TAMIM Property
Overview:
TAMIM Property is a comprehensive Australian real estate platform which invests principal equity into opportunities which are originated, structured and managed In-House.
TAMIM Property’s management team members each have over 15 years of direct experience in this field and over the past two decades have successfully advised on, transacted, asset managed and exited over $1.5 billion of real estate investments in Australia alone.
TAMIM Property’s management team members each have over 15 years of direct experience in this field and over the past two decades have successfully advised on, transacted, asset managed and exited over $1.5 billion of real estate investments in Australia alone.
Investment Objective:
TAMIM's Property objective is to preserve wealth and provide capital growth over the life of the investment. We also aim to provide regular income from these property investments.
While each property will vary, we aim to generate a strong risk-adjusted yield for our investors.
While each property will vary, we aim to generate a strong risk-adjusted yield for our investors.
Investment Vehicle:
Unlike many of TAMIM's other investment solutions, TAMIM Property is available in an unlisted unit trust structure. Each property deal will entail the establishment of a new Special Purpose Vehicle (SPV) into which you, the investor, can buy units. Minimum investment on any given deal is $250,000 available to wholesale/sophisticated investors.
Strategies:
TAMIM Property’s core strategy is to identify price dislocations and value-add opportunities in high quality real estate across Australia by utilising its industry expertise and direct network. We target investments that are designed to satisfy two specific, risk-mitigated strategies: Wealth Preservation and Capital Growth.
All investments have individually tailored business plans and are acquired into separate, newly formed tax-efficient Special Purpose Vehicles (SPVs), of which co-investors own direct units and from which receive annual or semi-annual income distributions. Value is created and/or enhanced by the application of tried and tested asset management initiatives and rationale, best suited to each investment and its relevant macro/micro market circumstances.
Each step of the investment process from entry to exit is managed in house by TAMIM Property’s experienced management team and co-investors are provided with a full suite of reporting documentation.
All investments have individually tailored business plans and are acquired into separate, newly formed tax-efficient Special Purpose Vehicles (SPVs), of which co-investors own direct units and from which receive annual or semi-annual income distributions. Value is created and/or enhanced by the application of tried and tested asset management initiatives and rationale, best suited to each investment and its relevant macro/micro market circumstances.
Each step of the investment process from entry to exit is managed in house by TAMIM Property’s experienced management team and co-investors are provided with a full suite of reporting documentation.
Investment Rationale:
TAMIM Property believes that there exists attractive opportunities to capitalise on the non-linear progression of the Australian real estate market, where proven strategies can be employed to build highly performing, risk mitigated property portfolios over the medium term.
As the property market continues in its “cycle” towards maturation, several factors are conspiring to create dislocations between prevailing pricing and the fundamental intrinsic value of good quality properties across Australia. These factors include:
As the property market continues in its “cycle” towards maturation, several factors are conspiring to create dislocations between prevailing pricing and the fundamental intrinsic value of good quality properties across Australia. These factors include:
- Shortage of debt finance. The majority of commercial banks servicing Australia are significantly motivated by two key initiatives, namely being the rebalancing of property loan books underpinned by legacy assets, and the accumulation of cash reserves to satisfy increased thin capitalisation ratio requirements by Basel III Capital Reforms. This has severely curtailed their lending appetite in a number of market sectors and geographies and will intensify over the next two financial years.
- Excess of competition in core. The “herd mentality” of many traditional/large property buyers (institutions and sovereign wealth funds) has focused their attention purely on the most prime locations and assets of Australia. This has led to an excess of buyers for assets of prime sites, which in turn is affecting pricing in these markets, and has created buying opportunities in supplementary markets.
- Increase in seller motivation. The above factors and their knock-on effects have increased the instances of distress experienced and opportune sales by a number of property owners, resulting in an increased need for liquidity, and hence property disposals, the urgency of which subsequently directly affects product price.