Spire Multifamily Value Fund I (USD) (‘the Fund’ a unit class of Spire Capital Master Fund) seeks to deliver steady returns and strong asset growth from US multifamily assets while maintaining a moderate risk profile. The Fund was established in May 2020 and serves as a USD denominated Australian unlisted unit trust that feeds into the Cortland Enhanced Value Fund V LP (the Underlying Fund). Cortland focuses on assets in which the firm can increase value through a blend of physical improvements to the property and individual units, as well as a commitment to enhancing operations and, ultimately, the resident experience.
| Performance as at 30 September 2025 | Net Returns* |
|---|---|
| 3 months | -3.36% |
| 1 year | -3.25% |
| Since inception p.a. | -4.21% |
| Unit price | $0.8206 |
*Past performance is not an indicator of future performance. Performance table is based on the aggregated total application amount and units issued during the capital raising period and includes Unit Price growth from commencement of NAV based unit pricing following completion of capital raising in August 2021. Unit Price and performance do not include the value of Foreign Income Tax Offsets (FITOs) which have been distributed in addition to cash.
*Performance since inception is measured as the Internal Rate of Return since inception. The IRR is the annualised rate of return that equates the amount and timing of irregular cashflows since inception with the period end value
| Period | Distribution Amount (cents per unit) | EX Price |
|---|---|---|
| 30 June 2024 | 4.6621 CPU Cash, Nil CPU FITOs | Download File |
| 30 June 2023 | Nil CPU Cash, Nil CPU FITOs |
| Off Market Transfer Form | Download File |
| Change of Address & Communication Election Form | Download File |
| Letter of Authority Form | Download File |
| Change of Advisor Form | Download File |
| Spire Capital Master Fund Financial Report 2024 | Download File |
How to invest
Via your financial adviser
Please reach out to your financial adviser for more information on Spire Capital and our investment offerings. Spire investments are available on a range of administration platforms including Netwealth, HUB24 and Mason Stevens.
