Community and Social Services Property Fund (Fund) is a multi-asset, open-end unlisted property fund that will focus on investing in assets that provide basic goods and services to our community. Be it the local doctor, childcare centre, affordable housing or neighbourhood convenience and grocery store, these properties meet the important needs of day-to-day life.

The Fund aims to provide investors with regular and stable income with the potential for capital growth through an investment in a diverse portfolio of real estate investments tenanted by operators providing community and social services.  

The Fund will target real estate assets underpinned by leases to tenants who focus on providing basic goods and services that, by their very nature, are essential for the community’s day-to-day living. The Fund’s investment strategy includes property types with tenants providing the following community or social services: 

• Childcare and education. 
• Health, wellbeing and fitness. 
• Specialist welfare, social welfare and affordable and community housing. 
• Community services. 
• Neighbourhood retail. 

Fund strategy

To complement the property sector benefits, the Fund strategy is to:

• invest in assets with experienced operators; 
• build diversification by location, usage and tenant; 
• acquire property with contracted long-lease tenure to drive regular and reliable income;
• work within the target gearing range of 35% to 49%;
• pursue a balanced acquisition policy with established assets; 
• undertake development opportunities, where appropriate; and
• actively review the Fund portfolio and divest non-core or sub-optimal assets where appropriate.

Limited withdrawal facility

The Fund intends to offer regular capped withdrawal opportunities commencing on the third anniversary of the Fund, subject to available liquidity. To assist in providing the regular capped withdrawal opportunities, the Fund will hold some investments in A-REITs, cash and cash-like products. 

Important information

• The target income range of 5.00% to 5.50% pa is a guide only; it is neither a forecast nor a guaranteed return.
• Annual and monthly income distribution rates can vary.
• See the Product Disclosure Statement for more information and a summary of the main risks of an investment in the Fund.