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
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
