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Personal Finance and Investing

A HERETIC I AM

(24,798 posts)

1. I've only heard of one REIT that restricted trading of shares.

Reply to mopinko (Original post)

Wed Dec 7, 2022, 08:51 PM

Dec 2022

I had a client that had shares of the Empire State Building REIT that was basically private placement. In order to get shares you had to know somebody or inherit them, etc.

Is this the case with yours?

The only way I could give an educated opinion is to read the prospectus or visit the website and read about it there.

Do you have a ticker for it? Is it a private placement type?
Without more info I just can't offer an answer at all.

If you don't want to share that info publicly, you could message me.

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got a question about reits. [View all] mopinko Dec 2022 OP

I've only heard of one REIT that restricted trading of shares. A HERETIC I AM Dec 2022 #1

pretty much yeah, a small fund that i knew someone. mopinko Dec 2022 #2

I'm working 12 hour days right now, but I did get a quick look at it... (See below) A HERETIC I AM Dec 2022 #3

I have to offer a clarification to the above; A HERETIC I AM Dec 2022 #7

OK...had a chance to read the Offering Circular. A HERETIC I AM Dec 2022 #4

thx. it wasnt a reit when i bought it mopinko Dec 2022 #5

According to their "About/Our Story" page, they were an LLC; A HERETIC I AM Dec 2022 #6

it is. funny story mopinko Dec 2022 #8

Very cool! A HERETIC I AM Dec 2022 #9

i will. mopinko Dec 2022 #10