Analysts have had mixed reactions to CDL Hospitality Trusts’ (CDLHT) announcement on August 31 that it  had entered into a land purchase agreement and a development funding agreement to invest in a residential build-to-rent (BTR) forward funding scheme in Manchester, UK, for GBP73.3 million ($136 million).

See: CDLHT pivots to BTR, acquires property in Manchester

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