Elanor Healthcare Real Estate Fund rated 'Commended'

Evergreen Ratings has given the Elanor Healthcare Real Estate Fund a "Commended" rating, noting the healthcare sector's contribution to the overall performance of the alternative property investment markets.

The unlisted fund currently invests in four multi-tenanted healthcare focused properties, with total value of $183.45 million (as at November 2020) and is managed by Elanor Funds Management Limited.

It is forecasting a distribution yield of 7.4 per cent per annum in FY2021.

“Australia’s ageing population is considered a driver of demand for medical services. The Healthcare sector has the potential to emerge as a core real estate sector. Economic activity and employment growth in the healthcare sector are the fastest growing since the GFC and we believe property funds will benefit from these investment opportunities," Evergreen founder and chief executive officer, Angela Ashton, said.

Elanor Funds Management Elanor Healthcare Real Estate Fund rated 'Commended' Launched on 11 May 2021 Designed for retail and wholesale investors. Find out more This report is informational only in nature. Industry Moves neither recommends nor endorses this product/service.