Charter Hall Direct PFA Fund
Charter Hall has launched the Charter Hall Direct PFA Fund (the Fund), a new unlisted office property fund for retail investors, SMSF trustees and high net worth investors.
The Fund features office buildings located in emerging or established office markets around Australia and predominately leased to government tenants. The current income yield for the Fund is 7.25% pa, paid monthly.
The features and benefits of the Fund, according to Charter Hall, are:
• Monthly tax-advantaged distributions;
• Quality portfolio anchored by government tenants, with 100% occupancy and 9.2 year average lease term;
• 5 year investment term; and
• Potential for rental income growth from quality tenants on long leases with structured rental increases.
Initially PFA will own six office buildings, with a total valuation of $268 million.
The minimum investment in the Fund is $20,000.