Centurion Announces Temporary Capping of The Centurion Real Estate Opportunities Trust ("REOT").
Centurion REOT will temporarily cap new investments as of June 1st, 2016. The Board of Trustees of REOT believe that since the demand for REOT exceeds its’ available accretive investment opportunities, that it is prudent to restrict the inflow of capital until further notice. REOT will remain open for redemptions, continue to make scheduled distributions and clients electing to receive DRIP (Distribution Re-Investment Plan) may continue to do so.
To accommodate REOT Unit subscriptions that are currently in progress, the Board of Trustees has authorized a capped limit on further Unit purchases of $10 million for subscriptions submitted during the month of May for the June 1, 2016 closing, which will be allocated on a first come, first served basis. This limit includes any purchases through registered accounts that have already been received by Centurion.
REOT continues to search for accretive investment opportunities and hopes to reopen after existing capital has been deployed. Existing and potential investors wishing to subscribe to REOT in the future should indicate their interest to their advisors or to Centurion so that Centurion maygive notice to interested parties at the earliest availability of any new capacity.
Centurion Real Estate Opportunities Trust would like to advise you that the $10 million available for subscriptions during the month of May has now been allocated. As such, we will be unable to accept any new investments until the Trust reopens.
Centurion will provide updates on capacity as it becomes available.