Managed Funds Overview
Residences Fund No.3
| Fund name | Residences Fund No.3 |
| Fixed term fund | Closed for investment |
| Total return* | 20% p.a. (since November 2014) |
| Gross asset value | $19.0m |
| Asset address | Ingenia Lifestyle Coastal Palms |
| Overview |
The Residences Fund No. 3 (“Fund”) owns Coastal Palms, a long-term residential and annuals community located in Shoalhaven Heads on the New South Wales South Coast. The focus for this asset is on delivery of stable rental returns and development profits on conversion of annual sites to residential homes.
*Based upon the IRR from fund inception and initial investment into the fund. The return is calculated at a point in time and will fluctuate when distributions are paid or where there has been a change in the underlying value of the asset. |
Residences Fund No.4
| Fund name | Residences Fund No.4 |
| Fixed term fund | Closed for investment |
| Total return* | 14% p.a. (since December 2014) |
| Gross asset value | $7.2m |
| Asset address | Ingenia Holidays Landsborough |
| Overview |
The Residences Fund No. 4 (“Fund”) owns Ingenia Holidays Landsborough, a mixed-use community located on Queensland’s Sunshine Coast. The focus for this asset is on delivery of stable rental returns and increasing revenue from tourism operations.
*Based upon the IRR from fund inception and initial investment into the fund. The return is calculated at a point in time and will fluctuate when distributions are paid or where there has been a change in the underlying value of the asset. |
Residences Fund No.5
| Fund name | Residences Fund No.5 |
| Fixed term fund | Closed for investment |
| Total return* | 18% p.a. (since August 2015) |
| Gross asset value | $15.3m |
| Asset address | Ingenia Holidays Shoalhaven Heads |
| Overview |
The Residences Fund No. 5 (“Fund”) owns Ingenia Holidays Shoalhaven Heads (formerly Tall Timbers), a mixed-use community located at Shoalhaven Heads. The focus for this asset is on delivery of stable rental returns and increasing revenue from tourism operations.
*Based upon the IRR from fund inception and initial investment into the fund. The return is calculated at a point in time and will fluctuate when distributions are paid or where there has been a change in the underlying value of the asset. |
Residences Fund No.7
| Fund name | Residences Fund No.7 |
| Fixed term fund | Closed for investment |
| Total return* | 15% p.a. (since July 2016) |
| Gross asset value | $28.5m |
| Asset address | |
| Overview |
The Residences Fund No. 7 (“Fund”) owns two mixed use communities, at Wairo Beach and Tomakin on the New South Wales South Coast. The focus for these assets is on delivery of stable rental returns and increasing revenue from tourism operations.
*Based upon the IRR from fund inception and initial investment into the fund. The return is calculated at a point in time and will fluctuate when distributions are paid or where there has been a change in the underlying value of the asset. |
Residences Fund No.8
| Fund name | Residences Fund No.8 |
| Fixed term fund | Closed for investment |
| Total return* | 12% p.a. (since April 2017) |
| Gross asset value | $10.3m |
| Asset address | Ingenia Holidays Moruya |
| Overview |
The Residences Fund No. 8 (“Fund”) continues to own the Moruya mixed-use community located on the New South Wales South Coast. The focus for this asset is on delivery of stable rental returns and increasing revenue from tourism operations.
*Based upon the IRR from fund inception and initial investment into the fund. The return is calculated at a point in time and will fluctuate when distributions are paid or where there has been a change in the underlying value of the asset. |
