What are the typical entry requirements to invest?
Presant: Investors include public and private pension plans, educational endowments, private foundations, charities and wealthy individuals. Minimum investments can be as low as $100,000 or as high as $10 million. Portfolio: Would an opportunity fund look to invest in REITs? Why or why not? Presant: Opportunity funds seek higher returns than are assured over the short term with a REIT stock investment, and their investors generally can access the REIT equity markets directly. However, opportunity funds frequently have mezzanine or participating debt or joint venture transactions with REITs, acquire properties (generally challenged properties) from REITs, and sell properties to REITs after the opportunity funds perform their value-adding services and stabilize the properties. Portfolio: How active are sponsors in raising capital for investment in the funds? Presant: Most sponsors have either recently closed new funds or are in the process of marketing new ones. At the same time, sponsor
