Australian Unity has launched a new institutional retirement village property fund. The new fund is a response to increasing demand and growth in the retirement community sector, an Australian Unity spokesperson said. The Australian Unity Retirement Village Property Fund will buy already established retirement villages and returns will be expected to be around 4% of rolling ten-year Australian government bond yields, based on a total investment return after fees.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
