1. ___________ funds take on risks by conducting ground up development projects that expose the funds to additional construction risks, such as entitlements, construction delays, cost overruns, complex JV management issues, and so on, and use a relatively high degree of financial leverage.
Core
Opportunity
Value-add
Core Plus
2. Which type of fund structure would investment managers be likely to use in order to raise a specific amount of capital over a specific period of time?
open-end fund
closed-end fund
finite fund
liquidation fund