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Closed end Fund
Real Estate Investing
Definition
The
definition of Closed end Fund is:
A commingled fund with a stated termination date with no additional investors after the initial formation of the fund. Closed-end funds typically purchase a portfolio of properties to hold for the duration of the fund and and as sales occur typically distribute the funds. Many closed end funds set up second third and on-going funds as optional investments to participants receiving their money back.
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