Overview
A Portfolio Approach The General Partner’s objective is to create, over a period of time, a portfolio of healthcare facilities that provide exposure to this unique commercial property category. We are attracted to this sector by the long leases that are typically in place, the support provided to tenant revenues through government subsidies, and the essential services provided by tenants. The benefit for the Limited Partnership, and investors, is that properties with longer lease terms generally provide more certainty regarding future income streams, and quality properties servicing the healthcare sector have a low risk of obsolescence. With long leases in place, incremental growth in healthcare charges, and tenants motivated to remain in the healthcare facilities due to the foot traffic created by other adjacent healthcare businesses, the value of a portfolio of healthcare facilities could be expected to match, or better, average growth rates for commercial property portfolios. The portfolio approach also allows better loan-to-value ratios than could be achieved if the properties were acquired individually. This additional leverage improves investor returns by reducing overall cost of capital for the Limited Partnership. Target Returns The Limited Partnership will target distributions to investors of at least 5.75% per annum (Projected Cash Net Pre-Tax Annual Yield on Equity). Key highlights of this offer:
Financials
Investment Type:Wholesale
Wholesale Investment Type: NZ Wholesale MIS
Total Units/Shares:3850000
Min Investment Units/Shares:20000
Min Investment Value:NZD 20,000.00
Par Value:NZD 1.00
Establishment Date: 16 June 2022
Financial Year End: 31 March 2025
Market Snapshot
Last Traded Value:NZD 649.00
Last Traded Price:NZD 1.00
Last Traded Quantity:
Last Traded Date: 7 March 2023
Property Details
Contact
Document Name | Description | Date Uploaded |
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Erskine and Owen Limited
Traded Date | Traded Quantity | Traded Unit Price | Traded Value | Par Value | Trade Event |
---|---|---|---|---|---|
7 March 2023 | 211,039 Units | NZD 1.00 | NZD 211,039 | NZD 211,039 | Off Market Transfer |
7 March 2023 | 712,500 Units | NZD 1.00 | NZD 712,500 | NZD 712,500 | Off Market Transfer |
7 March 2023 | 77,110 Units | NZD 1.00 | NZD 77,110 | NZD 77,110 | Off Market Transfer |
7 March 2023 | 649 Units | NZD 1.00 | NZD 649 | NZD 649 | Off Market Transfer |
21 November 2022 | 50,000 Units | NZD 1.00 | NZD 50,000 | NZD 50,000 | Off Market Transfer |
3 October 2022 | 50,000 Units | NZD 1.00 | NZD 50,000 | NZD 50,000 | Off Market Transfer |
8 September 2022 | 50,000 Units | NZD 1.00 | NZD 50,000 | NZD 50,000 | Off Market Transfer |
2 September 2022 | 50,000 Units | NZD 1.00 | NZD 50,000 | NZD 50,000 | Off Market Transfer |
11 July 2022 | 50,000 Units | NZD 1.00 | NZD 50,000 | NZD 50,000 | Off Market Transfer |
11 July 2022 | 27,110 Units | NZD 1.00 | NZD 27,110 | NZD 27,110 | Off Market Transfer |
11 July 2022 | 22,890 Units | NZD 1.00 | NZD 22,890 | NZD 22,890 | Off Market Transfer |