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Union Homes REIT’ NAV hits 4-year low on vacant properties

Union Homes Real Estate Investment Trust

Union Homes Real Estate Investment Trust, a Lagos-based real estate fund manager, recorded the biggest decline on its funds’ net asset value (NAV) in four years, driven by non-occupancy of key properties. NAV, which represents the value of a fund’s assets less liabilities, contracted by some 23 percent to N9.8 billion in the period under…

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