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REP - RAM Essential Services Property Fund

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RAM Essential Services Property Fund (REP) will be an Australian Real Estate Investment Trust listed on the ASX that invests in high quality Australian medical and essential retail real estate assets, leased to essential services tenants.

The Fund’s objective is to provide investors with stable and secure income with the potential for both income and capital growth through an exposure to a high quality, defensive portfolio of assets with favourable sector trends. The Fund is actively and professionally managed by RAM which has proven property expertise and a strong track record of delivering stable and growing returns through a hands-on and active management approach.

It is anticipated that REP will list on the ASX during October 2021.

 

Dona Ferentes

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Listing date20 October 2021 12:00 PM AEDT ##
Company contact detailshttps://ramgroup.com/investment-offering/ram-essential-services-property-fund/
Ph: (61) 2 8880 6688
Principal ActivitiesOwning and managing a portfolio of commercial retail and medical real estate assets.
GICS industry groupTBA
Issue PriceAUD 1.00
Issue TypeFully Paid Units Stapled Securities
Security codeREP
Capital to be Raised$356,900,000
Expected offer close date15 October 2021
UnderwriterFully underwritten. UBS AG and Ord Minnett Limited (Joint Underwriters). UBS AG, Credit Suisse (Australia) Limited, Ord Minnett Limited (Joint Lead Managers)
 

Dona Ferentes

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REP up and trading... opened at $1.05 and now around $1.02

.... I would not expect a REIT to deviate too far from its valuation metrics. At least there was a bit in it for IPO investors
 
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