01 · Overview
Fund overview
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.
Source: Spire Capital fund page, spirecapital.com.au, 28 October 2026.
02 · Facts
Fund facts
- Investor type
- Wholesale investors only
- APIR
- SPI0678AU
- Trustee and fund manager
- Spire Capital Limited
- Investment manager
- Bridge Investment Group
- Underlying fund
- Bridge Multifamily V Australian Feeder (USD) LP
- Asset class
- US Multifamily 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
- USD, unhedged
03 · Performance
Performance
Unit price
USD 0.6726
As at 30 September 2026
Since inception
-10.79%
Net IRR p.a.1
Net return by period to 30 September 2026
| Period | Net return |
|---|---|
| 3 months | 0.07% |
| 6 months | -1.90% |
| 1 year | -4.34% |
| Since inception1 | -10.79% |
1Performance Since Inception – 31 March 2023. Inception date occurred from the commencement of NAV based unit pricing, following the completion of capital raising in January 2023. Please note, each investor’s performance numbers are calculated on an individual basis from their time of application and may differ from the above. “IRR” is the annualised 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. 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 | 4.7012 | 0.2334 | Components notice (PDF) |
| 30 June 2024 | Nil | Nil | Components notice (PDF) |
| 30 June 2023 | Nil | Nil | 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.