Property Funds Management
McDougall Reidy & Co was instrumental in the formation of Direct Property Fund Limited ("DPF") in 2003. DPF is an unlisted property company with funds under management approaching $400 million, designed and managed to represent as close a surrogate to direct property ownership as possible. The performance of the fund is directly linked to the performance of the property portfolio.
Investors in Direct Property Fund generally include people who:
- Have looked at investing directly in commercial property but have found that the market is extremely competitive and that their investment funds will only extend to one or possibly two properties. This results in exposure to a single property sector with perhaps only one or two tenants;
- Have considered an investment in property via the share market but feel that an investment in a listed property company, whilst providing some property exposure, is not a pure-play property investment.
Direct Property Fund is managed by DPF Management Limited ("DPFM") whose shareholders include the principals of McDougall Reidy & Co.