The fund was established after Quantum researched the US property market and economic indicators, and aims to take advantage of the steep decline in property prices, low interest rates and the strong Australian dollar.
Quantum managing director Peter Gribble said the company was not reliant on consultants or joint ventures.
"We thought it was crucial to be hands-on in property selection. My management team and I have walked through 125 properties so far and hand-picked the homes which we have purchased," Gribble said.
"Our strategy is to make an offer below listing price to ensure that we are getting a good deal to refurbish the property and then lease it."
