Our Mission
To catalyse the development of the much needed, large-scale new housing supply across the Bay of Plenty for members of the community most in need of improved housing options, whilst delivering a commercial rate of return to investors.
Impact Objectives
The Fund’s primary impact objectives are to:
Financial Objectives
The Fund’s financial returns are achieved through a combination of:
Structure of the Fund
The Fund's design presents several key advantages:
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The Fund takes in equity from shareholders, and draws on a Fund-level debt facility to provide modest leverage. Available capital is used to make both equity and debt investments in new housing initiatives.
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The Fund’s open ended structure allows for continuous equity capital raising, providing flexibility and the potential for scale.
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Investors are offered liquidity options, including the ability to sell shares to other investors or back to the Fund, subject to its financial health.
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The Fund is in the process of investing more than $100 million into new housing across the Bay of Plenty, demonstrating strong local commitment and financial clout. The Fund intends to continue growing over time.
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The Fund structure is optimised to minimise tax burdens for investors, enhancing its attractiveness and financial efficiency.
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The Fund enables investments towards particular locations and projects. This targeted approach ensures investments are strategically aligned with regional priorities and developmental needs.
