SRES Stock Discussion
Sun Residential REIT Description
Sun Residential Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust dated January 22, 2019, which was amended and restated on March 22, 2019. The business of Sun is to acquire multi-family residential properties in the Sunbelt region of the United States. Its business operations commenced on January 28, 2020, when it completed a financing and concurrently acquired a 51% interest in a multi-family residential property comprising 12 buildings with 288 rental units as well as various amenities for tenants located in Tallahassee, Florida.
Industry: REIT - Residential
Keywords: Investment Trust Law Real Estate Investment Trusts Trust Law Common Law Inheritance Unincorporated Open Ended Real Estate Investment Trust
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