Dixon Advisory’s troubled US Masters Residential Property Fund, or URF, is set to be liquidated after its parent E&P Financial accepted an offer to sell “substantially all” of its residential property assets in a $US507 million ($673 million) transaction.

The sale agreement of the portfolio of houses and apartments in the New York and New Jersey region has been struck with US real estate firm Brooksville at an 11 per cent discount to the book value at December 31, 2021, and implies a realisation that is 38 per cent below Friday’s closing share price of 34¢.