Trez Capital is suspending redemptions across five of its real estate funds, citing a flood of withdrawal requests among other factors. Vancouver based Trez Capital is one of the largest nonbank commercial mortgage lenders in Canada, with some $3.8B in assets under management. The firm said it was making the move to manage an elevated level of redemption requests, ongoing loan obligations and active loan workouts. The impacted open-ended real estate funds are Trez Capital Prime Trust, Trez Capital Yield Trust, Trez Capital Yield Trust U.S. CAD, Trez Capital Yield Trust U.S. USD and Trez Capital Private Real Estate Fund Trust. “The temporary suspension of redemptions is a proactive measure designed to safeguard the long-term interests of our investors while preserving the flexibility of the Funds,” the company said in a Tuesday email to Bisnow. “Importantly, monthly distributions will continue as scheduled — consistent with Trez Capital’s nearly 30-year track record. We will manage this period with discipline and transparency while maintaining the stability that has defined Trez Capital through multiple market cycles.” -bisnow #commercialrealestate