REIT “investors” blocked from cashing out of private equity roach motels

July 14, 2023 10:09 pm by CWR

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An Australian real estate investment trust has limited how much investors can withdraw, citing challenging property conditions.

Investors in the unlisted A$2.5 billion ($1.72 billion) Charter Hall Direct PFA Fund received only a quarter of what they requested, per Reuters.

— unusual_whales (@unusual_whales) July 14, 2023

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h/t Simian_Stacker