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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓Which of the following statements about property funds is FALSE?
A fund-of-REITs is a listed/securities property fund: it holds traded property securities such as REIT units, not the buildings themselves, so it does not earn rent directly from tenants. The other statements are true.
Forgetting that a fund-of-REITs holds securities, not bricks-and-mortar property.
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