TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd and managed by Thames River Capital LLP. It invests in European public equity markets, focusing on companies in the real estate sector, primarily growth stocks across all market capitalizations, and also makes direct property investments. The fund benchmarks its performance against the FTSE EPRA/NAREIT Developed Europe Capped Net Total Return Index. Formed in 1905, it is domiciled in the United Kingdom.