Core Property reviews the MA Prime Logistics Fund by Moelis

Core Property has reviewed the MA Prime Logistics Fund, a new unlisted property fund offering from Moelis Australia.

The Fund is an open-ended unlisted property fund that invests in a portfolio of institutional quality industrial and logistics assets in Australia.

The Manager is offering units in the Fund based on a Daily Unit Price of $1.00 per unit, as at 1 March 2021.

The key features of the Fund include:
  • An initial portfolio of 2 logistics assets in SA with plans to acquire further assets over time.
  • 100% occupancy with a long Weighted Average Lease Expiry (WALE) of 13.3 years
  • Targeted distributions of 6.0% in 2021.
  • An initial Fund term of 5 years, with limited withdrawal offers from December 2023 onwards.
  • The Fund is open to Wholesale Investors with a minimum investment of $100,000.
Core Property has rated the Fund as RECOMMENDED.