Homes for Tamariki Limited
Private Equity
WARNING
The law normally requires people who offer financial products to give information to investors before they invest. This information is designed to help investors make an informed decision. If you are a wholesale investor under the definition of that term in clause 3 of Part 1 Schedule 1 of the Financial Markets Conduct Act 2013, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for these investments. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
Homes for Tamariki Limited
Delivering a commercial return to investors, while providing stable homes for vulnerable children and young people
Homes for Tamariki Limited is an investment vehicle that purchases existing homes throughout New Zealand and leases them to the government for the care and accommodation of vulnerable children and young people (and their caregivers).
The company aims to deliver shareholders:
- quarterly dividends close to 4.5% p.a. from government rental income
- long term capital growth from residential property
- deductibility of interest costs (as the properties are leased to the government)
- protection against rising interest costs via a unique rental pricing mechanism
HOW IT WORKS
- The Government (through the Ministry for Children) identify fit for purpose properties around NZ (they require ~100 properties over the next 3 years)
- The Fund then purchases these properties and leases them to the Government on 5 year terms with 3 rights of renewal
- The Government pays rent annually in advance, and takes responsibility for the property and the young residents
- The Fund makes quarterly distributions (net of rates, management fees, interest costs and incidental costs)
KEY DETAILS
- First close complete at $3.35m and first four homes acquired (in New Plymouth, Hamilton, Tauranga and West Auckland)
- Now raising a further $20m over the next 12 months
- $50k minimum investment
- Tax efficient Company PIE structure and interest deductibility
- Open to wholesale investors only
HOW TO INVEST
- Review the Homes for Tamariki Limited Information Memorandum.
- Complete your application via Syndex.
- The manager will then be in contact to finalise your application including completion of the Offer and Subscription Agreement.
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