The US Masters Residential Property Fund has been established to give investors the opportunity to gain exposure to a diversified portfolio of US-based residential property assets.

This is the first Australian listed property trust with a primary strategy of investing in direct US residential property. Attractive US property valuations combined with the record high Australian dollar provide a unique opportunity for Australian investors. At the same time, the US residential property market, particularly in the New York metropolitan area, still exhibits positive long-term fundamentals.

The fund will target properties with the potential to achieve superior risk-adjusted income and long-term capital appreciation. Properties which satisfy the fund’s investment criteria are expected to provide an ungeared net rental yield greater than 8% per annum.

Investors will not be required to file US tax returns, unlike direct individual investors in US property. The fund also provides a convenient avenue to gaining more manageable exposure levels to the US residential property market than through direct property investment.

New York metropolitan area

The fund will initially target the New York metropolitan area, which is often referred to as the Tri-State Area and encompasses the populated areas in the states of New Jersey, New York and Connecticut that are within a typical commuting distance of Manhattan.

The initial investment focus of the fund will be on multiple family properties with two to four dwellings in Hudson County, New Jersey.

The Responsible Entity, Dixon Advisory, has assembled a team of highly qualified, US-based professionals with direct experience in residential property in the initial target area to oversee the management of the fund and its investments.

Key objectives

The three key objectives of the fund are to give investors:

• exposure to a diversified portfolio of US-based residential property assets
• regular, tax-effective distributions of income derived from attractive rental yields
• the potential for capital growth in the underlying property portfolio over the long term.

Investment Overview

For more detailed information about the benefits of the offer read:

DOWNLOAD: INVESTMENT OVERVIEW (1MB)

Product Disclosure Statement

The link below is a link to a full copy of the Product Disclosure Statement. Before making any decision to make or hold any investment in the fund you should consider the Product Disclosure Statement in full.

DOWNLOAD: PRODUCT DISCLOSURE STATEMENT (PDS) (5MB)