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.
In contrast, on Nov 26, Hazelview bought nearly 3.48 million units at 80.5 cents.
Scroll to continue
Daiwa House Logistics Trust closed Jan 20 at 82 cents.
