Core Property has reviewed the RF CorVal Property Fund, an unlisted property trust that invests in a diversified protfolio of properties. The Fund is managed by RF CorVal, a boutique property funds manager with a strong track record, delivering average returns of 20% for investors since 2009.
The Fund provides an opportunity for retail investors to gain a diversified exposure to the RF CorVal trusts. The key features of the Fund include:
- The Fund seeks to invest in both direct properties as well as purchasing units in unlisted property trusts managed by RF CorVal.
- An initial investment portfolio consists of $15M of investments in eight unlisted property trusts managed by RF CorVal with exposure to industrial (49%), office (46%) and strata (5%) properties.
- The Manager is targeting a long-term distribution yield of at least 5.0% - 6.0% p.a., with distributions paid quarterly.
- Daily unit pricing and quarerly liquidity.
Core Property has rated the Fund as RECOMMENDED.