Folkestone Seniors Living Fund No.1's investment strategy, is to own and develop high quality retirement living communities in Sydney by investing in operating facilities and/or partnering with quality operators to own and/or develop retirement living communities.
The Fund closed oversubscribed on 22 September 2016. The Fund raised $25.66 million and acquired its first asset, Watermark Castle Cove, an award winning retirement living community on Sydney’s lower north shore, the first asset for its seniors living platform.
Click here to view Watermark Castle Cove website.
If you're a Unitholder, this section gives you access to:
Closed end unlisted fixed term unit trust (7 year term).
To achieve superior risk adjusted returns by investing in high quality existing retirement living communities and/or partnering with co-investors to develop and ultimately own such communities in Sydney.
Forecast Investor Return
The Fund has a target equity IRR of 15.0% per annum (pre-tax, net of fees) on drawn equity over the term of the Fund.
Should the Fund only acquire Watermark Castle Cove, the Fund’s forecast total return is an equity IRR of 11.0% per annum (pre-tax, net of fees) on drawn equity over the life of the Fund.
The fund has a 100% interest in 58 existing ILAs, 18 ILAs under construction and 3 to be developed at Watermark, 8b Deepwater Road, Castle Cove, NSW.
NTA per Unit
Nil (as at 30 October 2020) (Un-audited)
22 June 2020 - Unitholders voted in favour of the sale of the Fund's freehold and leasehold interests.
Charter Hall has co-invested 10% in the Fund.
|Year||Quarter||NTA Per Unit|
|2020||30 October||Nil (Un-audited)|
|2020||30 June||1.21 (Un-audited)|
|2020||31 March||0.87 (Un-audited)|
|2019||31 December||0.87 (Un-audited)|
|2019||30 September||0.87 (Un-audited)|
|2019||30 April||0.94 (Un-audited)|
|2019||31 March||1.09 (Un-audited)|
|2018||31 December||1.09 (Un-audited)|
|2018||30 September||1.09 (Un-audited)|
|2018||31 March||1.06 (Un-audited)|
|2017||31 December||1.07 (Un-audited)|
View and manage your investments and registry details.
Send your written request for a duplicate statement to the Unit Registry. Please include the following information:
– Full name of the registered Unitholder, Unitholder Number, Name of the Issuer, the registered address of the Unitholder, Number of units held and the Signature of the registered Unitholder.
Please note that a charge may be levied for this service.
If you invest directly into the Fund, and not via an IDPS, master trust or wrap account, the Responsible Entity will provide you with a:
– Confirmation Statement – specifying details relating to your investment or redemption; Regular Reporting – a quarterly report updating the Fund’s operations and updates on major activities about the Fund;
– Distribution Statement – a quarterly distribution statement detailing the distribution amount, payment date;
– Annual Report and Audited Accounts – an annual report and audited accounts for each 12 month period ending 30 June; and
– Tax Statement – an annual tax statement setting out the Fund’s tax position each year.
The regular reporting including the Annual Reports and Audited Accounts will be available on this website and will be sent electronically to you if you have elected to receive it via email. Hard copies of these reports will not be sent out unless you have requested on the Application Form or in writing to us.
A tax statement for the tax year to 30 June is mailed to all Unitholders who have held an investment in the Fund during that financial year. The tax statements are typically mailed out six to eight weeks after 30 June each year.
The tax statement summarises the distributions paid during the year and includes information required to complete your annual tax return such as the tax advantaged component of the distribution.
Go to the Contact Us component of this web page or use the details below:
You are not obliged to advise us when you change financial advisers, however to ensure that your adviser is able to obtain information regarding your investment, it is best that you do notify us.
A letter confirming your new adviser’s details, signed by all security holders should be sent to the Unit Registry.
To change the holding into the name of the estate a certified copy of the death certificate and will or probate (if required) will need to be sent to Investor Services to be noted on the register.
Please contact our Unit Registry for further information on administering a deceased estate.
The following forms are available at https://www.boardroomlimited.com.au/