Wholesale
Erskine and Owen Limited

E+O Healthcare Properties Fund LP

Commercial Property

Apply

Offer restricted to “Wholesale Investors” under clauses 3(2) and 3(3) of Schedule 1 to the Financial Markets Conduct Act 2013 (or to any other person to whom an exclusion applies under Schedule 1 of that Act).

Total Share/Units
3,850,000 Units
Min Investment
50,000 Units
Min Invest Value
NZD 50,000.00
Par Value
NZD 1.00
Issuer
Erskine and Owen Limited
Issue Type
Commercial Property
Sector
Commercial Property
Offer End Date
June 10, 2022

A Portfolio Approach

The General Partner’s objective is to create, over a period of time, a portfolio of healthcare facilities that provide exposure to this unique commercial property category. We are attracted to this sector by the long leases that are typically in place, the support provided to tenant revenues through government subsidies, and the essential services provided by tenants.

The benefit for the Limited Partnership, and investors, is that properties with longer lease terms generally provide more certainty regarding future income streams, and quality properties servicing the healthcare sector have a low risk of obsolescence. With long leases in place, incremental growth in healthcare charges, and tenants motivated to remain in the healthcare facilities due to the foot traffic created by other adjacent healthcare businesses, the value of a portfolio of healthcare facilities could be expected to match, or better, average growth rates for commercial property portfolios.         

The portfolio approach also allows better loan-to-value ratios than could be achieved if the properties were acquired individually. This additional leverage improves investor returns by reducing overall cost of capital for the Limited Partnership.

 

Target Returns

The Limited Partnership will target distributions to investors of at least 5.75% per annum (Projected Cash Net Pre Tax Annual Yield on Equity).

 

Key highlights of this offer:

  • 5.75% p.a. projected cash return paid monthly.
  • Tenants offering essential healthcare services during the pandemic.
  • Medical practice anchor tenant a strong incentive for long tenure of other healthcare tenants.
  • Initial property servicing a growing community with an older population.
  • $50,000 minimum investment available to wholesale investors only.
  • Offer closes 10 June 2022 or earlier if fully subscribed.
Property Name Location Address
33-35 Napier Road Hawkes Bay 33-35 Napier Road, Havelock North, Hastings

Login for more details

E+O Healthcare Properties Fund LP IM -April 2022
4/18/2022
18/4/2022

Join our Issuer newsletter

Our quarterly Issuer newsletter is for partners, businesses and anyone interested in what we’re up to, platform updates and market commentary. To sign up to the Investor newsletter for marketplace offers click here.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.