The Passive Income (USA Commercial Property) Fund is now open to new and top up applications. All investors who submit a completed application form before 5pm on the 27th February will receive a 10% discount off the normal contribution fee. Furthermore, all completed applications received in the first 20 calendar days will receive 6% pa…
US Dividend Paid
Ozinus Realty LLC (the REIT) today paid a dividend to the Passive Income (USA Commercial Property) Fund of US$753,758. Translating this amount into AUD, the dividend banked will be $930,414. The actual dividend declared for the year ended 31 December 2014 was $915,000 and represents 90% of the REITs US taxable income. After deducting withholding…
Another property acquired
I’m pleased to advise that the Fund acquired its third property in Georgia after closing on ‘McDonough Exchange’ – a multi tenant industrial property at 1461-1473 Hwy 20, McDonough, GA, 30253. The purchase price was US$2.8m – a healthy discount to the independently appraised price of US$3.5m. More information about the property will be released…
McDonough Inches Closer To Closing
The latest property the Fund is looking to acquire is inching closer to passing due diligence. In particular, the property has been independently appraised at $3.5m, which is $700,000 above the agreed purchase price of $2.8m. In order to pass due diligence the building and environmental inspections need to come back clean, and the legals…
December Fund Update
The Fund continues to perform well and has been benefiting greatly by the fall in the AUD:USD. The unit price is now knocking on the door of $1.20 per unit, which is a tremendous result given we’re barely out of the acquisition phase. ======================= 2. Property Profiles Updated ======================= If you’re interested in casting your…
Florida Economic Report
I’m pleased to provide a link to a Florida Property market overview for Lee County (where many of the Fund’s properties are located), commissioned as part of the Director’s December 2014 assessment of Fair Market Values. Read the report here Pleasingly the findings indicate the Florida property market is experiencing continued good growth as evidenced…
General Advice Warning: This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement (dated 4 July 2018) issued by Plantation Capital Limited ACN 133 678 029 AFSL 339481 in deciding whether to acquire an interest in the Passive Income (USA Commercial Property) Fund. PropertyInvesting.com Pty Ltd is an authorised representative of Plantation Capital Limited ABN 98 096 059 353, AFSL 339481. Past performance is not a guarantee of future performance.