01 · Overview
Fund overview
The Spire Bridge US Seniors Housing Fund III (AUD) Hedged (‘SBSHFIII’ or “the Fund”) provides an opportunity to capitalise on the continuing demand for healthcare real estate, driven by an ageing population, the expanding spectrum of available medical care and a fragmented aged care industry. The Fund will seek to invest in for-rent private pay seniors housing communities where residents can age-in-place.
Bridge Investment Group will strategically assemble a blended portfolio of income-generating and value-add assets, whilst incorporating their Senior Living Operating Model. This will focus primarily on investments where Bridge can leverage its forward integration in an effort to provide an improved resident experience and better financial performance.
Source: Spire Capital fund page, spirecapital.com.au, 28 October 2026.
02 · Facts
Fund facts
- Investor type
- Wholesale investors only
- APIR
- SPI1716AU
- Trustee and fund manager
- Spire Capital Limited
- Investment manager
- Bridge Investment Group
- Underlying fund
- Bridge Seniors Housing III Australian Feeder (USD), L.P
- Asset class
- Real Estate
- Vintage year
- 2023
- Distributions
- Annually as at 30 June
- Structure
- Closed-end unit class of the Spire Capital Master Fund, no redemptions
- Status
- Closed to new investment
- Currency
- AUD, hedged
03 · Performance
Performance
Unit price
AUD 1.1254
As at 30 September 2026
Since inception
3.11%
Net IRR p.a.1
Net return by period to 30 September 2026
| Period | Net return |
|---|---|
| 1 month | 2.10% |
| 3 months | 5.76% |
| 6 months | 10.75% |
| 1 year | 10.07% |
| Since inception p.a.1 | 3.11% |
1 Source: Spire Capital, as at 30 September 2026.
04 · Distributions
Distribution history
Cash distribution per unit by period (cents)
| Period | Cash (CPU) | FITOs (CPU) | Components |
|---|---|---|---|
| 30 June 2025 | Nil | 0.3622 | Components notice (PDF) |
| 30 June 2024 | Nil | 0.1857 | Components notice (PDF) |
| 30 June 2023 | Nil | 0.0492 | Components notice (PDF) |
CPU: cents per unit. FITOs: foreign income tax offsets. Source: Spire Capital, fund distribution records, as published on spirecapital.com.au, 28 October 2026.
05 · Documents
Documents and forms
Monthly reports and manager updates are issued to investors through the Spire Investor Portal.
The fund is closed to new investment. Existing investors can transfer units off market using the transfer form, and update their details with the forms listed. Enquiries to info@spirecapital.com.au.
Investor login[Disclaimer: existing Investment Solutions wholesale wording, unchanged, subject to compliance review.] Past performance is not a reliable indicator of future performance.