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An update from Metrics Real Estate Multi-Strategy Fund ( (AU:MRE) ) is now available.
Metrics Credit Partners, through its associated funds, has clarified recent media reports regarding a loan default related to a $750 million real estate project in Melbourne. The company states that it was not forced to take control of the project but instead managed the situation through a proper sales process, resulting in the full recovery of the loan amount. Metrics emphasizes that the governance and sales processes complied with legal obligations, and there has been no impact on the financial distributions or asset valuations within their funds.
More about Metrics Real Estate Multi-Strategy Fund
Metrics Real Estate Multi-Strategy Fund operates in the real estate and financial services industry, primarily focusing on investment management. The company manages various funds, including the Metrics Master Income Trust, Metrics Income Opportunities Trust, and the Metrics Real Estate Multi-Strategy Fund, offering exposure to real estate debt and equity investments.
YTD Price Performance: -1.78%
Average Trading Volume: 192,553
See more insights into MRE stock on TipRanks’ Stock Analysis page.
