NOW Closed – Now closed to investment.
The Fund was launched in 2013 as an unhedged Australian feeder fund into the assets of Bridge Multifamily & Commercial Office Fund II, LP (“Bridge MF II”). Bridge MF II is a US$600 million (equity) value-add “buy, fix, sell” private equity real estate fund, investing in value-add US multifamily apartment communities and office buildings. The Fund owned a 5.83% share of a diversified portfolio of 61 ‘value-add’ real estate assets across the US.
The Underlying Fund has now completed its Harvest Period, with all 61 assets ; 52 multifamily apartment communities and 8 office buildings which were acquired during the ROC II Program’s Investment Period having now been sold. None of the investments lost capital, with best performing investment generating a 4.71x Multiple of Investment Capital (MOIC) and a 53.6% Internal Rate of Return (IRR) on the US$7,210,000 of equity invested in the deal.
On 31 August 2020, the Underlying Fund made its final distribution; following receipt of these proceeds the Fund has commenced
|Period||Distribution Amount (cents per unit)||EX price||Distribution Component|
|30 June 2020||7.7012 CPU cash||$0.0058|
|30 June 2019||2.5450 CPU cash||$0.0717|
|30 June 2018||27.4924 CPU cash, 11.3140 CPU FITOs||$0.0999|
|30 June 2017||99.3670 CPU cash, 15.4574 CPU FITOs||$0.3749|
|30 June 2016||28.3186 CPU cash, 0.7398 CPU FITOs||$1.2815|
|30 June 2015||6.9306 CPU cash, 0.4833 CPU FITOs||$1.4809|
|30 June 2014||2.4545 CPU cash, 0.3777 CPU FITOs||$1.0814|