RAM Essential Services Property Fund (ASX: REP) is an Australian Real Estate Investment Trust listed on the ASX and invests in high quality Australian medical and essential retail real estate assets, leased to essential services tenants.
The Fund’s objective is to provide investors with stable and secure income with the potential for both income and capital growth through an exposure to a high quality, defensive portfolio of assets with favourable sector trends.
The Fund is actively and professionally managed by RAM which has proven property expertise and a strong track record of delivering stable and growing returns through a hands-on and active management approach.
The Fund (ASX: REP) consists of a geographically diversified and defensive portfolio of medical and essential retail based properties, underpinned by a high-quality tenant profile including leading national supermarkets and private hospital operators, and offers growth opportunities through significant value-add development potential.
Create Australia’s leading Essential Service property fund with robust, reliable and growing cash flows generated by essential services tenants to provide investors with defensive and attractive income and a growing asset base.
An active asset management strategy with an ongoing assessment of leasing opportunities, repositioning potential, capital expenditure requirements and engagement with tenants.
Aims to provide investors with earnings and capital upside through delivering the Fund’s value-add development pipeline.
Selectively acquire high quality assets in line with the Fund’s essential services theme that are predominantly leased to tenants with strong covenants on long-term leases.
Secure, defensive and high quality long-term income profile underpinned by leading national supermarkets and private hospital operators.
With its strong fundamentals, embedded portfolio growth levers and an active value-add development pipeline.
Benefit from our deep sector expertise and sophisticated management approach.
For up to date details click here - Portfolio List
At IPO | 31 Dec 21 | 30 June 22 | 30 June 2023 | |
Number of Properties | 33 | 33 | 35 | 35 |
Total Property Value | $706.3m | $736.9m | $798.2m | $786.5 |
WACR | 5.85% | 5.64% | 5.45% | 5.68% |
Occupancy | 99% | 99% | 99% | 98% |
Medical Income | 45% | 46% | 50% | 48% |
Essential Retail Income | 48% | 48% | 48% | 46% |
Proportion of income subject to annual rental increases | 85% | 85% | 90% | 87% |
*Investment returns are not guaranteed. Actual returns may differ from target returns for a range of factors including investment performance, taxation and indirect costs. The information contained herein does not have any regard to the specific investment objectives, financial situation or the particular needs of any person. This material has been prepared by RAM Property Funds Management Ltd (ABN 28 629 968 163; AFSL 514484) for informative and illustrative purposes only and should not be construed as legal, tax, investment or other advice. This material does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. All investments involve the potential for a loss of capital. Prospective investors should seek separate, independent financial and professional advice if required prior to making an investment to assess the suitability, lawfulness and risks involved. Indications of, and guidance on, future earnings and financial position and performance are “forward-looking statements”. Due care and attention has been used in the preparation of any forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the RAM Group, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. Except as required by law, the Group does not undertake any obligation to publicly update or review any forward – looking statements, whether as a result of new information or future events.
RAM Property Funds Management Ltd does not receive fees in respect of the general financial product advice they may provide, however entities within the RAM Group will receive fees for operating the stapled trusts comprising the RAM Essential Services Property Fund (Stapled) which, in accordance with the constitutions, are calculated by reference to the value of the assets of the Stapled Trusts. Entities within the RAM Group may also receive fees for managing the assets of, and providing resources to the Stapled Trusts. For more detail on fees, see our PDS.
Real Asset Management (‘RAM’) is an Australian alternative asset manager, providing investment solutions in Credit, Real Estate, and Private Equity markets, for institutions and wealthy families globally.
RAM was founded in 2010 and has a pan-Asia presence of 5 offices in Sydney, Melbourne, Brisbane, Shanghai and Hong Kong. RAM provides more than 15 investment strategies and has a team of over 100 finance professionals managing in excess of A$4.3bn in assets.
We provide a global set of investment solutions through our group companies licensed by the Australian Securities and Investment Commission of Australia (AFSL 484263), and the Securities & Futures Commission of Hong Kong (CE BGL803).
All numbers as of 31st December 2023, unless otherwise indicated.
Greg has over 35 years of experience in property investment, development, asset and funds management.
Greg has had an extensive background in retail, commercial and industrial assets over his career and has led teams to complete major transactions and many successful property developments. Greg was Chief Operating Officer of Scentre Group until his retirement (2015-2019). Prior to this Greg was a part of Westfield Corporations Executive Leadership team and was President and Chief Operating Officer Westfield Group’s US business (2012-2015).
Greg is currently a Non-executive director of IP Generation Pty Ltd, Non-executive director and Chairman of Till Payments Global Pty Ltd, Non-executive director and Chairman of Shape Australia Corporation Ltd (ASX: SHA) and was previously a director of the Shopping Centre Council of Australia.
Marianne has over 26 years of experience in executive roles and Board positions in the Banking and Financial Services industry in wealth management, financial advice and private banking across Australia, Hong Kong and Singapore.
Over the last decade, Marianne held a number of Executive General Manager positions with the Commonwealth Bank, including Private Bank, Wealth Management Advice and General Manager of Distribution at Colonial First State. Alongside her executive career she has also served as a director on a number of Boards, including subsidiaries of CBA, Trustee Boards and as a Committee Member for Non for Profit Organisations and Industry Associations. Marianne currently is a non-executive director, of Commonwealth Private Limited, a wholly owned subsidiary of Commonwealth Bank of Australia; non-executive director of Alpha Vista financial Services Limited, a fintech asset management business and is an Audit and Risk Management Committee Member of Luminesce Alliance.
Marianne holds a Bachelor of Economics with a Business Law major from Macquarie University and a Master of Business Administration from the Macquarie Graduate School of Management, she is a Graduate of the Australian Institute of Company Directors and a member of Chief Executive Women.
Bryce is a well-known veteran in the property industry and has more than 30 years’ experience in various capacities including valuing, transacting, investing and developing a broad range of property types including retail, office, industrial, residential, childcare and healthcare real estate in Australia.
In February 2019, Bryce retired from his role of managing director at Arena REIT Limited (ASX Code ARF), a social infrastructure property business he co-founded and listed some years earlier. For the five years until his retirement, Arena was the highest performing ASX300 A-REIT in the market.
Bryce holds a Bachelor of Economics (Accounting), Bachelor of Business (Property) and Graduate Diploma of Applied Finance and Investment.
Scott has over 26 years of experience in global wealth management and corporate banking working for top tier global banks in Australia, London and Hong Kong.
Prior to founding Real Asset Management, Scott was a Managing Director and Head of Banking Products International for UBS Wealth Management (“UBS WM”), leading a team of 17 countries.
Over his 13-year career with UBS WM, Scott held various roles including Head of Banking Products in the United Kingdom, and Head of Banking Products Asia Pacific.
Prior to joining UBS WM, Scott began his finance career in corporate banking with National Australia Bank in Brisbane, Australia.
Scott holds a Bachelor of Commerce from Griffith University Australia, and an Executive MBA jointly from Kellogg Business School and the Hong Kong University of Science and Technology.
Scott has over 30 years of experience in Global Wealth Management and Asset Management, working for top tier financial institutions in Australia and the United Kingdom.
Prior to joining Real Asset Management, Scott was managing director and Head of Investment Products and Services for UBS Wealth Management Australia. There he oversaw the entire product offering for Australia’s premier wealth manager with $24 billion of assets under management. Scott has also held the position of national sales director for Macquarie Private Wealth Australia and, prior to this, Scott co-founded and was managing director of Corazon Capital (Jersey) Limited, a specialist wealth and asset management business based in Jersey.
Scott was also the Joint Head of Private Clients at Kleinwort Benson, after starting his financial career with Mercury Asset Management in London.
Scott holds a B.A. (Hons) degree in Business Management from the University of Leeds and is a Diploma Qualified Member of the Chartered Institute of Securities & Investment, UK.
Scott has over 26 years of experience in global wealth management and corporate banking working for top tier global banks in Australia, London and Hong Kong.
Prior to founding Real Asset Management, Scott was a Managing Director and Head of Banking Products International for UBS Wealth Management (“UBS WM”), leading a team of 17 countries.
Over his 13-year career with UBS WM, Scott held various roles including Head of Banking Products in the United Kingdom, and Head of Banking Products Asia Pacific.
Prior to joining UBS WM, Scott began his finance career in corporate banking with National Australia Bank in Brisbane, Australia.
Scott holds a Bachelor of Commerce from Griffith University Australia, and an Executive MBA jointly from Kellogg Business School and the Hong Kong University of Science and Technology.
Scott has over 30 years of experience in Global Wealth Management and Asset Management, working for top tier financial institutions in Australia and the United Kingdom.
Prior to joining Real Asset Management, Scott was managing director and Head of Investment Products and Services for UBS Wealth Management Australia. There he oversaw the entire product offering for Australia’s premier wealth manager with $24 billion of assets under management. Scott has also held the position of national sales director for Macquarie Private Wealth Australia and, prior to this, Scott co-founded and was managing director of Corazon Capital (Jersey) Limited, a specialist wealth and asset management business based in Jersey.
Scott was also the Joint Head of Private Clients at Kleinwort Benson, after starting his financial career with Mercury Asset Management in London.
Scott holds a B.A. (Hons) degree in Business Management from the University of Leeds and is a Diploma Qualified Member of the Chartered Institute of Securities & Investment, UK.
Matthew has over 26 years of experience in Global Real Estate markets across real estate development, investment and funds management disciplines.
Prior to joining the Real Asset Management team as Head of Real Estate, Matthew was a Global Director and Head of Funds Management at QIC Global Real Estate, with responsibilities for Australian and United States capital transactions, wholesale funds and client mandates. As part of the leadership team at QIC Global Real Estate, Matthew oversaw all of the group’s direct and unlisted investment activities and established QIC’s offshore capabilities in the United States. During his 19 years at QIC, Matthew was part of both the development and asset management teams and capital transactions prior to leading the funds management group. Prior to joining QIC, Matthew worked for Lend Lease Development in various development roles in Australia.
Matthew holds degrees in Commerce, majoring in Finance, and Information Technology, majoring in Statistics and Applied Mathematics from Bond University, achieved through a Vice Chancellor’s scholarship.
Doug has over 11 years of experience in commercial real estate having previously worked for JLL (Jones Lang LaSalle) and Urbis.
Prior to joining Real Asset Management, Doug worked as a Senior Executive in Capital Markets – Retail Investments at JLL with direct involvement in more than $1.75 billion in real estate transactions including a number of record sales results for Queensland assets. Doug was also a Senior Consultant in the Strategic Consulting business at JLL and Consultant at property advisory firm Urbis. He specialised in development and infrastructure advisory, structured transactions and economic and financial modelling providing him with an exceptional understanding of property fundamentals, transaction structures and economic trends.
Doug holds a Bachelor of Commerce majoring in Finance and a Bachelor of Business Management majoring in Real Estate and Property Development from the University of Queensland.
Sam has over 15 years of experience in Commercial Real Estate having previously worked for CBIC (City of Brisbane Investment Corporation), Vicinity Centres and Urbis.
Prior to joining Real Asset Management, Sam was Portfolio Manager for CBIC overseeing the retail portfolio and heading up the fund and investment analytics function of the business. He worked across all facets including capital transactions, development, asset management, lending, research and fund analytics. Prior to joining CBIC, Sam was a Senior Property Analyst for Vicinity Shopping Centres, the second-largest retail landlord in Australia. He was responsible for delivering strategic advice to the development, leasing, capital transaction and shopping centre management teams across the 100-centre national portfolio. Sam was also previously an Associate Director for advisory firm Urbis, specialising in retail shopping centre and mixed use development strategy. Sam managed the delivery of over 200 projects across the private and public sectors.
Sam holds a Bachelor of Business management majoring in Real Estate and Property Development from the University of Queensland.
David has over 20 years of experience running finance and operations teams in Asset Management.
Before joining Real Asset Management Group, David was Head of Alternatives for State Street, where he was responsible for launching and building the Alternatives servicing business in Australia. Prior to this he spent 14 years in London where he was Finance Director of the Private Markets business at Hermes Investment Management, having initially qualified as a Chartered Accountant at Deloitte in Melbourne.
David holds a B.Com from the University of Western Australia and is a member of Chartered Accountants Australia & NZ.
Peter has over 25 years of experience as a Finance and Property professional, having worked within C-suite and executive leadership teams across both private and ASX listed Groups. He possesses advanced financial acumen and Treasury & Debt Management skills, complemented by proven experience spanning multiple asset classes.
Prior to joining RAM, Peter served as the Chief Financial Officer at a prominent and diverse private property group, overseeing financial functions, capital management, reporting, budgeting, and tax activities. His previous 7-year tenure at Decmil involved various roles in the senior leadership team, where he held responsibility for all property and real asset interests for the Group. He has also held senior roles at institutions such as Stockland, Morgan Stanley Real Estate, Marcol Property Group, among others.
Peter holds a Bachelor of Commerce from the University of Queensland and is a Certified Practicing Accountant (CPA) and a Graduate if the Australian Institute of Company Directors.
Andrew holds the position of Head of Finance – Real Estate. Andrew has over 20 years of multi-discipliniary experience in finance, analytics, operations and technology.
Prior to joining Real Asset Management Group, Andrew was the Chief Financial Officer at McConaghy Properties, where he spearheaded both the finance and technology functions. Before that, he was based in Sydney and served as the Deputy CFO at 151 Property, a Blackstone Portfolio Company. He has also held various key positions at industry-leading firms such as Stockland, Dexus, and Balmain NB, focusing on Real Estate, Investment Banking, Private Equity, and Fund Management.
Andrew holds a LLB Laws, B Business Accountancy from Griffith University and is a member of Chartered Accountants Australia & NZ.
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