Capital Management

Product

Manufactured Home Estates (Affordable Residential and Tourist Accommodation)

Returns

8-12%#, paid quarterly on cash flow, not capital gains

Distributions

Distributions paid to investors quarterly

Bond Proxy
  • Low volatility – no mark to market
  • Fixed rental income subsidised up to 50% by Commonwealth Rent Assistance
Risks
  • Government change in eligibility criteria for Commonwealth Rent Assistance or Age Pension
  • Interest rate movement
  • House price correction
Funding
  • Conservative debt equity ratio (less than 60% LVR)
  • Interest rate hedging over investment term
Fund Structure
  • Five year closed end fund
  • Stapled Structure
Responsible Fiduciary
  • Highly skilled and experienced team within asset acquisition across private and public property sectors
  • Stakeholdings and Directorships in not for profit sectors