The REIT is set to offer investment units to institutional investors and/or ultra-high net worth investors through two underwriters, Yuanta Securities (Thailand) and DAO Securities (Thailand). The trust is set to be registered in late September or early October with Krung Thai Asset Management as a trustee. Mr. Visit Malaisirirat, CEO of MQDC, the property owner, said that the assets sold to DTPHREIT have very high potential, both in location and quality. The hotel sector is recovering fast too. The specific assets sold to DTPHREIT are currently recovering very fast.

Source: The Nation Bangkok September 08, 2022 09:11 UTC