Ascott Residence Trust (ART) is the first pan-Asian serviced residence real estate investment trust (REIT) established with the objective of investing primarily in real estate and real estate-related assets which are income-producing and which are used or predominantly used, as serviced residences or rental housing properties in the pan-Asian region. ART was listed on the mainboard of the Singapore Exchange on 31 March 2006.
Comprising an initial asset portfolio of 12 strategically located properties in seven pan-Asian cities, ART was listed with an asset size of about S$856 million. As at 01 April 2009, ART’s portfolio has expanded to 38 properties with 3,642 units in 11 cities across seven countries, with a total portfolio asset value of S$1.53 billion.
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