Saxo launches property funds
Saxo Bank, the online adviser, is launching closed-ended property funds for private clients and institutional investors through a new company, Saxo Properties, as continued enthusiasm for property funds fuel record inflows.
SHERMAN OAKS, CA-It is evident that many private equity funds are itching to pull the trigger and are buying distressed real estate, according to locally-based Robert Leveen, a senior vice president of Lee & Associates investment services group.