Yarmouth Real Estate Investments (Yarmouth REI) has closed its first private real estate trust oversubscribed.
The underlying asset of the fund is a $6 million 13-apartment residential development project in the inner Brisbane growth suburb of Cannon Hill.
The $1.95 million wholesale fund was oversubscribed within a month and has been backed by a leading Australian family office. The fund is targeted to return a pre-tax IRR of 19.5 per cent to investors over a 12-month term.
The project is being managed by Brisbane's Nielson Properties, a leading Queensland real estate developer and asset manager.
Yarmouth REI is a real estate funds management joint venture between Sydney-based Yarmouth Group and Brisbane-based Nielson.
When financial failures occur and accountability can’t be pinpointed clearly, often it is the adviser that gets ...
When dealing with high-risk investment portfolios and platforms, it is important advisers manage expectations even when ...
Orbis Investments has added a new marketing head to extend its reach to advised retail investors as part of its “next ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin