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by investing mainly in a number of small to medium sized residential projects. Projects are offered by a number of real estate developers, with whom the Fund Manager works, where the fund construct and acquire, fully or partially, those residential projects for the purpose of resale.
A closed-end real estate investment traded fund aims to invest in constructionally developed properties that qualified to generate periodic rental income and to distribute at least 90% of fund’s net profits in cash to investors o at least once a year, during the third quarter of each year, after collecting the rental income.