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Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

Initial Closing

As defined in the vehicle documentation, it is the date on which the conditions for the operating agreement are met for the initial closing.  Generally, these conditions relate to subscription commitments.

Source: Global | Date: 20 March 2020 | ID: D0477 | Version: 8

Topics: Vehicle Terms

Related definitions

Final closing

As defined in the Vehicle Documentation, the date of the final closing occurs at the end of the equity raising period set by the investment manager when the Vehicle is closed to new commitments.

Vehicle Formation Date

The date on which the Vehicle was legally established and became available for investors.