MovingtotheCove
Recycles dryer sheets
- Joined
- Nov 9, 2008
- Messages
- 153
Anyone else stuck with this mess? Value of my investment in this commercial real estate ownership fund has dropped about 20% and we can't touch the money short of death. Since 09/25/08 the fund has been locked down to any redemptions due to liquidity problems unless you die. Don't want to sell buildings at a loss they say and not enough cash to support any redemptions so I just sit on the sidelines and watch it crash. I've been in the redemption queue since 09/29/08 with no word on the status other than no cash to meet redemptions......what a mess!