The Banner Real Estate Opportunity Fund is a pooled fund investing in equity across a range of property projects.
The Fund is an unregistered managed investment scheme formed by a Trust Deed and is governed by Australian law. Investors must be Wholesale Clients. The Fund’s objective is to provide Investors with returns over the medium term by acquiring investment positions in Australian property assets through subordinated debt instruments or preferred equity positions. The Fund allows an investor to commit to a maximum investment amount (commitment amount) which may be drawn by the Fund over a period of 24 months (the Commitment Period), followed by an investment period of 3 to 4 years.
The Fund will invest in developments across all forms of property based debt, including mezzanine, preferred equity and ordinary equity investment in property and property holding companies. These investments will aim to achieve ‘equity like’ returns through fixed rates of return or through a share of the profit generated by property developments.
These key terms are not an exhaustive summary, and you should read the Fund’s Information Memorandum before deciding to invest in the Fund.