Core Property has reviewed the Australian Unity Childcare Property Fund, the latest unlisted property fund offering from Australian Unity Funds Management.
The Fund seeks to provides an investment in a diversified portfolio of childcare centres located across Australia.
Established in late 2021, the Fund is undertaking its second capital raising to raise $40M to further expand its portfolio. The Manager is looking to build the portfolio to over $250M of childcare centres in the next 3 years.
The Manager is targeting distributions of 4.6% - 5.1% p.a. in FY23 - FY24. Once the portfolio is stabilised, distributions are expected to be 5.5% - 6.5% p.a. from FY25 onwards.
Core Property has rated the Fund as RECOMMENDED.
The Fund is available to wholesale investors, with a minimum investment of $50,000.