Australian Unity Investments head of retail distribution Damen Purcell said the addition of the healthcare property trust demonstrates the growing demand for unlisted property investments providing stable income and long-term capital growth.
Mr Purcell said the Trust has grown steadily in the past 13 years and that it is now one of the largest and highest-rated unlisted property funds in Australia.
He said Australian Unity Investments' outlook for the healthcare sector is optimistic.
“Demand for private health services continues to expand, irrespective of economic cycles, mostly as a result of Australia’s gradually ageing and increasing population,” said Mr Purcell.
According to Australian Equity Investments, the Trust has a diversified tenant base and a direct portfolio of 25 healthcare properties across Australia, which combined with its other assets, is valued at $520 million.
Mr Purcell said that unlisted property funds are back on the radars of investors.
“In a low interest rate environment, unlisted property funds are presenting as an attractive asset class, particularly for pensioners and SMSFs who typically seek out long-term, consistently high-yielding investments,” he said.
