NOW Closed – Now closed to investment.
Fund facts
Spire Capital Ltd (“Spire”) continues to have conviction in the US “for rent” seniors housing market, given its consistent income growth and long-term capital appreciation that is able to generate attractive risk adjusted returns. The market experienced a number of challenges throughout COVID-19, with its occupancy being severely impacted, before an emerging recovery kicking off throughout 2022. Since the early 2021 low, Bridge’s Seniors Housing portfolios totalled an occupancy increase of roughly 6% over the span of a year. This recovery has highlighted the proven resilience of the sector, as well as an opportunity to take advantage of the improving fundamentals.
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. By partnering with Bridge Investment Group (“Bridge”), Spire seeks to leverage upon their national reach, local expertise and forward integrated operations in order to provide attractive returns with a low risk profile.
| Performance as at 30 September 2024 | Net Returns* |
|---|---|
| 1 month | -2.22% |
| 3 months | -1.28% |
| 6 months | -0.28% |
| 1 year | -0.30% |
| Since Inception p.a* | -1.49% |
*Past performance is not an indicator of future performance. The 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 November 2022. Unit Price and performance do not include the value of Foreign Income Tax Offsets (FITOs) which have been distributed in addition to cash. Please note, 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 annualised Internal Rate of Return since inception.
| Date | Unit Price | Net Monthly Return* |
|---|---|---|
| 30 September 2024 | $0.9725 | -2.22% |
| Period | Distribution Amount (cents per unit) | EX Price | Distribution Components |
|---|---|---|---|
| 30 June 2024 | Nil CPU Cash; 0.1857 CPU FITO's | $N/A |
 Distribution Components FY24
|
| 30 June 2023 | Nil CPU Cash; 0.0492 CPU FITO's | $N/A |
Distribution Components FY23
|