NOW Closed – Now closed to investment.
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 31 December 2020 | Net Returns* |
---|---|
3 months | -2.42% |
6 months | -2.93% |
1 year | -9.19% |
3 years p.a. | 5.04% |
Since inception p.a. | 3.75% |
Since inception | 20.67% |
*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 |
---|---|---|
31 December 2020 (EX) | $0.3358 | |
31 December 2020 (CUM) | $0.3628 | -2.42% |