Mubasher: QInvest established a new liquid real estate fund in partnership with Pramerica Real Estate Investors, the real estate investment management business unit of Prudential Financial.
Pramerica is one of the major real estate investors with gross assets amounting to $61.5 billion, the statement said, adding that the company will serve as the subadvisor of QInvest Pramerica Liquid Real Estate Fund.
The new fund will invest in high yielding Shariah-compliant real estate investment trusts and other real estate-related securities.
“QInvest has focused on expanding the capabilities of QInvest Asset Management, particularly the QInvest Managed Account Platform,” said Tamim Hamad Al Kawari, Chief Executive Officer of QInvest.
He added that this fund broadens the product offering available to investors, with the addition of a new high quality asset class with attractive yields and for which there is an active demand.
