ClickCease Healthcare Opportunity Fund│Medical Property Fund

RAM Australia Healthcare Opportunity Fund

Invest in the highly sought-after healthcare real estate sector

18-20% 3 Year IRR
Target total return*

4-6% Distribution
Target distribution post portfolio establishment



The RAM Healthcare Opportunity Fund (“HOF”) is an open-ended property fund aimed at building a portfolio of premium healthcare real estate assets in Australia through asset repositioning and development. It offers investors rare access to the scarce and defensive healthcare real estate asset class.

Strong capital return over medium term investment horizon

Low risk “build-to-core” strategy of premium Australian healthcare assets

Security of capital and liquidity options

Rare access to the scarce and defensive healthcare real estate

Invest with confidence given RAMʼs listed track record and strict compliance and governance controls

HOF aims to be at the forefront of the evolving healthcare landscape, supporting the increasing demand for healthcare facilities and strengthening the resilience and growth potential of the Australian healthcare real estate market.

LOCATION Metropolitan and larger regional cities in Australia
TARGET EQUITY RETURNS* Targeting 18-20%* total return with 4-6% distribution target post portfolio establishment
BORROWING Targeted gearing of 50% LVR (max 60% at a portfolio level)​
TERM Open-ended with quarterly liquidity facility
FUND TYPE Registered, open-ended unit trust


*Gross of fees. Investment returns are not guaranteed. Actual returns may differ from target returns for a range of factors including investment performance, taxation and indirect costs. Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the RAM Australia Healthcare Opportunity Fund. Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). The Investment Manager for the Fund is RAM Healthcare Property Investment Management Pty Ltd (ACN 667 163, AFSL No. 484263.) This material has been prepared by Real Asset Management Group to provide you with general information only. In preparing this material, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Real Asset Management Group, Equity Trustees nor any of its related parties, their employees or directors, provide and warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the IM before making a decision about whether to invest in this product.

Investment Strategy

  • Invest in the sought-after healthcare sector
  • Targeting a range of development, value-add, and core plus opportunities
  • Culture of active management and risk mitigation through depth of operator relationships
  • Integrated approach with in-house development and tenant/partner relationship management
  • Significant deal flow pipeline sourced both on and off market
  • Operator-led mandates and network planning initiatives

Key Seed Assets

19-21 Middle Street Cleveland, QLD


The off-market site with development approval for an integrated medical hub was acquired for $6.5 million. The site is located in an underserviced metropolitan growth catchment east of Brisbane. RAM proposes to develop a circa 5,000 sqm medical hub with hospital, specialist consulting, and allied health services integrated over four levels with basement parking. RAM has secured ASX-listed Ramsay Health Care for a ~1,400 sqm day surgery on a 25-year lease.

20 Nellie Street Nundah, QLD


The off-market medical development opportunity is located in Inner Brisbane, 7 km from the CBD, adjacent to the Queensland Health Nundah community center. The property is currently under construction, with an expected completion in the latter half of 2023. It will serve as a health, medical, and lifestyle precinct over 10,000 sqm (GFA) anchored by a top-tier private hospital operator with a new 25-year lease.

Fund Management Team

A management team with significant experience in asset and funds management, and property investment and management

Investment Management

Matthew Strotton

Executive Director, Head of Real Estate

Sam Wood

Director, Funds Management
Healthcare Project Sourcing & Delivery
Adam Thompson-headshot

Adam Thompson

Development Director

Why Healthcare Assets?

Healthcare is a largely inelastic and non-discretionary expenditure with limited exposure to negative macro-economic factors. The Australian healthcare real estate sector is generally characterised by resilient and consistent income profiles, supported by state and federal governments which typically account for 60% of all funding.

RAM Approach to Asset Selection

A top-down and bottom-up approach adopted for asset selection and risk tolerances that contributes to RAMʼs longer term strategic and near term tactical views.

Disruptive factors Macro economic including geopolitical climate Government policy risk Demographic drivers including population growth and affluence measures Capital market and capital demand Longer term view on space market fundamentals Financial markets & Australian market demand Space demand fundamentals Locational features including scarcity Access to current and planned infrastructure Local and state planning regime Competitive position and forecast supply review Replacement cost analysis Value-add alternatives

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