Core Property has reviewed the BTR Residential REIT, an unlisted open-ended property fund by newly established fund manager, ARBT Funds Management.
The Fund provides an opportunity to invest in the Build To Rent residential property sector, through a structure that includes a development margin in addition to ongoing rental income.
The Fund is targeting a $132.8M portfolio of five residential developments in the next three years. The multi-storey residential apartments will be completed using ARBT's patented prefabricated construction technique, which is designed to reduce construction time and lower costs.
The Manager is seeking to raise $50.0M through the issue of 25M units priced at $2.00 per unit. The Offer is available to wholesale investors only with a close date of 31 August 2021
The Fund has been rated as APPROVED.
(Note: The Offer close date has been extended to 31 August 2021. The Manager may close the Offer earlier or may extend the Offer, subject to demand.)