Analyze real estate investment platform terms for liquidity traps, fee stacking, and what happens when you need your money back.
Your money may be locked up for years with no guaranteed exit. Know the restrictions before investing.
Many platforms limit redemptions to a small percentage quarterly. In market downturns, redemption queues can stretch for years.
Initial lock-ups of 1-5 years are common. Even after lock-up, early redemption penalties can take 1-3% of your investment.
Multiple layers: asset management (1-2%), acquisition fees (1-2%), disposition fees, property management. Total can exceed 4% annually.
NAV is often based on internal appraisals, not market prices. Actual sale value may be significantly lower than stated NAV.
Platforms can suspend distributions during downturns. No legal obligation to continue paying dividends.
Sponsors may collect fees on affiliated deals, creating conflicts of interest. They win even if investors lose.
Paste offering documents to identify liquidity and fee risks.