REA FUND (in liquidation)
The REA Fund is an alternative closed-end real estate investment fund reserved for professional and non-professional investors.
On 2 March 2009 Polis Fondi SGR took over its management, replacing another SGR.
The purpose of the Fund is to invest in and manage the assets it has collected, in order to achieve a medium to long term valorisation of the assets being invested and to maximize the divisible balance, namely the end net result to be distributed among the shareholders. The Fund invests no less than two-thirds of its total value in real estate and/or rights in rem, as well as in real estate companies. Furthermore, the Fund’s assets may be invested, to a residual extent and in any case not exceeding one third of its total value, in financial instruments and other assets.
Real estate investments can be made for development, valorisation and trading purposes.
The Fund’s assets are located in Milan, mainly for residential use.
