Real estate asset manager Resource Real Estate, a subsidiary of Resource America, has launched a new fund which aims to provide long-term appreciation and low equity market correlation for investors looking to diversify their investment holdings.

The Resource Real Estate Diversified Income Fund seeks to give investors to access real estate investments in both listed and unlisted markets, via equity and debt securities, the firm said in a statement.

The firm said the fund’s portfolio may include publicly-traded REIT shares, private equity real estate investments, preferred shares of REITs and non-traded REIT shares purchased at net asset value or on the secondary market. 

Through an interval structure, the fund offers a liquidity feature of quarterly redemptions at net asset value of 5 per cent of the total outstanding shares.

The minimum investment for the fund is $2,500.

The fund is managed by real estate investment veteran Scott Crowe, who recently joined as a managing director. Crowe has 15 years of experience in real estate investing and was formerly global real estate portfolio manager at Cohen and Steers, where he was responsible for over $10 billion in institutional funds under management.