As the fund is registered in Cayman Islands, which is a tax haven, capital gains and dividend income are not taxed.
According to Kim Lund, of RE/MAX, there are relatively few new foreclosure properties coming onto the market.
The acquisition substantially bolsters Apex’s corporate services capabilities adding specialist hubs in the UK, Jersey, Ireland, Luxembourg, the Netherlands, Hungary and Switzerland.
The GFF is actively managed, closed-ended, and Guernsey-domiciled. It closed to new commitments in February 2013.
In a related and curious development, the FDI inflow into the country from the Cayman Islands spiked months after the company was registered by Vivek Doval, a British citizen based in Singapore.
“Barbados is the Caribbean at its finest, and we are thrilled to partner with three properties that capture the island’s blend of natural beauty, luxury, and laid-back living,” said Mike Collins