New US-focused property fund launched

investors/property/director/

15 November 2012
| By Staff |
image
image
expand image

A new product has been launched in Australia targeted at investors interested in property opportunities in the US.

The product, the Cashel USA Residential Property Fund, is being marketed as assisting individual investors wishing to take advantage of the opportunities associated with purchasing, renovating and renting out US-based foreclosure (or distressed) properties.

Fund director Jodie Hannaford said she believed the fund's approach offered investors an option to participate in a structured, tax-efficient portfolio with a diverse range of property types and locations, while minimising the risks associated with having all eggs in one basket.

"Opportunities are available now to invest in distressed homes - and with the US housing market showing signs of improvement, the opportunity to get the great deals we are seeing today will be a short-lived one," she claimed.

"We realise the logistics of purchasing an international property portfolio may be hard for mum and dad investors from Australia, and the risk factor higher if they're not able to diversify their investment by location, which is why after successfully establishing two wholesale funds for sophisticated investors, we have created our first retail fund," Hannaford said.

The fund, which recently underwent an independent research review and was given an A+ rating from Property Investment Research (PIR), aims to raise $25 million from investors and a further $25 million in debt to invest in foreclosed, short sale or auctioned residential rental properties in areas where value can still be found, including the South and Midwest of the US.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks 1 day ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 6 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND