Optimus US Real Estate Fund (the "Fund") was fully subscribed in May 2013. Over a 5 year period commencing in July, 2009, the Fund acquired interests in 1,306 condominium units in the Las Vegas, Phoenix, Tampa Bay and Orlando metropolitan areas. In July 2015, the Fund started a disposition process resulting in the sale of 850 units to March 31, 2016. The Fund continues to manage and lease the remaining units as the ongoing sale program proceeds.
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