finasreal estate fund seniorplus

01/2016
FINAS REAL ESTATE
FUND SENIORPLUS
Finas Real Estate Fund SeniorPlus - innovative
residences for independent & semi-autonomous
seniors in Canada.
Facts and Figures
• Currency
CAD
• ISIN
Summary
Investment Policy
Among the different types of accommodation
for the elderly, senior residences are designed to
provide the highest level of well-being, comfort
and safety to its residents while allowing them to
maintain their autonomy.
The fund only invests in establishments that
fulfill the following criteria:
Residents can preserve the independence that a
real home can offer without feeling the weight of
loneliness and isolation by benefiting from a wide
array of services available at their doorstep.
• Recent construction or recently refurbished.
• Constructions compliant with local safety
regulations.
• Favorable location within proximity of
metropolitan areas.
• Extensive selection of on-site services such
as dining, entertainment and medical care.
not defined
• Regulator
CSSF
• Location of asset
Canada
• Type of investment
Direct / min. 4 objects
• Size (target)
CAD 200mio
• Leverage
Max 50 %
• Distribution (target)
5 % p.a.
• Evaluation
once a year
• Management fees
Max 2 % p.a.
• Subscription fees
Max 3 %
• Fund Manager
Finas Real Estate,
Distribution of population by
age in Canada in 2014 and 2030
2030
2014
15 <
Luxembourg
• Property Manager
Investment Strategy
The strategy includes a relatively low-risk approach
in terms of the infrastructures themselves, aiming
for stable returns and high added value. Active
management of assets and diversification of onsite services allow for growing cash flow in the
medium- and long-term.
Alfid, Montréal
• Administration agent
CACEIS (Suisse) SA
• Depositary bank
CACEIS Bank
Luxembourg
• Auditor
KPMG
The fund targets a dividend of 5% per year, distributed semiannually.
15 – 25
25 – 45
45 – 65
Residences are administered by our local partner,
the ALFID group, a company providing real estate
services in Canada for over 30 years.
65 and over
The dividend target is not a projection, prediction or guarantee of future performance, nor a
guarantee of what will be achieved.
*
Frédéric Bossart
17 Rue de la Morâche
CH-1260 Nyon
+41 22 715 04 00
frederic.bossart@finas
-management.ch
Design : buxum communication
Why invest in Finas Real Estate
Fund SeniorPlus?
Over the next two decades the Canadian population aged 65 and over
will more than double to over 10 million. The proportion of population served by these new retirees will rise from 12% to 25% in 2035.
In 2014, 6 million Canadians were aged 65 or over; two and a half
times the number in 1981. According to all projections this group
will continue to grow in the coming years. By 2035, the number of
seniors will more than double to between 9.9 and 10.9 million. In
2061, that number is expected to be between 11.9 and 15.0 million.
In 2014, Canada had 105 children per 100 seniors, a value that has
halved since 1980. In the coming years the number of seniors will
exceed that of children. This unprecedented reversal in Canadian
demographics is expected to occur between 2015 and 2016: for the
first time in Canadian history there will be more people aged 65 or
over than children under 15. Thereafter, the ratio children/seniors
will consistently decrease and will be between 67 and 70 children
per 100 seniors in 2035 and about 55 for 100 in 2061.
Source : statistic Canada ( http://www.statcan.gc.ca)
Growth rate less than 15 years old
versus 65 years old and over
A new alternative for seniors
With emphasis on personal autonomy, modern lifestyles are
contributing to an increased number of people living alone. This
is particularly more common with age due to greater distance
between seniors and their children, as well as the loss of loved
ones. Researchers agree that Community support reduces
the sense of loneliness and isolation among seniors and has a
positive effect on their health. Factors such as a healthy diet,
regular exercise, intellectual stimulation and social contact
provide essential benefits to seniors.
65 and over
15 <
65 and over (prediction)
15 < (prediction)
The public sector’s
limited capacity
In light of current demographic trends, the supply of housing
for the elderly has not yet responded to the increasing demand.
It is expected that 11,000 new apartments will be needed
each year until 2026 simply to maintain current supply ratios.
While local authorities would like to invest in social programs,
the current budgetary constraints on health care will pose a
significant challenge. It is therefore evident these services
will increasingly be provided by the private sector.
For the growing number of elderly people who need care and
social support, senior residences can create new social links
with those who live in their community and participate in the
many activities and amenities offered.
These residences offer high quality accommodation with an
attractive mix of one-bedroom and two-bedroom apartments
both of which include a kitchen to allow for self-catering. Residents can also choose from a wide range of à la carte services
related to both their home (cleaning, laundry) as well as their
well-being (health care, social entertainment etc). The services
go far beyond just the basic necessities, and include restaurants,
libraries, cinemas, gyms, swimming pools and shops.
The Residence Manager
Our local partner, ALFID Group, was founded in 1983 and has
operated in the property markets in Quebec for over 30 years.
With 350 employees and over $ 1 billion in assets under management, the ALFID Group is fully equipped to manage the day-to-day
operations of exclusive real estate.
Services include administration, maintenance, brokerage, construction
and security for commercial, residential and industrial real estate.
Finas Management SA, Nyon
The Alfid Group, Montreal
Swiss company founded in 1984 specialized in non-traditional real estate
Real estate services company founded in Canada 30 years ago with over
investments in Canada since over 30 years.
$ 1 billion of assets under management and over 350 employees.
www.finas-management.ch
www.alfid.com