The Fund buys industrial, retail and office premises in Texas, Georgia and Florida.
In particular, the Fund targets multi-tenant flexible industrial properties that provide diversification in tenant base and use.
As at 31 December 2014 the Fund’s portfolio was:
By value (cost): Florida 48.2%; Texas 22.4% and Georgia 29.4%.
By use (cost): Industrial 74.6%; Retail 19.3% and Office 6.1%.