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KM Property Community and Social Services Property Fund

Open ended property fund investing in community-based properties, targeting 5.0% - 5.5%+ p.a. distributions

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Core Property has reviewed the KM Property Community and Social Services Property Fund, a newly launched unlisted property fund by KM Property Funds.

The Fund is an open ended fund that invests in a diversified portfolio of properties that provide community and social services. A key focus of the Fund is to seek out properties that are integral to the social infrastructure of communities, such as childcare centres, medical centres, affordable or community housing and neighbourhood retail properties, which offer a level of resilience for investors.

The Fund's initial portfolio highlights this investment strategy, consisting of three childcare centres and one childcare/healthcare property. The properties are valued at $32.8M, with a long Weighted Average Lease Expiry (WALE) of 14.6 years.

The Fund is open-ended with units issued on a daily basis. The current issue price is $1.00 per unit and the Manager is targeting distributions of 5.0% - 5.5% p.a.

Core Property has rated the Fund as RECOMMENDED.

Core Property Rating - Recommended

Fund Status - Open

This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.