Heathley’s latest medical fund continues to grow

The Heathley Direct Medical Fund No.2 continues to grow and acquire healthcare and medical properties during its initial investment period.

The portfolio is now expected to be $252M, which is double the size when we last reviewed the Fund back in October 2017. The Manager is now targeting a portfolio of $300M in properties (previously $150M).

The Fund is seeking to raise over $28M to assist in the purchase of 3 assets as part of the portfolio of 11 properties across QLD, NSW and WA. Targeted distributions by the Manager are 5.75 - 6.25 cents per unit p.a.

Core Property has updated our review of the Fund based on the current portfolio and investment metrics.

The Fund is rated as RECOMMENDED.