The Spire Bridge Multifamily Fund V (“the Fund”) serves as an Australian unlisted unit trust that feeds into the Bridge Multifamily Fund V (“the Underlying Fund” or “Fund V”). The Fund provides an opportunity to capitalise on the continuing thematic of increasing demand in Class B US multifamily housing, driven by an existing undersupply of housing, an ageing population, embedded student debt and the economic flexibility that renting provides. By partnering with Bridge Investment Group (“Bridge”), Spire seeks to leverage upon the strong historical performance and streamlined ‘value add’ strategy in order to provide attractive returns with a low risk profile.
| Performance as at 31 October 2025 | Net Returns* |
|---|---|
| 1 Month | 0.52% |
| 3 months | -3.18% |
| 6 months | -3.95% |
| 1 year | -8.44% |
| Performance Since inception Annualised** | -10.30% |
*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 January 2023. Unit Price and performance do not include the value of Foreign Income Tax Offsets (FITOs) which have been distributed in addition to cash. Individual investor performance will vary according to the Application Price at which they were issued Units in the Fund, which in turn was based upon the AUD / USD exchange rate applicable on the day that an investment is accepted.
**Performance Since Inception – Inception date (31 January 2023) occurred from the commencement of NAV based unit pricing, following the completion of capital raising in January 2023. Please note however that each investor’s performance numbers are calculated on an individual basis from their time of application and may differ from the above. “Performance since inception” is measured as the is 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. For the purposes of the monthly report, the IRR replaces the time weighted return since inception effective 30 June 2023.
| Period | Distribution Amount (Cents per unit) | Ex Price | Distribution Component |
|---|---|---|---|
| 30 June 2024 | Nil CPU Cash, Nil CPU FITOs | ||
| 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.
