Heathley targeting income investors with new aged care fund
The Aged Care Financing Authority (ACFA) has indicated that growth in the ageing population will result in additional demand for 75,000 new beds/licenses in residential aged care facilities by 2022. Heathley has recently launched its Aged Care Property Fund, designed to provide investors with access to the anticipated growth in the Aged Care sector. According to PIR, a leading property research house “the Fund would suit investors who seek a high, predictable income yield.” The Fund will initially invest in a portfolio of residential aged care assets on a 20 year sale and leaseback arrangement to an institutionally backed operator, and will deliver a 7.75% starting distribution yield. For further information on the Manager and this opportunity please click here (VIEW LINK)
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