The US Masters Residential Property Fund (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 valuations combined with relative high levels for the Australian dollar present a unique opportunity for Australian investors. At the same time, the US residential property market, particularly in the New York metropolitan area, exhibits positive long-term fundamentals.

The Fund targets properties with the potential to achieve superior risk-adjusted income and
long-term capital appreciation. Its investment strategy focuses on freestanding properties
(one-to-four family houses) and multi-dwelling properties (typically 20 to 100 units).

The Fund acquires freestanding properties in select neighbourhoods at attractive valuations, restores the properties where necessary and maximises rental income while providing tenants with quality property management services. The multi-dwelling properties have attractive rental income and potential for long-term capital growth.

To date, the Fund's freestanding property portfolio has typically been purchased at annualised net unlevered rental yields at the property level of around 8%, based on pre purchase due diligence undertaken and actual yields achieved.

Investors will not be required to file US tax returns, unlike direct individual investors in US property.

Read About the Fund

New York metropolitan area

The Fund is initially targeting the New York metropolitan area, 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 is on freestanding and multi-dwelling properties 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)