FEATURED PROPERTIES

About Real Estate Investment Trusts

What is a REIT?
A real estate investment trust (REIT) is a corporation that:

• Combines the capital of many investors to acquire or provide financing for real estate;
• Offers the benefits of a real estate portfolio under professional management;
• Generally does not pay corporate federal income tax; which means nearly all of its income can be distributed to stockholders
• Must pay distributions to investors of at least 90 percent of its taxable income

Why Invest in REITS?
Diversification across a variety of asset classes and securities is always essential for investors. Non-traded REITs are a recognized investment alternative that may (but are not guaranteed to) provide:

• Portfolio diversification
• Historically low correlations to fluctuations in equity markets
• A hedge against inflation
• An array of return characteristics ranging from income to growth

The Real Estate Matrix

The Real Estate Matrix provides a framework for classifying real estate investments. CNL Lifestyle Properties falls within the United States Income, & Growth category for the Real Estate Matrix. The REIT is designed to have a portfolio with a focus on properties within the United States with income and growth potential. Please consult with your financial advisor for more information regarding the Real Estate Matrix.

Investing in real estate or REITs may not be suitable for all investors. Investors should consult a financial professional to determine whether risks associated with an investment in the shares, including potential illiquidity, underlying investments, and liquidation at less than the original amount invested are compatible with investment objectives.