With increasing interest rates and real estate markets facing a difficult time, redemptions of shares in open-ended institutional real estate funds are more likely. One way to restore trust between investors are so called stay-put agreements, stating that investors will not return any shares within a defined time frame. The parties of such an agreement may vary, as well as its binding effect and legal consequences. The following article gives an overview on possible details and aspects that should be considered when drafting the agreement.
