The closed-end fund will invest in office, retail andindustrial. Half of the money in the fund will be invested in anestablished CIT UK Investment Fund and the other 50% will beinvested in mature European (Euro zone) markets.

Of course, the bank says it plans to acquire properties withstrong rental earning profiles, opportunities for incomeenhancement and sustainable capital growth. Investors will receivea quarterly income coupon plus a capital distribution when assetsare sold.

The initial subscription period started last month and willcontinue through October. Units are being issued at a subscriptionprice of $1,000 per unit, with a minimum investment of 101units.

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