Evans Dixon's NY-focused property fund eyes sales to plug cash flow
The Evans Dixon Group's New York-focused listed property fund is looking at options including speeding up asset sales to plug a major hole in its cash flow.
The $433 million US Masters Residential Property Fund (URF) was established in 2011 to give investors exposure to the US residential property market in the New York metropolitan area.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
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