Healthcare Property Fund - Barwon Investment Partners

Fund Overview

The Barwon Healthcare Property Fund, launched in October 2014, is an open-ended fund for wholesale investors seeking returns from properties in the healthcare sector located in Australia.

The Fund provides exposure to a portfolio of healthcare properties such as hospitals, private specialist facilities, day surgeries, public health facilities, diagnostic and laboratory facilities.

The healthcare sector has demonstrated stable returns relative to other property sectors, even during the depressed economic period of the GFC and has outperformed other property sectors with lower risk and higher returns over the 13 years to September 2021.

Key features of Barwon Healthcare Property Fund

Industry Demand Drivers

Australia’s growing and aging population driving strong demand for healthcare services
Advances in care procedures and technology driving demand for new and specialised care facilities
Government funding helps underwrite growth and tenant credit quality

Attractive Yield

Properties typically offer long WALE with CPI+ reviews: inflation-hedged income streams

Yields 5.5-7.0%

Favourable Risk Profile

WALEs typically 5+ years with fixed rental growth
High credit quality of tenants
Patients loyal to support facilities/personnel they know
Low levels of speculative development in sector

Returns

Healthcare property has delivered one of the best total returns of all property asset classes with relatively low volatility

Low correlation with other property sectors

Fund Facts

Fund Type	Unlisted, unregistered, open-ended unit trust
Inception	September 2014
Investors	Wholesale clients as defined under Section 761G of the Corporations Act
Investments	Equity investments in properties in the healthcare sector located in Australia
Borrowing	The Fund will borrow to fund acquisitions and capital expenditure. Target LVR of <45%
Unit Pricing	Monthly
Redemptions	Redemption window offered every 5 years. Investors can redeem some or all of their units. Fund must satisfy all redemption requests within a 2 year window or terminate
Distributions	Quarterly
Fund Opening	The Fund opens periodically for investors when new property investments are secured. If you care to register your interest for investment, please contact us
APIR Code	BAR5403AU

Further Information

FUND SUMMARY

To Register Interest – Contact Us

Fund Properties

Australian Clinical Labs Adelaide Airport

• A newly constructed, purpose-built pathology laboratory in Adelaide Airport, SA
• NLA: 2,637 sqm
• Anchor Tenant: Australian Clinical Labs
• Purchase Date: November 2018

Belmont Medical Centre

• A purpose-built medical centre in Belmont, VIC
• NLA: 1,146 sqm
• Anchor Tenant: Eastbrooke
• Purchase Date: October 2014

Bendigo Medical Centre

• A purpose-built medical centre in Bendigo, VIC
• NLA: 2,358 sqm
• Anchor Tenant: Sonic Healthcare
• Purchase Date: January 2017

Bunbury Medical Centre

• A medical centre and pathology Laboratory in Bunbury, WA
• NLA: 1,157 sqm
• Anchor Tenant: Sonic Healthcare
• Purchase Date: October 2020

Victorian Gut Centre

• An endoscopy centre (day hospital) in Bundoora, VIC
• NLA: 715 sqm
• Anchor Tenant: Bundoora Endoscopy Centre
• Purchase Date: December 2019

Eastbrooke Medical Centre, Carlton

• A medical centre in Carlton, NSW
• NLA: 677 sqm
• Anchor Tenant: Eastbrooke
• Purchase Date: January 2018

Cowes Medical Centre

• A medical centre in Cowes, VIC
• NLA: 1,268 sqm
• Anchor Tenant: Family Doctor Pty Ltd
• Purchase Date: June 2018

Croydon Family Practice

• A medical centre in Croydon, VIC
• NLA: 1,257 sqm
• Anchor Tenant: Fullerton Health
• Purchase Date: October 2015

Hallet Cove Allied Care Facility

• Allied care facility located in Hallet Cove, SA
• NLA: 889 sqm
• Anchor Tenant: Hallett Cove Family Practice
• Purchase Date: March 2017

Hervey Bay Oncology Centre

• A newly built cancer centre in Hervey Bay, QLD
• NLA: 593 sqm
• Anchor Tenant: Genesis Care
• Purchase Date: January 2019

My HealthCity Medical Centre

• A medical centre in Hope Island, QLD
• NLA: 1,233 sqm
• Anchor Tenant: My Health City
• Purchase Date: December 2020

Klemzig Medical Centre

• A medical centre in Klemzig, SA
• NLA: 835 sqm
• Anchor Tenant: Sonic Healthcare
• Purchase Date: December 2016

Launceston Eye Hospital

• A day hospital in Launceston, TAS
• NLA: 947 sqm
• Anchor Tenant: Cura Day Hospitals
• Purchase Date: November 2020

Logan Mental Health Facility

• A recently expanded community mental health centre in Logan, QLD
• NLA: 5,318 sqm
• Anchor Tenant: QLD State Government
• Purchase Date: July 2016

Murray Medical Centre

• A medical centre in Mandurah, WA
• NLA: 1,980 sqm
• Anchor Tenant: Murray Medical Group
• Purchase Date: February 2021

Allcare Medical Centre

• A medical centre in Melrose Park, SA
• NLA: 923 sqm
• Anchor Tenant: Allcare Medicare Centre
• Purchase Date: July 2018

Melton Medical & Dental Centre

• A medical centre located in Melton, VIC
• NLA: 2,174 sqm
• Anchor Tenant: Healius Medical Centre
• Purchase Date: June 2018

Modbury Secondary Care Facility

• A diagnostic imaging and optical clinic in Modbury, VIC
• NLA: 712 sqm
• Anchor Tenant: Dr Jones and Partners
• Purchase Date: December 2016

Munno Para Diagnostic Imaging Clinic

• A diagnostic imaging clinic in Munno Para, SA
• NLA: 1,343 sqm
• Anchor Tenant: Benson Radiology
• Purchase Date: May 2017

Eastbrooke Medical Centre Niddrie

• A medical centre in Niddrie, VIC
• NLA: 1,352 sqm
• Anchor Tenant: Eastbrooke
• Purchase Date: July 2019

Parkside Medical Centre

• A medical centre in Parkside, SA
• NLA: 2,384 sqm
• Anchor Tenant: Sound Radiology
• Purchase Date: September 2017

Springfield Medical and Dental Centre

• A medical centre located in Springfield, QLD
• NLA: 773 sqm
• Anchor Tenant: Healius Medical Centre
• Purchase Date: July 2018

St Andrews Specialist Centre

• A Strata suite located within the St Andrews War Memorial Hospital in Spring Hill, QLD
• NLA: 813 sqm
• Anchor Tenant: QGC Services
• Purchase Date: December 2020

Hobsons Bay Endoscopy Centre Sydenham

• An endoscopy centre (day hospital) in Sydenham, VIC
• NLA: 663 sqm
• Anchor Tenant: Healthe Care
• Purchase Date: December 2019

Usher Medical Centre

• A medical centre located in Usher, WA
• NLA: 360 sqm
• Anchor Tenant: Sonic Healthcare
• Purchase Date: October 2020

Vasse Medical Centre

• A newly built medical centre in Vasse, WA
• NLA: 1,556 sqm
• Anchor Tenant: Duchess Medical Practice
• Purchase Date: December 2017

Hobsons Bay Endoscopy Centre Werribee

• An endoscopy centre (day hospital) in Werribee, VIC
• NLA: 888 sqm
• Anchor Tenant: Healthe Care
• Purchase Date: December 2019

Eastbrooke Medical Centre Mackay

• A medical centre in Mackay, QLD
• NLA: 1,871 sqm
• Anchor Tenant: Eastbrooke
• Purchase Date: July 2019

Wollongong Medical Centre

• A diagnostic imaging and occupational health facility in Wollongong, NSW
• NLA: 1,184 sqm
• Anchor Tenant: Sonic Healthcare
• Purchase Date: July 2018

Westwood Medical Centre

• A medical centre in Westwood, SA
• NLA: 1,226 sqm
• Anchor Tenant: SA State Government
• Purchase Date: February 2019

Our Medical Home Williams Landing

• A newly constructed medical centre in Williams Landing, VIC
• NLA: 1,525 sqm
• Anchor Tenant: Cornerstone Health
• Purchase Date: July 2019

Brooke Street Medical Centre

• A medical centre in Woodend, VIC
• NLA: 1,879 sqm
• Anchor Tenant: Better Medical
• Purchase Date: April 2021

Woodville Mental Health Facility

• A purpose-built community mental health facility in Woodville, SA
• NLA: 2,009 sqm
• Anchor Tenant: SA State Government
• Purchase Date: August 2018

Salisbury Specialist Disability Accommodation

• A to be constructed Specialist Disability Accommodation Apartments located in Salisbury, SA
• NLA: 1,824 sqm
• Anchor Tenant: Specialist Disability Accommodation Pty Ltd
• Purchase Date: April 2021

Broome Community Health and Child Clinic

• A community health clinic in Broome, WA
• NLA: 587 sqm
• Anchor Tenant: WA State Government
• Purchase Date: July 2021

Red Cross Building

• A medical office building in Milton, QLD
• NLA: 2,475 sqm
• Anchor Tenant: Red Cross
• Purchase Date: July 2021

Southport Specialist Centre

• A newly built medical centre located within the Queen Street Village precinct in Southport, QLD
• NLA: 2,523 sqm
• Anchor Tenant: Health HQ
• Purchase Date: January 2020

Queensland Diagnostic Imaging Clinic

• A diagnostic imaging facility in Bongaree, QLD
• NLA: 258 sqm
• Anchor Tenant: Healius
• Purchase Date: July 2021

Belconnen Medical Centre

• A medical centre in Belconnen, ACT
• NLA: 1,725 sqm
• Anchor Tenant: Healius
• Purchase Date: August 2021

Phillip Medical Centre

• A medical centre in Phillip, ACT
• NLA: 1,430 sqm
• Anchor Tenant: Healius
• Purchase Date: August 2021