Vesta SDA Belmont Trust
- 10.00% p.a. Target Distributions Paid Quarterly.
- Projected 28% Development Profit at completion.
- IRR Target of 15% for investors
- Development Approval granted for 7 SDA Apartments
Investment Highlights
- Vesta invites you to register your interest in the upcoming investment opportunity to acquire units in Vesta SDA Belmont Trust, established to develop 7 Speciality Disability Accommodation (SDA) apartments.
- Seeking to raise $2,800,000 in investor equity to acquire the property and commence construction.
- SDA is housing designed to empower people with extreme functional impairment or very high support needs to achieve independent living.
- Delivery of quality SDA product is still in its infancy, particularly in Western Australia and is relatively unsophisticated.
- Partnering with proven SDA providers in Nesti Housing and Pulse Property Solutions.
- The Fund is community outcome focused and also provides Investors with development profit and income after completion of construction.
- Investment in the Fund is projected to deliver returns of 15.00% IRR (net of fees) over the five-year term, with annual income distributions (post completion of construction) commencing at 9.00% p.a. but averaging 10.00% p.a.
- The Project is well advanced with Development Approval received and therefore construction expected to commence in May 2024.
- Trustee, Vesta Group Holdings Pty Ltd and Manager are controlled by an experienced funds management team.
More Information
The Trust
It is our pleasure to present the opportunity to invest into the Vesta SDA Belmont Trust. The Trust offers a quality investment involving the development and ownership of SDA apartments in Belmont, Western Australia. SDA is housing designed to empower people with extreme functional impairment or very high support needs to achieve independent living.
Our SDA investment strategy is to work closely with SDA providers to deliver high standard accommodation in supply constrained locations. Investors will initially benefit from development profit and then at completion an attractive property yield.
This offer is for Wholesale Investors only as defined by Sections 761G and 761GA of the Corporations Act 2001. Applications will only be accepted from investors who have registered and received a copy of the Information Memorandum.
Property
The property located at 159 Leake Street, Belmont, WA 6104 is a 837m2 vacant site. Development Approval has been received to construct a total of 7 apartments,with 6 of the apartments to be leased to SDA participants and 1 apartment designated for a carer (Onsite Overnight Assistance).
The Trust will deliver the apartments to SDA specifications with a focus on design and construction quality coupled with liveability which we believe will be critical for Participants seeking accomodation.
Who and what is the NDIS and SDA
The National Disability Insurance Agency (NDIA) is an independent statutory agency whose role is to implement the National Disability Insurance Scheme (NDIS), which supports a better life for hundreds of thousands of Australians with a significant and permanent disability and their families and carers.
Specialist Disability Accommodation (SDA) is a range of housing for eligible people with disability.The Specialty Disability Accommodation (SDA) funding offered by the NDIS seeks to enhance and expand the availability of specialised housing options for participants with disability support needs.
Partners
Vesta is partnering with the following experienced SDA specialist to provide the independent living dwelling:
- Nesti Housing provides quality tenancy property management services of social and disability housing and is a business division of the PeopleKind Group.
- Pulse Property Solutions is a property development management company, which has delivered numerous successful SDA developments and will provide guidance during the development phase.
Vesta is ensuring that all consulting parties are SDA experienced including quantity surveyor, builder, financier and valuer.
Offer Summary
Target Return:
- Unitholdersin the Trust will participate in valuation uplift at completion of the development, with a $1.00 invested to reflect an estimated $1.40 at developmentcompletion.
- 9.00% p.a commencing distributions paid quarterly.
- 15.00% p.a target investor IRR (net of fees).
Minimum Investment:
- $250,000 or at the discretion of Vesta.
- A total target equity raise of $2,300,000
Registration of Interest Closes - 8th December 2023 or at the discretion of Vesta
Offer Close - 21st December 2023 (Target date, subject to change)
Please register to recieve a copy of the Information Memorandum.
While Vesta attempts to ensure that the content of this information is accurate, adequate,complete and up to date, it does not represent or warrant the accuracy, adequacy, completeness or up to date nature of the information provided. Vesta is not responsible for any loss suffered as a result of or in relation to theuse of this information. To the extent permitted by law, Vesta excludes any liability, including any liability for negligence, for any loss, including indirect or consequential damages, arising from or in relation to the use of this information. Users should always confirm the accuracy of information (including but without limiting the generality of that, the availability of rebates) from another source before taking any action in reliance on it. This document is not an Information Memorandum (IM). Applications to invest can only be made by completing the Application Form attached to the IM that can be requested. Vesta Funds Management Pty Ltd AFSL: 538461