Global Definitions Database

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

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Lock-Out Period

With respect to debt:  the period during which a loan may not be prepaid; With respect to a fund:  the period of time during which an investor in an open-end fund is not permitted to redeem or sell its equity interest; also known as “lock-up period”.

Source: NCREIF | Date: 05 September 2025 | ID: D1273 | Version: 1