Is Equiton Investment halal?

Salamun alaikum. Can you tell me if Equiton’s Apartment Fund (Residential Income Fund) qualifies as halal / sharia-compliant?

They offer a private REIT investing in and upgrading condos/apartment buildings and investors earn monthly distributions from the rent and property appreciation, not through interest on lending. The fund (as of Oct 2023) was at 55% cash ownership with the remaining 45% in debt (loans). I was informed their loan payback is on a 3% rate (considerably lower than current bank rates) and on a 7-year term.

Unlike the residential (apartment) fund, their other investment offerings deal with commercial development and income fund (which does involve profiting on lending).