How is a nontraded REIT different from a traded REIT?
• Nontraded REITs are not traded on a public securities exchange, thereby avoiding the daily share price volatility of traded investments. Nontraded REITs are long-term, illiquid investments, and therefore may complement a long-term, “buy-and-hold” investment strategy. 1 “An Overview of Fire as a Forest Damage Agent,” and “An Overview of Insects & Diseases as Forest Damage Agents,” Dr. Jack Lutz and Dr. Donald MacKay, 8/25/08. Dr. Jack Lutz has been commissioned by Wells to perform timber research. 2 Hancock Timber Resource Group (HTRG), “Frequently Asked Questions,” 2008. Retrieved on August 20, 2008, from http://www.htrg.com/educate_invest_questions.htm. 3 “Prospects for Change in International Investment Patterns in Forestry,” Dennis Neilson, DANA Limited, 10/17/07. 4 Forest Investment Associates, “Illustrative Drivers of Timberland Returns,” (n.d.). Retrieved August 20, 2008, from http://www.forestinvest.com/html/client_res/TimberlandReturnDrivers.pdf.
