FOR ATTORNEYS & TRUSTEES
A Resource For Complex Alternative Investment Holdings
Alternative Investment Liquidity works with attorneys, trustees, executors, fiduciaries, and estate professionals whose clients, trusts, estates, or beneficiaries hold non-traded REITs, DST interests, limited partnerships, private placements, and other illiquid alternative investments. AIL provides Confidential Investment Reviews focused on ownership structure, transferability, documentation, current buyer demand, and potential liquidity pathways while supporting estate, trust, and fiduciary administration objectives.
Holdings We Review
Alternative Investments
Attorneys & Trustees Encounter
Investments
We Review
Alternative Investment Liquidity provides Confidential Investment Reviews for attorneys, trustees, executors, fiduciaries, and estate professionals whose clients, trusts, or estates hold illiquid alternative investments. Each opportunity is evaluated based on ownership structure, transferability, documentation requirements, sponsor procedures, current buyer demand, and potential secondary market liquidity.
Non-Traded REITs
Public and private non-traded real estate investment trust positions with limited, restricted, or sponsor-controlled liquidity.
DST Interests
Delaware Statutory Trust interests and fractional 1031 exchange investments with investment-specific transfer requirements.
Limited Partnerships
Real estate, energy, development, private fund, and other partnership investment structures.
Private Placements
Regulation D offerings and other privately held alternative investment interests with limited secondary market liquidity.
Energy Investments
Oil and gas partnerships, mineral interests, royalty programs, and other energy-related alternative investment positions.
Other Alternative Assets
Trust, estate, and client holdings that do not fit neatly into one category may still be reviewed on an investment-specific, case-by-case basis.
When Illiquid Assets Become An Administrative Challenge.
Attorneys, trustees, executors, and fiduciaries frequently encounter illiquid alternative investments that create unique valuation, transfer, administration, and distribution considerations. AIL provides a Confidential Investment Review to help evaluate ownership structure, documentation, transferability, current buyer demand, and potential liquidity pathways for complex trust, estate, and client holdings.
Estate Administration
Executors and estate attorneys may need to value, administer, transfer, or distribute illiquid alternative investments as part of probate or estate settlement.
Trust Management
Trustees may evaluate liquidity alternatives when managing trust assets, addressing beneficiary needs, planning distributions, or responding to changing trust objectives.
Inherited Investments
Beneficiaries may inherit non-traded REITs, DST interests, limited partnerships, private placements, or other illiquid investments they do not wish to retain long term.
Fiduciary Considerations
Attorneys and trustees may need to understand transfer requirements, valuation factors, available liquidity alternatives, and transaction considerations when administering complex investment holdings.
Supporting Fiduciaries
Managing Complex Assets
Fiduciary
Resource
Attorneys, trustees, executors, and fiduciaries often encounter illiquid alternative investments that create unique ownership, valuation, transfer, administration, and distribution considerations. AIL provides a Confidential Investment Review to help evaluate potential liquidity pathways while supporting trust administration, estate settlement, and fiduciary decision-making.
Alternative investments may require review of account statements, subscription agreements, transfer records, trust documents, estate records, and ownership history.
Requirements
Many investments include sponsor approval procedures, transfer restrictions, purchaser qualifications, and documentation requirements that must be satisfied before a transfer can occur.
Considerations
Potential transaction value may depend on investment structure, underlying assets, sponsor information, transferability, position size, and current secondary market demand.
Considerations
Trustees and fiduciaries may need to understand available liquidity alternatives, transaction requirements, timing considerations, and documentation before determining how to administer an illiquid holding.
Common Fiduciary Matters
Attorneys and trustees often contact AIL when administering estates, managing trusts, evaluating inherited investments, addressing beneficiary distributions, resolving legacy holdings, or reviewing illiquid alternative assets held within fiduciary accounts.
How We Assist Fiduciaries
AIL reviews investment-specific factors, ownership documentation, transfer requirements, current buyer demand, and other market considerations to help attorneys and trustees understand potential liquidity pathways. Fiduciaries remain in control of trust, estate, and client matters throughout the Confidential Investment Review and, where applicable, transaction process.
A Structured Process For
Complex Fiduciary Holdings
AIL works with attorneys, trustees, executors, and fiduciaries through a structured Confidential Investment Review focused on ownership structure, available documentation, transferability, sponsor requirements, current buyer demand, and potential transaction feasibility.
Submit The Position
Provide basic information regarding the investment, ownership structure, trust or estate context, approximate position size, and available supporting documentation.
Documentation & Transfer Review
AIL reviews ownership records, investment structure, sponsor procedures, transfer restrictions, purchaser qualifications, and other applicable documentation requirements.
Liquidity Assessment
The position is evaluated for current buyer interest, valuation considerations, transfer feasibility, timing, and other potential liquidity pathways.
Discuss Findings & Next Steps
If a potential liquidity option is identified, AIL discusses available terms, documentation, transfer requirements, timing considerations, and possible next steps.
FAQ For Attorneys
& Trustees
Attorneys, trustees, executors, and fiduciaries often have questions about inherited investments, trust and estate administration, confidentiality, documentation requirements, and potential liquidity alternatives before beginning a Confidential Investment Review.
What types of investments are reviewed?
AIL reviews non-traded REITs, DST interests, limited partnerships, private placements, energy investments, and other illiquid alternative investment holdings on a case-by-case basis.
Can AIL assist with inherited alternative investments?
Yes. AIL can review inherited non-traded REITs, DST interests, limited partnerships, private placements, and other illiquid holdings to help attorneys, trustees, executors, and beneficiaries better understand transferability and potential liquidity pathways.
Is there any obligation to pursue a transaction?
No. Requesting a Confidential Investment Review does not create an obligation to proceed with a transaction. The purpose is to evaluate the position, documentation, transferability, and potential liquidity options before any decision is made.
What documentation is typically required?
An initial review may include account statements, ownership records, trust or estate documentation, offering materials, subscription agreements, sponsor communications, and transfer-related documents depending on the investment and ownership structure.
Is information handled confidentially?
Yes. Information submitted to AIL is handled as part of a Confidential Investment Review and used to evaluate the specific investment, ownership structure, documentation, transferability, and potential liquidity pathways.
How long does the review process typically take?
Timing depends on the investment, ownership structure, available documentation, sponsor procedures, transfer requirements, and current market conditions. Some positions can be evaluated quickly, while others may require additional document or sponsor review.
Are all trust or estate holdings eligible for liquidity?
No. Potential liquidity depends on the investment structure, transfer restrictions, sponsor requirements, purchaser qualifications, ownership documentation, position size, current buyer demand, and other transaction-specific factors.
What happens if a potential liquidity option is identified?
If a potential liquidity pathway is identified, AIL can discuss the proposed terms, valuation considerations, documentation requirements, transfer process, timing, and possible next steps with the attorney, trustee, executor, fiduciary, or other authorized representative.
Discuss A Trust,
Estate, Or Client Matter
If a trust, estate, beneficiary, or client holds a non-traded REIT, DST interest, limited partnership, private placement, or other illiquid alternative investment, AIL can provide a Confidential Investment Review focused on ownership structure, documentation, transferability, current buyer demand, and potential liquidity pathways.