Global Definitions Database
Access, learn and discover all terms related to the non-listed real estate sector.
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Investment
A discrete asset or group of assets held for future income, appreciation, or both and tracked separately.
Secondary Trade
A transaction whereby an existing investor transfers units or shares in a Vehicle directly to another investor (either a new investor, or one already invested in the Vehicle), based on pricing and terms agreed between the two parties, without the occurrence of new share/unit issue or redemption by the Vehicle itself.