Australian Unity Real Estate Investment (AUREI) head of healthcare and retirement property Chris Smith said the acquisition will “enhance the geographic, property type and tenant income diversification” of the HPT.
“HPT has performed extremely well for investors, delivering returns of 10.08 per cent over one year, 8.48 per cent over three years, and 11.33 per cent since inception,” Mr Smith said.
“We continue to search for high-quality properties to acquire for the HPT to deliver the best possible returns for investors,” he said.
“Consistently strong investor support has provided the HPT with significant capacity to fund its development pipeline and to make further selective acquisitions of quality assets such as this” Mr Smith said.
The purchase of the South Australian property follows the acquisition of a Queensland-based property which AUREI, in partnership with HealthE Care, intends to convert into a mental health facility.
Also acquired this year was a property on the central coast of New South Wales for $16.18 million.