Centuria Healthcare Property Fund
The Fund aims to provide monthly tax-effective income and long-term capital growth by investing in the healthcare sector underpinned by long term leases to a range of reputable healthcare operators.
The fund is open to accept applications from Monday 24th July to Friday 18th August (4 weeks).
The Centuria Healthcare Property Fund (Fund) aims to provide monthly tax-effective income and long-term capital growth by investing in the healthcare sector underpinned by long term leases to a range of reputable healthcare operators.
The Fund invests across a range of healthcare properties, providing diversification by property type, healthcare sector, geographic location and tenancy mix. The Fund’s strategy is to own healthcare properties that have stable earnings profile with long-term leases to reputable healthcare operators. To assist with liquidity and returns, the Fund also holds cash, cash-like products and listed healthcare real estate investment trusts.
The Fund is a multi-asset, open-ended unlisted property fund investing in healthcare property\ both directly and indirectly (through other Centuria unlisted healthcare property funds), A-REITs, cash and cash-like products.
The Fund’s strategy is to:
Invest in a quality portfolio of strategically located Australian healthcare properties;
- Diversify the portfolio by location, property type, tenant and healthcare use;
- Own properties that have a stable earnings profile, with rental income underpinned by long-term leases with reputable healthcare operators;
- Adhere to a prudent capital structure and capital management strategy, with target look-through Gearing between 35% to 49%;
- Pursue acquisition, divestment and investment opportunities, utilising Centuria healthcare sector relationships and expertise; and
- Continue to assess Development opportunities, and where appropriate, undertake developments to increase the potential of the portfolio.
The Fund may acquire healthcare properties directly or by investing in other unlisted healthcare property funds. Please note, the Fund will only invest in other healthcare property funds managed by the Manager or a related entity. The Fund may also consider stapling the Fund with other Centuria healthcare funds.
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Centuria Capital Group (ASX:CNI) is an ASX-listed specialist investment manager with a 35 year track-record of delivering a range of products and services to investors, advisers and securityholders. Centuria Capital Group has $20.2b in Assets Under Management (AUM). Our business is centred around property funds management and investment bonds.
Our business has two key areas of focus:-
- Centuria Property Funds which specialises in listed property funds (A-REITs) and unlisted property funds (including the Centuria Diversified Property Fund and Centuria Healthcare Property Fund); and
- Centuria LifeGoals Investment Bonds which deliver innovative solutions to help clients meet their investment goals.
The Managers, CPFL and Primewest, are wholly-owned subsidiaries of Centuria Capital Limited and part of Centuria, which has over $20 billion of assets under management. Centuria is highly regarded and experienced in real estate investment, managing real estate assets on behalf of retail and institutional Investors through a number of closed and open-ended funds and ASX listed A-REITs. Centuria has extensive experience in managing commercial and industrial property investments and a successful track record of delivering strong investor returns for over 20 years.
Andrew Hemming was appointed Managing Director of Centuria Healthcare in August 2013 and is responsible for the day-to-day leadership and management of Centuria Healthcare.
Prior to his appointment he was an Investment Specialist – Real Estate Funds with Folkestone Limited. Andrew has 17 years’ experience in investment markets with leading international financial institutions including HSBC, Merrill Lynch and BNP Paribas.
Andrew has received a Bachelor of Arts (Commerce) and Master of Business Administration from Macquarie University.
John joined the Centuria Board (formerly Over Fifty Group) on 10 July 2006. He was appointed as Chief Executive Officer of the Over Fifty Group in April 2008. John was also a founding director and major shareholder in boutique funds manager Century Funds Management, which was established in 1999 and acquired by Over Fifty Group in July 2006.
Prior to forming Century, John founded property funds manager Waltus Investments Australia Limited and Hanover Group Pty Limited a specialised property consultancy. Waltus was formed in 1995 and was one of the first dedicated property funds managers in Australia. Prior to 1990 John held senior positions in a number of property development and property investment companies in Australia, New Zealand and the United Kingdom.
John holds a Diploma in Urban Valuation (University of Auckland).
Jason became the Centuria Group Joint CEO in June 2019 after previously leading Centuria’s Real Estate and Funds Management business. Jason was also a founding director and major shareholder in boutique funds manager Century Funds Management, which was established in 1999 and acquired by Over Fifty Group in July 2006. He is an Executive Director of Centuria Capital Group. In his role he is responsible for providing strategic leadership and ensuring the effective operation of Centuria’s real estate portfolio and funds management operations.
Jason has extensive experience in the commercial property sector, with specialist skills in property investment and funds management. He is also a past President of the Property Funds Association (PFA), which represents the $125 billion direct property investment body in Australia and continues to serve on their national executive.
Jason holds a Bachelor of Commerce (Commercial Law) from the University of Auckland, New Zealand.
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