An unlisted property fund is a form of direct property investment that provides investors the opportunity to gain access to commercial property assets through an investment in a fund.
By investing in an unlisted property fund, investors will receive units in the fund/trust which holds the property assets that are managed by a professional property investment manager such as Centuria. Unlike listed property funds, unlisted property funds are not traded on the Australian Securities Exchange (ASX).
Find out more information about unlisted property funds below.
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Learn more about unlisted property funds
Watch our short video or read the infographic to learn more about how unlisted property funds work.
What are unlisted property funds?
Unlisted property funds can be categorised into two different structures:
Closed ended
Investors will receive units at the commencement of the fund and generally cannot redeem until the underlying property is sold, proceeds are distributed and the fund is wound up. These are typically single asset funds and run for a fixed-term of 5-7 years.
Centuria has a number of closed ended unlisted property funds that are typically single asset funds that invest in high value commercial property across Australia.
Open ended
The property fund can continue to issue units and acquire new properties on an ongoing basis. The fund has a diversified portfolio of properties where there is no fixed-term of investment, meaning the fund remains open with no definite end date. Instead, investors are offered a liquidity facility where they can redeem part or all of their units in the fund at regular or certain times during the life of the fund.
Centuria has three open ended unlisted property funds, the Centuria Diversified Property Fund (CDPF), the Centuria Healthcare Property Fund (CHPF) and the Centuria Agriculture Fund (CAF).
Benefits of unlisted property funds
The key things to consider
For further independent information, please read the MoneySmart guide to investing in property schemes.
