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US Plus Property Fund

The AMP Capital US Plus Property Fund (Fund) invests in a strategic mix of direct property assets in the United States of America (US). These assets are intended to be diversified across the office, retail, industrial and multifamily1 sectors once the Fund reaches critical mass.

The Fund invests in ‘core’ and ‘core-plus’ property. Core assets are those considered to have secure and low risk cash flows over the medium to long-term. Core-plus assets require active asset management over a period of time to become core assets.

Why invest in the fund?

Exposure to US direct property investments within an efficient holding structure

Exposure to US direct property investments within an efficient holding structure

Opportunity for exposure to US direct property investments across the office, retail, industrial and multifamily sectors. This is provided via an efficient holding structure, with the option of having your investment unhedged or hedged back to Australian dollars.

Broad diversification provides investors with an expanded opportunity set

Broad diversification provides investors with an expanded opportunity set

The fund offers investors an opportunity to diversify their domestic real estate portfolio to include a US exposure, diversified by sector (including the US multifamily sector) with a research-driven portfolio construction approach.

Strong local operating partner in the US

Strong local operating partner in the US

Investors benefit from our strong relationship with our local property partner in the US. Alongside the AMP Capital team, our US partner drives the origination and ongoing management of assets within the portfolio. The relationship with our US partner is well established and has delivered excellent outcomes for investors to date.

How to invest

For more information on how to invest in the AMP Capital US Plus Property Fund (or the AMP Capital Hedged US Plus Property Fund for those investors who choose to have the foreign currency risk hedged back to Australian dollars), or to learn about our property capabilities, please contact us.

What are the key risks?

Risks specific to the Fund include property market risks, liquidity risks related to investing in direct property and pre-emptive rights applying to transfers of units, and risks associated with gearing, interest rates and investing internationally, namely fluctuations in currency and interest rate markets.

Prospective investors should refer to the Information Memorandum and consider factors relating to investment risks. As a result of risk factors, as well as other risks inherent in any investment, an investment in the Fund is not appropriate for all investors. There can be no assurance that the Fund will meet its investment objective or that investors will receive a return of their capital. Prospective investors should consult with their own advisors before deciding to invest in the Fund.

The team

Tim Fallet
Fund Manager, AMP Capital US Plus Property Fund
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Tim Fallet
Fund Manager, AMP Capital US Plus Property Fund
BCom, ACA
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Tim Fallet is responsible for establishing and implementing the Funds’ investment strategy and performance outcomes. This includes primary responsibility for portfolio construction and investment decisions and capital management initiatives including capital raising activities, investor relations and principal contact with our US strategic partner. Commencing with AMP Capital in 2006, Tim has over 16 years of experience in the property investment industry across a range of disciplines from the corporate advisory side to the asset and funds management functions.

1The US multifamily sector refers to a classification of residential housing in the US where multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex, with institutional owner(s) for rental purposes.

AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM), is the responsible entity of the AMP Capital US Plus Property Fund (Fund) and the issuer of the units in the Fund. Neither AMP Capital, AMPCFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this document, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. Actual future results and operations could vary materially from any forecasts, estimates, or opinions. AMP Capital will not necessarily update the recipient of this document if any facts set out in this document subsequently change. This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to their objectives, financial situation and needs.

 

About the PDS:

You will find the following offer documents for this fund:

  • PDS
  • Incorporated information (the information incorporated by reference in the PDS, and which forms part of the PDS)

Before making a decision about investing or reinvesting, you should read both documents. These documents can also be obtained by contacting us on 1800 188 013.