Jarra Investment Trust Twenty Eight
Perth Metro Housing Portfolio with 10-year Lease to Identitywa
Invest in a Partnership with Identitywa
to Develop Specialist Disability Accommodation
Fund performance is subject to risks. Target returns are indicative, based upon assumptions and are not guaranteed. For more information, please refer to the IM. Past performance is not an indication of future performance.
Strong projected returns over a 4.5-year term. Distributions upon lease commencement.
Target IRR 14% PA
Distributions 10% NET PA
Enhanced Investor Returns
The Fund’s stabilised running yield and IRR are enhanced as the houses will be developed at a cost less than their estimated completion market value. The investment is projected to deliver returns to investors of 14.0% IRR over the 4.5-year term, with annual income distributions of 10.0% p.a. upon lease commencement.
Established Care Provider
Identitywa is an established care provider of over 45 years, employing over 500 staff and caring for approximately 400 Western Australians living with a disability. The houses are being developed to provide better quality accommodation for people currently supported by Identitywa.
Satisfactory due diligence, a lease commitment from Identitywa and acceptable construction costings will be prerequisite investment milestones to be achieved prior to investment. This structure mitigates and limits the Fund’s exposure to development-related risks.
Risk Mitigation Measures
Long-lease term with strong tenant covenant
Identitywa, being an agency of the Catholic Archdiocese of Perth, will enter into a 10-year lease with a further two (2) x 5-year options for the houses once they are constructed.
"The Fund presents a compelling opportunity to invest alongside one of Western Australia’s most experienced specialist property developers in a housing portfolio underpinned by a long-term lease to an established care provider."
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Proven Track Record
Jarra Property is a specialist property developer and investment manager with a strong track record of successfully delivering SDA and commercial property developments. The Fund is our fifth SDA property investment fund.
Diversified Residential Portfolio
SDA property values are closely linked to the residential property market. We favor the medium term outlook for Perth’s residential property market relative to other Australian capital cities due to the city’s strong population growth coupled with constrained housing supply. The houses will be located in established Perth suburbs of varying demographic profiles.
Jarra Property has partnered with leading Western Australian care provider Identitywa (an agency of the Catholic Archdiocese of Perth) to develop a portfolio of houses to accommodate people to whom they provide care and support services.
Jarra Property has established Jarra Investment Trust Twenty Eight to deliver sixteen high quality, contemporary houses which will be leased to Identitywa for an initial 10-year lease term.
Key Fund Details
Investment Term: 4.5 Years
Target Returns: IRR 14.0% PA | DISTRIBUTIONS 10.0% NET PA
Equity Raising: $12million ($4m remaining as of 5th October)
Minimum Investment: $200,000 (subject to availability and fund manager's discretion)
Open to: Wholesale investors only
Jarra Investment Trust Twenty Eight
Perth Metro Housing Portfolio with 10-year Lease to Identitywa
Invest in a Partnership with Identitywa
to Develop Specialist Disability Accommodation
Fund performance is subject to risks. Target returns are indicative, based upon assumptions and are not guaranteed. For more information, please refer to the IM. Past performance is not an indication of future performance.
Strong projected returns over a 4.5-year term. Distributions upon lease commencement.
Target IRR 14% PA
Distributions 10% NET PA
Enhanced Investor Returns
The Fund’s stabilised running yield and IRR are enhanced as the houses will be developed at a cost less than their estimated completion market value. The investment is projected to deliver returns to investors of 14.0% IRR over the 4.5-year term, with annual income distributions of 10.0% p.a. upon lease commencement.
Established Care Provider
Identitywa is an established care provider of over 45 years, employing over 500 staff and caring for approximately 400 Western Australians living with a disability. The houses are being developed to provide better quality accommodation for people currently supported by Identitywa.
Satisfactory due diligence, a lease commitment from Identitywa and acceptable construction costings will be prerequisite investment milestones to be achieved prior to investment. This structure mitigates and limits the Fund’s exposure to development-related risks.
Risk Mitigation Measures
Long-lease term with strong tenant covenant
Identitywa, being an agency of the Catholic Archdiocese of Perth, will enter into a 10-year lease with a further two (2) x 5-year options for the houses once they are constructed.
"The Fund presents a compelling opportunity to invest alongside one of Western Australia’s most experienced specialist property developers in a housing portfolio underpinned by a long-term lease to an established care provider."
Proven Track Record
Jarra Property is a specialist property developer and investment manager with a strong track record of successfully delivering SDA and commercial property developments. The Fund is our fifth SDA property investment fund.
Diversified Residential Portfolio
SDA property values are closely linked to the residential property market. We favor the medium term outlook for Perth’s residential property market relative to other Australian capital cities due to the city’s strong population growth coupled with constrained housing supply. The houses will be located in established Perth suburbs of varying demographic profiles.
Jarra Property has partnered with leading Western Australian care provider Identitywa (an agency of the Catholic Archdiocese of Perth) to develop a portfolio of houses to accommodate people to whom they provide care and support services.
Jarra Property has established Jarra Investment Trust Twenty Eight to deliver sixteen high quality, contemporary houses which will be leased to Identitywa for an initial 10-year lease term.
Key Fund Details
Investment Term: 4.5 Years
Target Returns: IRR 14.0% PA | DISTRIBUTIONS 10.0% NET PA
Equity Raising: $12million ($4m remaining as of 5th October)
Minimum Investment: $200,000 (subject to availability and fund manager's discretion)
Open to: Wholesale investors only