A few real estate funds are looking for ways to offer an exit route for investors. They are in talks with some of the PE investors who can buy out the assets. This is primarily a precursor to a second fund that is being planned. REMF not comes into this category.
Sell the assets at a decent premium to PEs would help them generate a good return for investors, and thereby showcase the performance of the first fund.
The track record would help them attract new investors for the next fund. It may attract some old investors too.
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