The company that backed Thind is under pressure too.
https://www.bnnbloomberg.ca/business...property-fund/
Bloomberg) --Real estate manager KingSett Capital Inc. suspended payments to investors in a large Canadian property fund, saying it needs to hoard cash as it deals with the consequences of the sector’s long slump.
The Toronto-based firm said holders of the KingSett Canadian Real Estate Income Fund won’t get any income distributions for the next year, nor will they be able to redeem their units. The private fund has a gross asset value of C$4.9 billion ($3.5 billion), which includes major office properties across Canada.