US MASTERS RESIDENTIAL PROPERTY FUND

US Masters Residential Property Fund (URF) is an Australian-listed trust that provides investors with direct exposure to US residential real estate, primarily in the New York metropolitan area, through a substantial portfolio of freestanding and multi-tenant properties.

US MASTERS RESIDENTIAL PROPERTY FUND Share Price & Chart

About US MASTERS RESIDENTIAL PROPERTY FUND (ASX:URF)

US Masters Residential Property Fund (URF) is an Australian-listed property trust that was established in 2011 to provide investors with direct exposure to the US residential real estate market, specifically focusing on properties in the New York metropolitan area. The fund is unique in its strategy, being the largest Australian-listed property trust dedicated to investing in freestanding and multi-tenant residential properties in this region.

As of June 2024, the fund has expanded its structure by creating a stapled group, which includes US Masters Residential Property Fund II (URFII). This strategic move involved establishing a new responsible entity that is owned independently by fund unitholders, ensuring operational transparency and cost-effectiveness. The fund’s portfolio is substantial, with 463 housing units across 254 freestanding properties, representing a gross asset value of approximately US$315.31 million.

The fund operates through its controlled entity, US Masters Residential Property (USA) Fund, which is structured as a Maryland Real Estate Investment Trust (US REIT). This approach allows the fund to efficiently manage and invest in US residential properties, providing Australian investors with a unique opportunity to diversify their real estate investments across international markets. By focusing on the New York metropolitan area, the fund aims to capitalize on the potential growth and stability of the US residential property market.

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