Qualitas raises over $230m
Qualitas has announced that its Real Estate Income Fund (QRI) has raised more than $230 million.
The trust aimed to provide a target return of eight per cent per annum (net of fees) with cash distributions paid monthly and generated by commercial real estate loans.
Qualitas group managing director, Andrew Schwartz, said that QRI aimed to provide diversification for investors through its exposure to the alternative asset class, such as the commercial real estate finance market.
“The trust offers exposure to the commercial real estate finance market in a listed format, which has been largely inaccessible to direct and SMSF investors to date,” Schwartz said.
“While markets overseas are familiar with this type of product, it is quite a differentiated offering on the ASX.”
The trust would invest in a portfolio of loans, secured by predominantly first, and on occasion second, real property mortgages as the primary source of security.
Scott Favaloro, senior corporate adviser for Evans Dixon, the lead arranger and manager of the offer, said: “This transaction stands out in the busy listed investment entity market because it offers differentiation, in terms of target return and asset class.”
“We’ve been very pleased by the response from investors and their advisers who see the role QRI can play in diversifying client portfolios and adding additional income.”
AUTHOR
Oksana Patron
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
