About the Fund
The Fund is an unlisted property scheme that will invest in a diversified portfolio of commercial properties located in the USA through a USA-based real estate investment trust (REIT).
The minimum initial investment in the Fund is $10,000 (with increments of $1,000 thereafter) and an investment in the Fund should be viewed as medium to long-term with a suggested investment period of between five and ten years.
The Fund’s investment objective is to generate income in the short-term, with the potential for capital growth over the medium to long-term, as and if the USA economy improves.
The Fund will aim to achieve its investment objective through exposure to the USA commercial property market. The Fund will gain such exposure via a USA-based real estate investment trust (REIT) controlled by the Responsible Entity. It is intended that the REIT will be classified as a ‘real estate investment trust’ for USA federal income tax purposes.
The Responsible Entity will seek to generate income and value for the Fund in the form of:
- rental income from tenanted properties;
- capital growth resulting from improvements in economic conditions including real estate markets;
- capital growth resulting from initiatives instigated by the Responsible Entity and/or the REIT to improve the desirability and capital value of particular properties (such as refurbishments).