interest based on your particular circumstances and, if necessary, seek professional advice.
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Investing involves risk. There is always the potential of losing money when you invest in securities. Past performance is no guarantee of future results.
All recommendations must be considered in the context of an individual investor’s goals, time horizon, liquidity needs and risk tolerance. Not all recommendations will be in the best interest of all investors.
This material should be regarded as educational information on healthcare and is not intended to provide specific advice. If you have questions regarding your particular situation, you should contact your healthcare, legal and/or tax advisors.
Real estate investment trusts (REITs) involve a significant degree of risk and should be regarded as speculative. Private REITs are only made available to qualified investors under the terms of a private offering memorandum. Holdings in a REIT may be highly leveraged and, therefore, more sensitive to adverse business or financial developments. Holdings in a REIT are generally long term and unlikely to produce a realized return for investors for a number of years. Interests in a private REIT are not transferable. The holdings may be illiquid — very thinly traded or assets for which no market exists. A REIT may use leverage, which even on a short-term basis can magnify increases or decreases in the value of the private equity investment. The business of identifying REIT opportunities is competitive, and there is no assurance that the REIT will be able to complete attractive investments or fully commit its capital. In addition, a REIT’s high fees and expenses may offset the fund's profits.