The Cornerstone International Property Fund has launched, allowing retail and wholesale investors to buy in from $50k
18 October 2023, Melbourne, Australia – Australian investors now have the opportunity to invest in the lucrative US residential housing market via the launch of a new $50m high growth property fund, launching today.
The Cornerstone International Property Fund is a game-changing investment vehicle that provides retail and wholesale investors in Australia simplified access to the US property market, eliminating taxation and the need for opening US entities.
The fund aims to revolutionise investment opportunities for people looking to access residential property across the mainland United States for a minimum investment of only AU$50,000. The initial focus of the fund will be on single residential dwellings in four states including: Florida, Texas, Michigan and Missouri. The team’s strategy is to identify suitable properties in the US, renovate or “flip” them quickly and sell for profit with the margin being deployed into the fund.
Founders and directors Lindsay Stewart and Michael Eagar have designed the fund to address the complexities and challenges associated with traditional property funds. Their vision was to create a low-dollar-entry-point investment vehicle that offers diversification, reduced risk, and outstanding returns to Australian investors. The fund also facilitates long-term wealth-building strategies, aligning with the growth style investment approach preferred by many individuals and families. The fund caters to the under-serviced segment of retail investors in Australia in the 30-55 age bracket, looking to diversify their portfolios.
“What we were looking to do is develop a simplified way of getting investors into the US market, without the complications of international taxation and entities, and with a lower dollar value entrance point,” explains co-founder and CEO Lindsay Stewart.
“We spent an extensive amount of time setting up this fund to ensure it solves the risks and issues commonly associated with property funds. By taking care of the US tax implications and managing the complexities, we provide investors with a hassle-free investment opportunity.”
Michael Eagar, who brings comprehensive experience in funds management and financial planning, adds, “We wanted to create a set-and-forget strategy for investors, where they can participate in the US property market for the long term and build their wealth without being burdened by interest rate risks or complicated tax procedures. We believe in providing investors with the opportunity to build substantial wealth over time and this fund is designed to generate outstanding returns and capitalise on the lucrative US single-family housing market.”
The Cornerstone International Property Fund offers investors a level of diversification rarely seen in traditional property funds. Instead of relying on a handful of developments, the fund provides exposure to a wide range of properties, ensuring robust risk management. The fund’s unique structure also eliminates the need for investors to directly open US entities, making it an attractive option for those seeking simplicity and ease of investment.
With a minimum lock-in period of 12 months (as specified in the Product Disclosure Statement), the fund encourages a long-term investment horizon of minimum 5 years, allowing investors to benefit from potential growth and stability. Retail investors can enter the Cornerstone International Property Fund with a minimum investment of $50,000 AUD. However, the fund also welcomes wholesale investors, providing a unique avenue for high net worth individuals to diversify their portfolios. The fund has been capped at $50 million to ensure efficient deployment of substantial funds, although there is no maximum investment amount specified, subject to a financial advisor’s recommendation.
Lindsay Stewart is a renowned figure in the Australian property market, with nearly 20 years of experience and the founder and global operations manager of Star Dynamic Property Investments. He successfully expanded his investment activities to the US market over a decade ago, establishing Star Dynamic as the leading Australian-based company assisting investors in the US property market.
Michael Eagar, a director of Condor International Property Group, holds certifications as a Certified Financial Planner and Qualified Property Investment Adviser. With extensive experience in the financial services industry, Michael has assisted countless individuals, families, and business owners in achieving their financial and lifestyle goals. His involvement with investment funds has provided him with invaluable insights into the needs and requirements of both investors and fund managers.
The launch of The Cornerstone International Property Fund marks a significant milestone in the Australian investment landscape, providing a groundbreaking avenue for retail and wholesale investors to participate in the thriving US property market.
To learn more about this innovative opportunity, visit website.