How does the re-sale process work?
1 February 2022 / 2 min readWe understand that your circumstances can change from time-to-time, and how important this is in understanding the liquidity of your investment and how Oyster’s re-sale process works. We aim to create a re-sale process that is seamless, easy to understand and timely.
At the time of a re-sale, we will provide you with a summary of the fund’s performance and comparable re-sale evidence where applicable; this will assist with establishing your preferred asking price prior to Oyster marketing your investment for re-sale.
Once an asking price and settlement timeframe are agreed, you can consider the following options to sell your investment:
- off-market to investors who have previously expressed their interest with Oyster;
- market to all existing investors within the fund; or
- market to all other existing and prospective investors who subscribe to Oyster’s new offers and re-sales.
Once you instruct us on your preferred method of sale, all relevant investment documentation is then made available to prospective investors. We prepare all sale documentation for execution and the purchaser deposits their funds to Oyster to be passed on to the vendor on settlement date.
We strive to create an investor re-sale process that provides timely communication, full disclosure of the most recent investment performance, and key property and financial reporting to ensure prospective investors can make an informed decision to invest.
Our team has facilitated 80 re-sale transactions for the 24-month period ending 31 December 2021, providing a combined re-sale value totalling more than $15 million and an average re-sale commitment timeframe of 3.3 days.
