Max Walsh fund manager eyes $150m for US expansion
The Sydney-based fund manager co-founded by Max Walsh a decade ago is looking to raise a fresh tranche of up to $150 million worth of unsecured notes that will be listed on the Australian Securities Exchange to back its growing US property empire.
The group’s US Masters Residential Property Fund, the largest Australian-listed property trust invested in America’s housing market, is issuing the notes, as it seeks to overhaul its existing portfolio and to expand.
Balance sheet growth and more capital for US Masters Residential Property Fund
The ASX-listed US Masters Residential Property Fund has called for a capital raising of $85.7 million to pay for renovations of its current US residential properties and fund new acquisitions after rewarding its investors with a solid half-year June 30 performance.
Big Apple bet pays off for Dixon Advisory funds
Despite the wave of uncertainty sweeping global markets, a team of Australian investors based in New York has found what they hope is a bright spot.
The team from Dixon Advisory moved to the Big Apple after the GFC and made a bet on a recovery in the battered residential property market. The team’s best known product remains the US Masters Residential Property Fund on the ASX…
Masterful returns: Rising NY rental market delivers for Australian investors
As debate rages over whether or not Australia is in a massive housing bubble, investors who bet on a US housing recovery following the sub-prime crisis have been handsomely rewarded…
US Masters taps Australian investors to fund New York housing push
Dixon Advisory’s US Masters Residential Property Fund expects to raise up to $150 million through an unsecured debt offering as it looks to grow its $900 million New York metro area housing portfolio and take advantage of what it believes is only the early stages of a US housing recovery…
How Australians cashed in on New York’s brownstones
Like many baby boomers, retired Canberra public servant Ian Giles has profited handsomely by investing in real estate over the past few years. But unlike compatriots who have ploughed their cash into the booming Sydney and Melbourne property markets, Giles bet on the United States…