I’m pleased to advise that the profiles for every property in the Fund have now been updated / uploaded as appropriate. You can check them out by visiting this page: https://www.passiveincomefund.com/property-profiles-page/ Regards, – Steve McKnight

If you’re planning on investing in the Fund then take note that we must have received your application form, ID and investment sum before midnight 30 June 2014 – the deadline to take action before the Fund ceases processing applications until the final round of capital raising begins at a date yet to be determined.

Here’s some more great news for Fund investors. We’ve just received an independent appraisal on a property we are hoping to buy for the fund (and is in the final stages of due diligence) that has come in at $950k more than our acquisition price. That ought to bring a smile to every Fund’s investor’s…

If you are planning to invest in the Fund and want to do so before the next round of property revaluations flow through to the unit price then please be sure to submit your application form, ID and investment sum before before the 31 May. While we prefer original application forms and certified IDs, emailed…

I’m pleased to report that we have now closed on the latest acquisition for the Fund: an 29,800 square foot flexible-tenant industrial building in Cape Coral (Ft Myers) Florida. The property was acquired for $900,000, or $30.20 per square foot. This represents excellent value for money as the building has been insured for estimated replacement…

April was a very busy month for the Fund with more than $5m on new investor and top up applications being received. Clearly investors wanted to take advantage of the opportunity to get in ahead of the portfolio revaluation (due May & June). The Fund is now at approx $46.5m in unitholder funds – a…