Scam?

[ronnie]

Looking through my emails this morning and came across something from Kiplinger Retirement. An ad from CRE Income Fund. It is titled "Income Investors Are Earning a Tax-Advantaged 12% Dividend Yield"  www.creincomefund.com is the website. The fund is focused on Commercial Real Estate. I looked at the website and the so called promise of a 12% yield and thought....SCAM! So I looked through the website for a ticker symbol and did not see one. Is this a legitimate investment opportunity? Not that I'm going to invest but I'd just like to hear other posters opinions. Thank you.

[yogibearbull]

Looks like an unlisted, nontradable REIT from the website info. The SEC and FINRA have warned about these. These are like roach-motels - easy to get in but hard to get out. You may only sell back to the sponsor, or another participant, at decent haircuts. I don't have time to look into its prospectus, but anyone interested should do that.

[ronnie]

Thank you Yogi. I do believe I had even seen a commercial on TV talking about this. Seemed kinda Scammy to me.