| From IPE: Non-listed real estate funds are increasingly extending the life of their vehicles rather than liquidating them in a bid to avoid the forced sale of their assets at current low market prices, the European Association for Investors in Non-listed Real Estate Vehicles (INREV) has found.
INREV’s Fund Termination Study 2008 showed of the 25 fund managers it surveyed only 29% of funds due to terminate between 2008 and 2010 are planning to liquidate, compared with 52% of funds in a similar study last year. Approximately 59% of the funds – regardless of their maturity date - have decided to continue the life of their fund, and 78% of these are planning to extend the fund while the other 22% intend to modify the vehicle into a new structure..... Full Article: Source
|