NOW Closed – Now closed to investment.

Fund facts

Investor Type
Wholesale investors only
Asset Class
Global Private Debt
APIR
SPI0001AU
IM Date
November 9, 2015
Suggested Investment Period
At least 7 years
Distribution
Annual as at 30 June
Redemptions
N/A - The Fund is closed ended
Applications
Closed to new investment
Wrap Access
N/A
Investment Partner

This Fund is available to Wholesale Clients only and is a partnership between Spire and its long-time U.S. real estate investment partner Bridge Investment Group Partners, LLC.

The Fund is a private debt fund and aims to generate a total return (IRR) of 11-13% p.a. from investing in  loans backed by U.S. multifamily apartment communities and other commercial real estate. The loans will either be originated by Freddie Mac Multifamily or Bridge directly.

Performance as at 30 June 2019 Net Returns*
3 months3.22%
6 months3.91%
1 year11.43%
3 years p.a.6.66%
Since inception p.a.6.96%
Since inception27.41%

*Performance returns are based on the Net Asset Value calculated after all expenses. Unit Price and performance do not include the value of Foreign Income Tax Offsets (FITOs) which have been distributed in addition to cash. Past performance is not an indicator of future performance.

Date Unit Price Net Quarterly Return
30 June 2019 (EX)$0.4588
30 June 2019 (CUM)$0.46843.22%

PDS/IM & Forms

Information Memorandum with Application Form
pdf
Off Market Transfer Form
pdf
Change of Contact Details Form
pdf
Change of Advisor Form
pdf
Change for Bank Details Form
pdf
TFN/ABN Notification Form
pdf

Research

Fund Summary
PDF
Pitch Book
PDF
Freddie Mac Multifamily Presentation
PDF

Quarterly Fact Sheets

PeriodDistribution Amount (cents per unit)EX PriceDistribution Component
30 June 2019 0.9600 CPU cash; 0.2266 CPU FITOs $0.4588
31 March 2019 1.0060 CPU cash $0.4538
31 December 2018 14.0535 CPU cash $0.4608
30 September 2018 4.0735 CPU cash $0.6122
30 June 2018 6.6922 CPU cash; 0.3832 CPU FITOs $0.5980
31 March 2018 24.5182 CPU cash $0.6426
31 December 2017 3.0981 CPU cash $0.8364
30 June 2017 11.7975 CPU cash; 0.2029 CPU FITOs $0.8618
30 June 2016 5.5558 CPU cash $0.9946