Investor group buys Du Val BTR assets for $27.1 million
A consortium picked up the 171-unit Auckland portfolio out of statutory management for less than its $35 million valuation.
69 McKenzie Rd, Auckland.
Private investors in the Du Val build-to-rent fund have paid $27.1 million to extract the fund out of statutory management.
NBR understands most of the original 31 investors, who invested in blocks of $250,000 as limited partners in the fund, have kept their money in the BTR entity.
Amongst those
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