About the Trust
Japara Aged Care and Retirement Property Trust is a wholesale Trust that invests in freehold properties that are specifically designed for aged care and retirement living. The core elements of the Trust are:
| Established: |
April 2005 |
| Structure: |
Unlisted property trust via a registered managed investment scheme (ARSN 117 176 048) authorized to invest in real property |
| Nature of fund: |
Open |
| Target return: |
8% p.a. income
> 3% p.a. capital growth |
| Return as: |
Cash distribution plus movement in unit price |
| Liquidity mechanism: |
Yes – redemptions possible / exit in 2010 |
| Fees: |
0.275% of property value plus 3.75% of net
rental income
5% on acquisition & project management
2.5% on sale of property
3% on removal of manager
(except for non-performance) |
| Distributions: |
Quarterly |
| Portfolio valuations: |
Annually, or earlier on any capital raising –
Using independent valuations |
| Unit pricing: |
Annually – or earlier on acquisitions |
| Detailed reporting: |
Six monthly |
| Maximum holding: |
15% of the issued units in the Trust unless Manager approves
Higher
Manager cannot approve above 19.9% |
| Manager and Responsible Entity |
The Responsible entity and manager of the Trust is Japara Property Management Ltd (AFSL Licence no. 287324) |
