Ann: Financial information as at March 31, 2020, page-37

Woohoo!!

https://www.globest.com/2020/05/10/blackrock-real-assets-raises-1-3b-for-europe-property-fund/?slreturn=20200412191927

Blackrock that owns 7.7% of URW has just raised $1.3 billion US to raise their exposure in European properties.

" The money raised in the fund comes from 39 diversified institutional investors including public plans and private pensions, sovereign wealth funds, family offices, insurance companies and non-profit organizations. BlackRock Real Assets noted that 67% of the capital in the predecessor fund (Europe Property Fund IV) also invested in the current fund.

According to BlackRock’s 2020 Global Rebalancing survey, 49% of 271 institutional investors surveyed would like to increase their exposure to real estate.

“We are at the very beginning of what we believe will be one of the largest market dislocations in our lifetime,” Mueller said.

Mueller, however, said he believes that “buying opportunities await those that can remain patient in the near-term.”"