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Centuria Healthcare Property Fund

Fund status: temporarily closed to applications

The Centuria Healthcare Property Fund (CHPF) is an unlisted healthcare property fund that aims to provide monthly tax effective income and the potential for long term capital growth by investing in a diversified portfolio of healthcare real estate located within Australia.

Watch Fund explainer video
30 June distributions and end of year tax statement availability:
Financial year end, including finalising tax components to the FY24 distribution, will cause a slight delay to June 2024 distribution payments. As a result, your distribution payment will be made during the week commencing 22 July 2024, which is similar to prior years. Furthermore, financial year 2024 tax statements will be issued on or around 31 August 2024.

If you would like to invest in the future, please request a PDS and read the Target Market Determination to determine if this investment suits your investment objectives.

Invest with as little as $10,000. The fund offers monthly distributions and limited quarterly withdrawals^.
The Centuria Healthcare Property Fund complies with the SIV guidelines. Find more information about SIV compliance.

ARSN 638 821 360 APIR CTR0438AU

information
Fund at a glance:

  • High quality healthcare assets.
  • Leases to leading healthcare operators.
  • Fixed annual rental increases.
  • Strong investment pipeline with sector and geographic diversification.

Fund overview

returns compounding icon
4.30cpu

distribution rate1

Calendar icon
Monthly

distributions2

Withdrawal icon
$-

unit price3

Quality location investment icon
$10,000

minimum investment


Research ratings

The Centuria Healthcare Property Fund has Recommended ratings
from Core Property Research4 and Lonsec Research5.



Portfolio snapshot

Healthcare Property icon
20

property assets6

Sign icon
10.1years

portfolio WALE 7

Security icon
94.4%

portfolio occupancy 7

Target icon
45%

target LVR

Property assets

The Centuria Healthcare Property Fund (CHPF) invests in direct property and in an ASX-listed Healthcare REIT, cash and cash-like products. Read more about the current investment portfolio.

 

Performance, pricing and distributions

Fund performance

Fund performance8 (as at -)

-

Fund unit price (as at -)

Unit price $-

 

View unit price history

Fund distributions

(previous 6 months)
-

# This is a monthly distribution and not annualised
* CPU = Cents per unit

Request a PDS

Express your interest in the Centuria Healthcare Property Fund to receive a Product Disclosure Statement (PDS).

 

Express interest
Investment term

Investment term

The Fund will have rolling five-year investment terms with a liquidity event at the end of each term. At the end of each term, there will be a liquidity event where, subject to its obligations at law, the Manager will use best endeavours to provide liquidity for Investors wishing to redeem all or some of their investment. The current investment term began in August 2020 and is expected to end in August 2025.

Quarterly withdrawals from the Fund (Liquidity)

The Fund generally processes withdrawals on a quarterly basis (March, June, September & December). The Withdrawal Price applicable is the Unit Price on the last Business Day of the quarter less any applicable Sell Spread and is generally paid by the 21st day of the following month.

Quarter Withdrawal request due by
March 2pm on 31 March
June 2pm on 30 June
September 2pm on 30 September
December 2pm on 31 December

Withdrawals from the Fund may be scaled back, delayed or suspended in certain circumstances, including where the Fund has insufficient liquidity.

Withdrawal requests are generally satisfied from the Fund’s cash, cash-like products or realisation of the Fund’s A-REITs.

The amount available for withdrawal on a quarterly basis will be subject to available liquidity, and capped at:

  • 10% of the Fund’s NAV when the Fund’s NAV is <= $100 million
  • $10 million when the Fund’s NAV is > $100 million.

The minimum amount available to meet withdrawal requests during a quarter is 0.5% of the Fund’s NAV. However, the actual amount available in any quarter is expected to exceed this amount. At the beginning of each quarter the Manager estimates the amount it expects will be available to satisfy withdrawal requests received during that quarter and publishes this amount on the Fund’s continuous disclosure page. The actual amount available to satisfy withdrawal requests is determined as at the day before the withdrawals are processed (i.e. after the end of the relevant quarter).

SIV compliant fund

Implementation of the Significant Investor Visa (SIV) on 24 November 2012 by the Australian Federal Government is a great opportunity for people looking to migrate to Australia.

This legislation allows high net worth investors who invest at least $5 million Australian dollars into investments that meet the SIV guidelines to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888) Significant Investor stream if certain requirements are met.

The Centuria Healthcare Property Fund complies with the SIV guidelines.

Risks

All investments in unlisted property funds carry risk. As the Fund invests in commercial healthcare property, it carries the market and property risks associated with investing in healthcare property. As a geared investment, the Fund also carries associated financial and leverage risks. Risks can impact on distribution and capital returns over the term of the Fund. It is important that you read the Product Disclosure Statement and understand the risks of investing.

Disclaimer: Centuria Property Funds No.2 Limited ABN 38 133 363 185 AFSL 340304 (CPF2L) is the responsible entity for the Centuria Healthcare Property Fund (ARSN 638 821 360)(Fund) and has issued a Product Disclosure Statement (PDS) for the Fund. This information is general information only and does not take into account the objectives, financial situation or particular needs of any person. You should consider whether this information is appropriate for you and consult your financial or other professional adviser before investing. You should obtain and read a copy of the PDS relating to the Fund before making a decision to invest. CPF2L and its associates will receive fees in relation to an investment in the Fund as disclosed in the PDS. Investment in the Fund is subject to risk including possible delays in payment or loss of income and principal invested. CPF2L does not guarantee the performance of the Fund.

How to invest

As an investor, you can invest directly with us (refer to PDS) or via an investment platform if you have a financial adviser. The Fund is currently available on the following investment platforms:

  • BT Wrap
  • Netwealth
  • Hub 24
  • uXchange
  • Macquarie Wrap
  • BT Panorama
  • FNZ
  • Wealth O2
  • Xplore Wealth
  • AMP North

Centuria Healthcare Property Fund education




Centuria Healthcare Podcast Series

With an ageing population, long life expectancy, chronic disease occurence and an increased focus on preventative care, healthcare investing is under the scope. 

Find out more about healthcare property investing with Centuria in our three part Podcast hosted by our very own Dylan Tomkins – Distribution Manager.

The information discussed is of a general nature and is not investment advice. All opinions expressed and are the opinions of Vijitha Yogavaran, Healthcare Fund Manager for Centuria as of January 2023.

1. Monthly distribution rate paid to be paid for the month of July 2023, annualised (assuming equal monthly distributions). Past performance is not indicative of future performance. Review the full historical performance.
2. Distributions will be paid if declared by Centuria Property Funds No.2 Limited (CPF2L) and will be subject to the terms set out in the PDS.
3. As at -
4. The Core Property rating (assigned in November 2020) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please click here. The rating is subject to change without notice and Core Property assumes no obligation to update the report.
5. Lonsec ratings disclaimer: The Lonsec Rating (Centuria Healthcare Property Fund assigned Nov 2022) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Centuria product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.lonsecresearch.com.au/research-solutions/our-ratings
6. The Fund currently owns 20 properties. For more details about the Portfolio, please refer to the investment portfolio page.
7. As at 31 December 2023, includes rental guarantees.
8. Performance is shown for informational purposes only. Past performance is not a reliable indicator of future performance. Performance fees may affect total return performance.
~ Inception date is 21 September 2020. Annualised total return figures are the sum of the annualised income return and the annualised capital return (each calculated on a standalone basis).
^ Redemptions are limited to the terms detailed in the PDS and are subject to CHPF’s liquidity policy