Elermore Property Syndicate
The Elermore Property Syndicate was completed in November 2007 and we are pleased to announce that investors received a significant capital return with an internal rate of return over the life of the syndicate of 20.50%pa.
The Elermore Property Syndicate commenced on 10 November 2001 after the acquisition of Elermore Vale Shopping Centre in Newcastle NSW. Over its six year term the syndicate consistently performed above 10%pa with all investors enjoying highly tax effective income.
An exit strategy for the syndicate was developed, which maximised the outcome to investors.
All Elermore investors will have received their exit information pack outlining the syndicate strategy to be implemented by 21 November 2007. Download the calculator to estimate investors position.
Returns for the Elermore Property Syndicate
Total Returns on a $10,000 investment at an individual tax rate of 46.5 cents in the dollar:
 |
|
Financial Year |
2002* |
2003 |
2004 |
2005 |
2006 |
2007 |
|
Distbtns.
(%)** |
12.04% |
11.62% |
11.03% |
11.52% |
11.49% |
12.55% |
 |
Distbtns.
CPU |
6.69 |
11.17 |
10.60 |
11.07 |
11.03 |
12.00 |
|
| Tax Effective Portion |
93.65% |
85.17% |
59.23% |
100% |
80.56% |
34.21% |
|
|
* 2002 is a part year return
** Returns have been calculated after fees and assuming reinvestment of distributions, in accordance with IFSA Standard 6.0 Product Performance – calculation and presentation of returns.
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