Centuria Diversified Property Fund
About this Fund
|FUND MANAGER||Centuria Property Funds Limited|
This account is Closed
An open-ended unlisted property fund with daily unit pricing and a limited quarterly liquidity facility appealing to investors wishing to access Centuria’s property investment capabilities via a single stapled fund
Provide investors with stable income returns and the potential for capital growth by investing directly and indirectly in a diversified property portfolio.
|BENCHMARK||ASX 200 A-REIT TR|
|FUND SIZE||ASX 200 A-REIT TR|
|DISTRIBUTION FREQUENCY||Monthly, otherwise Reinvested.|
|NO. OF HOLDINGS||$6.83 million (as at 31 Dec 2016)|
|FEES||0.8% per annum|
Investing in the Fund offers a number of benefits, including:
Only suitable for consumers who have received personal advice and wish to invest for the long term with medium risk.
Withdrawals and liquidity - The Manager intends to offer a periodic liquidity event at the end of each five year investment term where, subject to its obligations under law, the Manager will use reasonable endeavours to provide liquidity to Investors wishing to redeem all or some of their investment in the Fund.
Reporting - Investors will receive quarterly updates on the Fund, monthly factsheets (which contain information regarding the Fund's current investments), annual management reports (including audited financial statements) and an annual taxation statement.
Custodian - Perpetual Corporate Trust Limited has been appointed as the custodian for each Trust.
Cooling-off - A cooling-off period of 14 days applies to investments in the Fund by direct Investors who are retail clients pursuant to the Corporations Act. No cooling-off period applies to investments by direct Investors who are Wholesale Clients.
Valuation policy - The Manager maintains and complies with a written valuation policy for the valuation of property assets held by its property funds. Under the valuation policies, direct properties of the Fund will be independently valued at least once every 24 months. An updated valuation will be obtained within two months of the directors determining that there is likely to be a material change in the value of a property.
Gearing - The Fund may borrow to acquire direct property assets. The Fund may also invest in unlisted funds that are already geared. Gearing on a look-through basis will not exceed 50%.