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The next page relates to an offer open only to wholesale clients and sophisticated investors within the meaning of the Corporations Act 2001 (Cth). By continuing you confirm that you qualify, or that you act for someone who does.
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ASA Equal Living Social Infrastructure Fund Webinar
Fund & investment highlights
The building and the business
Aligned interests with operating partner
Additional tenant equity participation, with up to 30% stake providing real upside exposure
Social impact
Market leading facilities for Australians with life changing injuries
The assets are newly built sub-acute healthcare assets providing essential care and accommodation for those who can’t live long term in hospital but equally cannot live without care at home. This is provided at a cost per night to the government that is up to 70% lower than an equivalent hospital place – underpinning the substantial cost efficiencies of the model for Government.
Equal Living's assets provide participants with a centralised hub located close to amenities, providing a high level of convenience for participants with a range of essential health and support services provided in the one location.
"This is an attractive risk adjusted return opportunity underpinned by newly built, quality assets with 20 year leases to the Equal Living Group. The investment gives us ownership of the hard assets as well as upside equity participation of up to 30% in our partner and tenant, an established business with business with over 150 staff, a proven and profitable operational track record and over 25 years of relevant experience."
Tim Slattery, Managing Partner,
ASA Real Estate Partners
Where the return comes from
Social infrastructure rental income with additional development and equity return drivers
100% leased real estate portfolio: Triple net leases of up to 20 years, and annual CPI rent reviews. Significant depreciation benefits from brand new assets.
Development pipeline: Funding construction on a fund-through basis, with the Fund receiving interest across the development period and 50% share of development profits.
A stake in the operating business: Equity warrants give the fund the right to up to a 30% interest in Equal Living, vesting in proportion to the growth capital deployed.
Fund details
APIR
YOC5197AU
Structure
Stapled group of two Australian unit trusts
Initial target equity
$50 million at first close
Unit price
$1.00 per stapled unit
Minimum investment
$250,000, unless the trustee determines otherwise at its discretion
Distributions
Quarterly, in arrears
Term
Five years from first close, with two one year extensions available
Exit
A liquidity event targeted at five years. Routes include a sale of units, an initial public offering, a recapitalisation, or a coordinated sale of the portfolio and the operating business together
Gearing
Initial debt funding of approximately $25 million. Target LVR of 40 to 50 per cent
Alignment
Entities associated with the investment manager and the ASA Group, together with an entity associated with the Equal Living Group's founder, intend to subscribe for up to 10 per cent of equity at first close
Liquidity
Illiquid. No cooling off. Redemptions at the trustee's discretion and not expected during the term
Eligibility
Wholesale clients and sophisticated investors only
First close
13 November 2026. Indicative only and subject to change
How to Apply
Two steps to invest
Step One
Determine if the ASA Equal Living Social Infrastructure Fund is suitable for your individual financial needs and circumstances. Seek professional advice if appropriate. The Fund is open to wholesale clients only. Access the fund's Information Memorandum at the link below, or contact us to receive a hard copy if you prefer
Access IM
Step Two
Complete the Application Form in the IM or Apply Online.
Apply Online