NOW Closed – Now closed to investment.

Fund facts

Asset Class
Global Real Estate
APIR
ETL0371AU
ASRN
162 507 020
PDS Date
April 5, 2013
Suggested Investment Period
At least 7 years
Distribution
Annually as at 30 June
Redemptions
N/A - The Fund is closed ended
Applications
Closed to new investment
Wrap Access
Available on BT Wrap and Asgard.
Investment Partner

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

The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned 5 April 2013) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners. com.au/ RegulatoryGuidelines.
Date Unit Price
30 September 2020 - Final$0.0169
PeriodDistribution Amount (cents per unit)EX priceDistribution 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