In an effort to deliver better efficiencies we have decided to change auditors in an effort to have the one firm audit our US and Australian operations. The swap over is well under way and it is a requirement that I formally notify you that the existing auditor has voluntarily resigned, and that we have…

The economists at Wells Fargo have reported continued good jobs growth in the States where the Fund owns real estate. Georgia (April 2016) Georgia continued to add jobs in April, with nonfarm employment rising by a solid 10,600 jobs. More than two-thirds of that gain came in professional & business services, which is a broad…

Since early February the AUD has appreciated sharply against the USD. This appreciation will have a material impact on the unit price as the Fund does not presently hedge its foreign currency exposure. The exact impact will be calculated at each month end when the Fund’s US assets are re-priced at the prevailing AUD:USD exchange…

I’m pleased to advise that the external audit of the Fund’s financial statements for the six months ended 31 December 2015 is now complete. Please note that the Fund changed its financial year end from 30 June to 31 December, so although the current period is for six months, the comparative period is 12 months…

A new and exciting feature has just been released – the investor portal. Clicking the ‘Investor Portal’ link on the top of every page will now take you to a special log in page. Once logged in you will be able to access a range of historical information unique to your investment, such as holding…

As of this morning we have (again) reached our Unit Holder cap of $75m. Accordingly we are now closed to new and top up applications until after the next redemption period scheduled for September / October 2016. The distribution reinvestment plan will remain open. Behind the scenes we are working on completing the December property…