Bringing you live news and features since 2006 

Compound launches first Real Estate Thematic Fund

RELATED TOPICS​

Compound Asset Management, a New York City-based real estate asset management and technology company, has launched the first ever ReTF (real estate thematic fund) – NY Residential.

ReTFs are designed to combine the thematic investment strategy of an ETF (exchange traded fund) with the tax and diversification benefits of a REIT (real estate investment trust). ReTFs are a proprietary product of Compound and are intended to be listed on national stock exchanges once eligible, providing liquidity for investors.

NY Residential was created to offer exposure to the Manhattan residential real estate market, which has historically been too expensive for most investors to access. NY Residential will invest exclusively in Manhattan residential real estate including condominiums, single-family homes, and apartment buildings with a focus on long-term capital appreciation.

For the first time, retail investors can own interests in high-quality Manhattan residential real estate with a minimum investment of only USD1,000. Investments can be made directly on the NY Residential website.

“The price of a Manhattan apartment has outpaced the S&P 500 over the past 20 years,” says Jesse Stein, Chief Investment Officer of Compound. “There is good reason why ultra high net worth individuals invest in apartments in Manhattan, and now smaller investors can participate in those economics as well.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by