Out of nine real estate funds, NREP has generated annual returns of over 25% on five of them since 2009, and returns of over 20% on the rest, media InsideBusiness reports.

”For the investors who have been onboard since the beginning, it has been a fantastic journey. However, the investors who joined over the past two-three years might have doubts about whether their returns will be just as good,” a former NREP investor told the media.

The concern is that NREP has grown so big and has gained so many new investors who want low-risk strategies that the traditional value-add strategy, which entails higher risk, is being undermined.

Novo Holdings has been a majority shareholder in NREP since 2020, which according to InsideBusiness is a clear step towards a sale or public listing.

(This article was provided by our Danish sister media, EjendomsWatch.dk)

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