Property Fund Investment
Centaur Property has positioned itself as a leading provider of sub $20m real estate backed senior and mezzanine loans to the Australian property development sector. As a non bank private lender, the firm has taken advantage of the lack of competition in the sub $20m lending space and the conservative lending habits of the major banks to fund smaller development projects.
Centaur Property is an institutional wholesale fund manager with over $650m in gross funds under management. Current investors include industry superannuation funds as well as family office and high net worth investors.
Centaur Property is 100% owned by its management team who are totally aligned to the performance of its funds and investments.
Proven Track Record
Since inception, Centaur Property has been able to generate strong returns for its investors. The firm has now provided a total of $657m in finance to 148 property development projects throughout Australia. To date, the firm has exited 105 investments and investors have received over $492m in returned capital, realising a gross IRR of 15.8%. To date, Centaur Property has repaid 100% of the principal and return on all of its loan investments.
The current portfolio of investments are forecast to generate an IRR in excess of 11.5% net to investors. The lower forecast return, reflects a conscious decision to provide more 1st mortgage senior loans following a tightening of credit across the Australian banking sector.
Centaur Property has a robust and dynamic investment approach that has been proven through the property cycle. The firm is continually reviewing and adapting its investment focus to match changing market conditions to deliver the best risk adjusted returns for investors.
Real Estate Debt Funds
Over the past 8 years, Centaur Property has raised three successful real estate debt funds specialising in the provision of sub-$20 million loans. Centaur Property’s first and second funds have now been fully realised and the firm is currently investing through its $200m third fund, which had a first close in July 2018.
Centaur will look to launch its fourth fund, Centaur Real Estate Debt Fund 4 (RED4) in late 2020. RED4 will seek to raise $250m and will target a 10.5% net IRR to investors with a 90% weighting to 1st mortgage lending.
Centaur Property is also able to facilitate separately managed account and co-investment opportunities alongside fund investments.
How to invest
For information about investing with Centaur Property please contact Joshua Rowe on +61 2 8005 2745.