Key takeaways include:

• Global Perspective: Targets high-conviction non-U.S. listed real estate investments, capitalizing on global market inefficiencies.
• Sophisticated Insights: Aligns with the expertise of professional buyers seeking deep value and a nuanced understanding of global real estate cycles.
• Long-Term Structural Drivers: Investments driven by factors like rent growth, development completions, and disciplined capital allocation.
• Concentrated Portfolio: The Fund maintains a selective portfolio of approximately 25 investments, with a strong focus on long-term value creation.
• Special Situations: Includes special-situation investments in deeply discounted stocks, offering potential for significant returns.
• NAV-Driven Strategy: Employs a bottom-up, value-oriented approach focusing on net asset value and future cash flows.
• Risk Management: Emphasis on well-capitalized and liquid balance sheets.
• Proven Track Record: Successful investments include Vesta, Belmond, Helical plc and Storage Vault, demonstrating the fund management's ability to identify undervalued assets amid international real estate.
• Helical plc (UK): A deep-value special situation with significant upside potential, focusing on property investment and development in Central London.
• Storage Vault (Canada): Canada's largest self-storage provider, benefiting from structural undersupply and significant growth potential in the self-storage sector.
• Expert Management: Quentin Velleley’s decade of experience managing the fund underscores a deep understanding of global real estate markets.