Liquid Realty co-managing partner Jeff Giller tells GlobeSt.com that the company acquired minority interests in Jersey Property Unit Trusts that are limited partners in UK-based real estate funds managed by Schroders, British Land, Lend Lease and Grosvenor. The underlying real estate assets are 200 retail, office and industrial properties located throughout the UK.

"It's common in UK for investors and real estate partnerships to hold their interest through an offshore trust because it is a very easy type of instrument to buy and sell," Giller tells GlobeSt.com. "JPUT is such a trust."

A number of the underlying assets in the transaction are trophy properties well-known by European institutional investors. Two of those are Bluewater, the largest and most visited shopping mall in the UK, and Paddington Central, a premier office development adjacent to Paddington Station in central London.