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:50000
Min Investment Value:NZD 50,000.00
Par Value:NZD 1.00
Establishment Date: 16 June 2022
Financial Year End: 31 March 2023
Property Details
Contact
Document Name | Description | Date Uploaded | |
---|---|---|---|
E+O Healthcare Properties Fund LP IM -April 2022 | 33-35 Napier Road, Havelock North, Hawkes Bay | 15 April 2022 | Preview/Download |
Erskine and Owen Limited
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