Final answer:
Listed property trusts are traded on the stock exchange and provide higher liquidity compared to unlisted trusts, which are not traded on the stock exchange and do not offer the same level of liquidity.
Step-by-step explanation:
Listed and unlisted property trusts differ in their trading status and liquidity. Listed trusts are traded on the stock exchange, which means that investors can buy and sell shares of the trust publicly. On the other hand, unlisted trusts are not traded on the stock exchange and do not offer the same level of liquidity as listed trusts.
For example, if you have shares in a listed property trust, you can easily sell them on the stock exchange to other investors. This provides you with the ability to quickly convert your investment into cash if needed. However, with unlisted property trusts, there is no stock exchange market for trading the shares, making it more difficult to sell them and access your funds.
It is important to note that both listed and unlisted trusts can offer varying levels of transparency and are not necessarily solely determined by their trading status. Transparency can depend on other factors such as reporting requirements and disclosure practices of the specific trust.