Cornerstone investor in Daiwa House Logistics Trust cuts stake at 81 cents

The trust was offered at 80 cents per unit.

Hazelview Securities is part of Hazelview Investments, a US-based investor focusing on real estate.

With the sale, Hazelview is left with nearly 40.4 million units, or 5.98%, from nearly 47.2 units earlier, or 6.99%.

This wasn't the first time Hazelview sold. On Dec 15, it sold 157,800 units at an average of 80.9 cents each.

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In contrast, on Nov 26, Hazelview bought nearly 3.48 million units at 80.5 cents.

Daiwa House Logistics Trust closed Jan 20 at 82 cents.