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  5. Spire Multifamily Value I (USD) First Cl - Managed fund profile

Spire Multifamily Value I (USD) First Cl - Managed Fund

Fund Objective
These performance objectives reflect the Underlying Investment Manager's plan to invest a portion of the Underlying Fund's capital commitments (anticipated to be 20% to 30% of the total fund size) as a general partner in joint ventures with third-party investors to acquire or develop certain assets.
Fund Strategy
The Underlying Fund will seek to achieve a gross internal rate of return of 14% to 17% (11% to 13%, net of fund expenses, fees, and Cortland Enhanced Value Fund V GP LLC's (the General Partner) Carried Interest, as defined below) on a leveraged basis, through making investments in equity, debt, and other interests in, or relating to, multifamily real estate in the United States

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -% 1.47% 0.05% -5.42% -10.48% -10.64% -% -%
Growth return 1.47% 1.47% 0.05% -5.42% -10.48% -10.64% -% -%
Income return -% 0% 0% 0% 0% 0% -% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return 4.47% 9.86% 16.7% 14.49% 20.15% 15.35% 12.27% 9%
As at 30 Jun 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Spire Multifamily Value I (USD) First Cl
Cash
2.83%
Property & Infrastructure
97.17%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
2.37%
Property & Infrastructure
93.06%
Australian Equities
4.32%
International Equities
0.24%
Fixed Interest
0.01%
Alternatives
0.01%

General Information

Fund Details
Type Description
Spire Multifamily Value I (USD) First Cl
Spire Capital Pty Ltd
SPI7427AU
Unlisted and Direct Property
Not Rated
Investment Fund
1 Jul 2020
$17.6 million (as at 30 Jun 2025)
$0.8491 (as at 30 Jun 2025)
$0.8491 (as at 30 Jun 2025)
Open
Offer information
Type Description
Minimum initial investment $500,000
Minimum additional investments $250,000

Top 10 holdings (as at 30 Jun 2025)

Holding (as at 30 Jun 2025) Type % of Portfolio
Investment In Cortland Enhanced Value Fund V (Delaware) Other Assets And Liabilities 97.17%
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FAQs about the Spire Multifamily Value I (USD) First Cl

The objective of the Spire Multifamily Value I (USD) First Cl managed fund is These performance objectives reflect the Underlying Investment Manager's plan to invest a portion of the Underlying Fund's capital commitments (anticipated to be 20% to 30% of the total fund size) as a general partner in joint ventures with third-party investors to acquire or develop certain assets.

The strategy of the Spire Multifamily Value I (USD) First Cl managed fund is The Underlying Fund will seek to achieve a gross internal rate of return of 14% to 17% (11% to 13%, net of fund expenses, fees, and Cortland Enhanced Value Fund V GP LLC's (the General Partner) Carried Interest, as defined below) on a leveraged basis, through making investments in equity, debt, and other interests in, or relating to, multifamily real estate in the United States

The APIR code of the Spire Multifamily Value I (USD) First Cl managed fund is SPI7427AU.

Spire Multifamily Value I (USD) First Cl’s total return last month was -%. This was made up of a growth return of 1.47% and an income return of -%. These returns were calculated as at 30 Jun 2025.

Spire Multifamily Value I (USD) First Cl’s total return for the last three months was 1.47%. This was made up of a growth return of 1.47% and an income return of 0%%. These returns were calculated as at 30 Jun 2025.

Spire Multifamily Value I (USD) First Cl’s one-year total return is -5.42%. This was made up of a growth return of -5.42% and an income return of 0%. These returns were calculated as at 30 Jun 2025.

Spire Multifamily Value I (USD) First Cl’s one-year total return is -10.64%. This was made up of a growth return of -10.64% and an income return of 0%. These returns were calculated as at 30 Jun 2025.

The asset allocation of the Spire Multifamily Value I (USD) First Cl managed fund is :

Cash
2.83%
Property & Infrastructure
97.17%
Australian Equities
0%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Spire Multifamily Value I (USD) First Cl managed fund is Spire Capital Pty Ltd.

The Spire Multifamily Value I (USD) First Cl managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 30 Jun 2025, the size of the Spire Multifamily Value I (USD) First Cl managed fund was $17.6 million.

The Spire Multifamily Value I (USD) First Cl managed fund has an inception date of 1 Jul 2020.

The current entry price of the Spire Multifamily Value I (USD) First Cl managed fund is $0.8491 per unit and the current exit price is $0.8491 per unit (as at 30 Jun 2025).

The current exit price of the Spire Multifamily Value I (USD) First Cl managed fund is $0.8491 per unit and the current entry price is $0.8491 per unit (as at 30 Jun 2025).

The minimum initial investment amount for the Spire Multifamily Value I (USD) First Cl managed fund is $500,000. Minimum additional investment is $250000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.