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.