123 Business Street, Suite 456New York, NY 10001, USA
Addressing the critical shortage of fit-for-purpose homes for people with disability.
Aiming to develop 60 high-quality, 2 participant, SDA homes across 30 sites in southern suburban Adelaide.
Strong Adelaide property market fundamentals provide potential for capital growth.
Target equity IRR of 14% pa over the term of the Fund. Target average annualised distribution yield of 15-16% per annum. (Net of fees and costs, and before tax).
Address critical shortage of high-quality, new build, Specialist Disability Accommodation in suburban Adelaide.
Government funded, CPI pegged rental income to SDA provider.
An investment approach that seeks to create value through pro-active risk consideration and management.
SDA houses which meet the relevant standards are eligible to be certified for 20-years upon completion under the New Build Pricing Arrangements. Only SDA houses which are certified and registered with the NDIS can be made available to eligible NDIS participants who receive government funding to support their rental payments.
Rental payments to the SDA Managers are indexed to CPI, which helps preserve the real value of returns by providing some protection against inflation.
An investment in the Fund is an investment in a develop and hold opportunity, with no fixed Investment Term. The Investment Manager anticipates that the investment term will continue for approximately 7-9 years from the closing date of the offer.
If the Fund achieves its target capital raise of $46m, it is anticipated that the SDA homes developed by the Fund will house approximately 120 NDIS participants.
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