How does a "Non-Traded REIT" differ from a "Publicly Traded REIT"?

A Non-Traded REIT is characterized primarily by its absence from stock exchanges, distinguishing it from a Publicly Traded REIT, which is actively bought and sold on these platforms. Because Non-Traded REITs are not available for purchase or sale on stock markets, they typically have different liquidity profiles compared to their publicly traded counterparts.

Investors in Non-Traded REITs may face limitations when trying to exit their investment because these shares cannot be easily sold as they can with Publicly Traded REITs that are liquid and subject to regular market trading hours. Publicly Traded REITs benefit from greater market visibility and accessibility, which tend to lead to more stable pricing and trading volumes.

Non-Traded REITs may also encounter less regulatory scrutiny compared to Publicly Traded REITs, as they do not have the same reporting requirements imposed by stock exchanges and the Securities and Exchange Commission. This can influence the overall risk and transparency levels associated with Non-Traded REITs.

Thus, the fundamental difference lies in the listing status on stock exchanges, making the choice that Non-Traded REITs are not listed on these platforms the accurate response.