Watani US Real Estate Income & Growth Fund
Objective & Strategy
The investment objective of the Fund is to seek current income and capital appreciation from a portfolio of investments in U.S. real estate and real estate related assets while preserving capital. The Fund is a long-term investment vehicle designed to achieve an expected IRR between 11-14% per annum with an expected annualized net distributable dividend yield of money market returns during the Investment Period and 8 -10% thereafter.
The Fund will pursue its objective by investing in a well-diversified portfolio of Direct Real Estate Investments such as office, industrial, retail and multi-family sectors. In addition, the Fund will invest in Mezzanine Debt Investments, Commercial Mortgage-Backed Securities and Real Estate Investment Trusts to provide both current income and potential capital appreciation.
- Well-diversified portfolio of U.S real estate investments.
- US Dollar denominated.
- Quarterly income distribution
- Quarterly subscriptions and semi-annual redemptions (after an initial 3-year lock-up period).
- Managed by one of the world's top real estate managers.
|Performance As of 30 September 2012||Fund|
|Cumulative Distributions since Inception||34.28%|
|Annualized Distributions since Inception||4.04%|
|3 Month Distributions||0.76%|
|3 Months Distributions (annualized)||3.00%|
|6 Months Distributions (annualized)||2.80%|
|1 Year Distributions||2.55%|
|2 Year Distributions (annualized)||2.51%|
|3 Year Distributions (annualized)||2.64%|
|5 Year Distributions (annualized)||3.15%|
NAV US$ 1,000.00 since inception