An ugly solution to an age-old problem
ANALYSIS: A revamped offer from an unlisted property fund seeks to raise capital from new investors to help pay for the potential exits for older ones.
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Unlisted property funds are a lot like rollercoasters in that they are a hair-raising ride sought out by thrill-seekers who enjoy surrendering their control and don’t mind being jerked around.
The key difference is that you generally know when you’re going to get off a rollercoaster ride.
Which
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