01 · Overview
Fund overview
The Spire Multifamily Growth and Income Fund Founders (AUD) Hedged Class (the ‘Fund’) is a feeder into the Cortland Growth and Income, L.P. (‘Underlying Fund’). The Underlying fund is an open-ended structure with a mature portfolio of US multifamily assets. The fund seeks to deliver steady returns (net 7-11% p.a. over 5-year periods) through a diverse portfolio of US multifamily assets. The Fund provides Australian investors monthly liquidity through a portfolio containing Listed Global Real Estate and Cash. Cortland Partners LLC, the Investment Manager, founded in 2005, Cortland specializes in high-growth US cities in the South-East and South-West United States.
Source: Spire Capital fund page, spirecapital.com.au, 28 October 2026.
02 · Facts
Fund facts
- Asset class
- Global Real Estate
- Vintage year
- 2021
- Currency
- AUD
03 · Performance
Performance
Unit price
AUD 0.7080
As at 30 September 2026
Since inception
-4.44%
Net return p.a.1
Net return by period to 30 September 2026
| Period | Net return |
|---|---|
| 1 month | -0.58% |
| 3 months | -4.30% |
| 6 months | -6.51% |
| 1 year | -8.83% |
| 3 years p.a. | -7.19% |
| Since inception p.a.1 | -4.44% |
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) | Ex-distribution unit price (AUD) | Components |
|---|---|---|---|---|
| 30 June 2026 | 0.1549 | 0.0135 | 0.7398 | Components notice (PDF) |
| 31 December 2025 | 0.1293 | 0.0113 | 0.7725 | Not published |
| 30 June 2025 | 0.6433 | Nil | 0.7834 | Components notice (PDF) |
| 31 December 2024 | 0.8866 | Nil | 0.8187 | Not published |
| 30 June 2024 | 0.8838 | 0.4523 | 0.8156 | Components notice (PDF) |
| 31 December 2023 | 0.9319 | 0.0360 | 0.9021 | Not published |
| 30 June 2023 | 1.4080 | 0.0399 | 0.9736 | Components notice (PDF) |
| December 2022 | 1.7775 | 0.0504 | 1.1456 | Not published |
| June 2022 | 2.0248 | 0.0138 | 1.1758 | Components notice (PDF) |
| December 2021 | 0.9363 | 0.0064 | 1.0852 | Not published |
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.