AUSTRALIAN Institute of Property Management has sold $1.6 million of its rent roll.
The company has flagged a further $1 million of sales.
At the start of the sale process there were approximately 1,000 properties under management.
So far, the company has reported 620 unconditional sales; 170 are subject to finance approval 170 and currently 210 properties remain unsold.
The proceeds of sale have reduced the ANZ facility to less than $170,000.
Australian Property Journal
