Investment start date
June 2022
Asset Class
Alternative Property
Return
Targeting 17.0% p.a.
This investment opportunity relates to a Pub accumulation strategy, based in the suburban areas of South Australia, targeting 12 local regions of high growth within Adelaide.
Harvest Hotels have a strong track record, having distributed 10.76% in cash to investors in FY21 in other Funds, and have generated an average weighted IRR of 28% on equity (net of fees) since inception in 2014. Harvest Pub Fund 3 is completing an initial capital raise of $50m and is forecast to return 8% annual cash distributions (paid quarterly) and capital growth, with a forecast Fund equity IRR of 17% net of management fees.