News

First residential real estate trust on its way

Wednesday 19th of August 2009

Dunn says he is looking at establishing a series of REITs which invests in residential properties in Auckland.

Each REIT will own about 10 properties and there will be strict investment criteria.

These include the types of houses bought and the locations. The target properties for acquisition are three-bedroom, standalone houses, built before 1990 and in certain suburbs.

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.