With the establishment of the US Masters Residential Property Fund, of which Dixon Advisory is the Responsible Entity, the firm has set up businesses in the United States to manage the purchasing and leasing of residential properties in Hudson County, New Jersey.
US Masters Residential Property Fund
The US Masters Residential Property Fund has been established to give Australian investors, particularly self managed super fund (SMSF) trustees, the opportunity to gain exposure to a diversified portfolio of US-based residential property assets.
This is the first Australian listed property trust with a primary strategy of investing in direct US residential property. Attractive US property valuations combined with the high Australian dollar provide a unique opportunity for investors. At the same time, the US residential property market, particularly in the New York metropolitan area, exhibits positive long-term fundamentals.
The fund targets properties with the potential to achieve superior risk-adjusted income and long-term capital appreciation. Properties which satisfy the fund’s investment criteria are expected to provide an ungeared net rental yield greater than 8% per annum.
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Buying Property
The fund is investing in houses and condominiums (with one to four apartments) in Jersey City and other parts of Hudson County, New Jersey.
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Meet the management team
Dixon Leasing
Comprising a team with more than 20 years’ property management experience, Dixon Leasing, a subsidiary of Dixon Advisory, manages the apartments purchased by the US Masters Residential Property Fund.
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