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A Flick Through The Notable Track Record Of Senior Trust

  • February 03, 2021 08:48 PM NZDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
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A Flick Through The Notable Track Record Of Senior Trust

Summary

  • Retirement villages are increasingly becoming an attractive option for senior Kiwis’ who seek a supportive community, as they age while keeping their independence.
  • Senior Trust is a specialist lender to the NZ retirement village and aged care sector.
  • Senior Trust Retirement Village Income Generator (“Income Generator’) was formed with the objective of delivering attractive returns to investors by providing loans to carefully selected, well located, soundly run retirement villages and aged care entities.
  • Some of the retirement villages that the Income Generator lends to include Quail Ridge, The Grove, The Glen and Roy’s Bay. The Income Generator also lends to the Ranfurly Residential Care Centre.

The Retirement village and aged care industry are designed to offer independent living facilities and play a significant role in providing communities for the aging population of New Zealand.

The sector has been growing, encouraged by an aging population, and increasing acceptance of retirement village living. The Income Generator considers that the retirement village and aged care industry in New Zealand offers great investment opportunities.

Amid this backdrop, Senior Trust is perfectly positioned to fulfil the demand of investors for a steady attractive income return by financing the growth and operation of retirement village and aged care facilities.

Growth in the retirement village sector

The aging population in NZ has resulted in the growth of the retirement village sector. The first baby boomers turned 60 in 2006, which marked the beginning of a 20-year era when the surge of Kiwis would hit the retirement age.

The demand for retirement villages and aged care facilities is surging as medical advances enable baby boomers to live longer, with the extra benefits of security as well as socialisation. About 12% of the over-75 population chose to live in a village at the end of 2015, up from 10.5% in 2013 and 9% in 2012.

As more and more parents are living away from their children amid increasing affordability of retirement village living when compared to the local residential market, retirement villages have been gaining popularity.

Source: Kalkine Image (Data Source: seniortrust.co.nz)

The NZ population aged 65 years and above is set to grow by 114% in 2043 to 1,341,000 compared to 626,000 in 2013. Kiwi population falling in the age group of 75+ is projected to rise by 193% to 778,990 in 2043 compared to 266,190 in 2013.

The surging demand of retirement villages amid a growing aging population and a low-yield interest environment led Senior Trust Management Limited to launch another investment offer which is focused on this sector, the Senior Trust Retirement Village Income Generator Limited known as “Income Generator”. The Senior Trust’s management team has considerable experience funding retirement villages throughout New Zealand.

The Income Generator has been created to fulfil the growing demand for fair returns by depositors to back their lifestyles.

Senior Trust’s involvement with retirement villages

The Senior Trust management team have specialist experience and a successful track record in lending to Retirement Villages.

Whitby Lakes, Roy’s Bay, and The Grove are just some of the villages that the management team has been involved with. The Grove is a boutique retirement village of a perfect size in an ideal location, Whitby Lakes is a well-established retirement village on the Kapiti Coast, which has 141 dwellings and is built on the edge of the lake. Quail Ridge Country Club, situated in Keri Keri, Bay of Islands, is one of the growing retirement village that aims at the high-end retiree market. It’s success is in delivering customised, quality dwellings in an exquisitely-designed environment.

Source: Kalkine Image (Data Source: seniortrust.co.nz)

As stated above, the Income Generator currently lends to Quail Ridge, The Grove and Roys Bay. It also provides funding to The Glen and the Ranfurly Residential Care Centre. The Income Generator regularly reviews new lending opportunities to assess whether they adhere to their investment strategy and objectives.

Senior Trust Retirement Village Income Generator Limited is the issuer of the products. The Product Disclosure Statement for the offer is available and can be obtained on our website at www.seniortrust.co.nz or at www.business.govt.nz/disclose under Senior Trust Retirement Village Income Generator Limited’s offer number (OFR12802).

 


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