Liquidity issues throw up fresh challenges for property sector

Reita recently hosted a round table to examine prospects for the property market. The debate was chaired by Asset TV's Mark Colegate

How long before property funds are likely to allow investors access to their capital? AP: It depends on the fund. There are some open-ended funds out there, that theoretically can give you instant access or close to immediate access, but some of those are closed to redemptions. There is also the problem that the people who do stay in the fund may end up holding the properties that are the least saleable; you sell the most saleable ones first. So they may be disadvantaged. The fund managers also try to balance those people who want to stay in with those who want to get out, and it just t...