Another property acquired

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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 in the property profiles section in due course.

At 31 December 2014 the Fund’s property portfolio totalled US$51.2m at cost. There is approx US$1.5m in cash reserves available to invest.

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.