OVERVIEW PROPERTY PORTFOLIO INVESTOR CENTRE FUND INFORMATION

RAM Essential Services Property Fund (ASX : REP)

RAM Essential Services Property Fund (ASX: REP) is an Australian Real Estate Investment Trust listed on the ASX and invests in high quality Australian medical and essential retail real estate assets, leased to essential services tenants.

The Fund’s objective is to provide investors with stable and secure income with the potential for both income and capital growth through an exposure to a high quality, defensive portfolio of assets with favourable sector trends.  The Fund is actively and professionally managed by RAM which has proven property expertise and a strong track record of delivering stable and growing returns through a hands-on and active management approach.

Unique investment proposition offering exposure to both primary health care assets and non-discretionary retail

RAM Essential Services Property Fund (ASX: REP) consists of a geographically diversified and defensive portfolio of medical and essential retail based properties, underpinned by a high-quality tenant profile including leading national supermarkets and private hospital operators, and offers growth opportunities through significant value-add development potential.

PROPERTIES
33

PORTFOLIO VALUATION
$706.3 million

OCCUPANCY
99.1%

WALE
7.1 YEARS

All numbers as of 31st August 2021, based on gross passing income. Valuation is based on Independent Valuations as of 31st August 2021 for all Properties in the Portfolio and inclusive of capital expenditure between Valuation Date and Allotment *.

Management Strategy

Create Australia’s leading Essential Service property fund with robust, reliable and growing cash flows generated by essential services tenants to provide investors with defensive and attractive income and a growing asset base.

Active Asset Management

An active asset management strategy with an ongoing assessment of leasing opportunities, repositioning potential, capital expenditure requirements and engagement with tenants.

Value-add Development

Aims to provide investors with earnings and capital upside through delivering the Fund’s value-add development pipeline.

Unique Acquisition Capabilities

Selectively acquire high quality assets in line with the Fund’s essential services theme that are predominantly leased to tenants with strong covenants on long-term leases.

Defensive Income Profile

Secure, defensive and high quality long-term income profile underpinned by leading national supermarkets and private hospital operators.

Sustainable and Attractive Growth

With its strong fundamentals, embedded portfolio growth levers and an active value-add development pipeline.

Experienced Manager

Benefit from RAM’s deep sector expertise and sophisticated management approach.

Board of Directors

The Board of the Fund comprises experienced and capable individuals with extensive business, industry and corporate governance experience.

Greg Miles

Chair and Independent Non-Executive Director

Greg Miles

Chair and Independent Non-Executive Director

Greg has over 35 years of experience in property investment, development, asset and funds management.

Greg has had an extensive background in retail, commercial and industrial assets over his career and has led teams to complete major transactions and many successful property developments. Greg was Chief Operating Officer of Scentre Group until his retirement (2015-2019). Prior to this Greg was a part of Westfield Corporations Executive Leadership team and was President and Chief Operating Officer Westfield Group’s US business (2012-2015).

Greg is currently a director of IP Generation Pty Ltd , an Advisory Board member of Till Payments Global Pty Ltd and was previously a director of the Shopping Centre Council of Australia.

Marianne Perkovic

Independent Non-Executive Director

Marianne Perkovic

Independent Non-Executive Director

Marianne has over 26 years of experience in executive roles and Board positions in the Banking and Financial Services industry in wealth management, financial advice and private banking across Australia, Hong Kong and Singapore.

Over the last decade, Marianne held a number of Executive General Manager positions with the Commonwealth Bank, including Private Bank, Wealth Management Advice and General Manager of Distribution at Colonial First State. Alongside her executive career she has also served as a director on a number of Boards, including subsidiaries of CBA, Trustee Boards and as a Committee Member for Non for Profit Organisations and Industry Associations. Marianne currently is a non-executive director, of Commonwealth Private Limited, a wholly owned subsidiary of Commonwealth Bank of Australia; non-executive director of Alpha Vista financial Services Limited, a fintech asset management business and is an Audit and Risk Management Committee Member of Luminesce Alliance.

Marianne holds a Bachelor of Economics with a Business Law major from Macquarie University and a Master of Business Administration from the Macquarie Graduate School of Management, she is a Graduate of the Australian Institute of Company Directors and a member of Chief Executive Women.

Bryce Mitchelson

Independent Non-Executive Director

Bryce Mitchelson

Independent Non-Executive Director

Bryce is a well-known veteran in the property industry and has more than 30 years’ experience in various capacities including valuing, transacting, investing and developing a broad range of property types including retail, office, industrial, residential, childcare and healthcare real estate in Australia.

In February 2019, Bryce retired from his role of managing director at Arena REIT Limited (ASX Code ARF), a social infrastructure property business he co-founded and listed some years earlier. For the five years until his retirement, Arena was the highest performing ASX300 A-REIT in the market.

Bryce holds a Bachelor of Economics (Accounting), Bachelor of Business (Property) and Graduate Diploma of Applied Finance and Investment.

Scott Wehl

Executive Director

Scott Wehl

Executive Director

Scott has over 24 years of experience in Global Wealth Management and Corporate Banking working for top tier global banks in Australia, London, and Hong Kong.

Prior to founding Real Asset Management, Scott was a Managing Director and Head of Banking Products International for UBS Wealth Management (“UBS WM”), leading a team of finance professionals in 17 countries. Over a 13 year career with UBS WM, Scott held various roles including the Head of Banking Products in the United Kingdom, and Head of Banking Products Asia Pacific. Prior to joining UBS WM, Scott began his finance career in corporate banking with National Australia Bank in Brisbane Australia.

Scott holds a Bachelor of Commerce from Griffith University Australia, and an Executive MBA jointly from Kellogg Business School and the Hong Kong University of Science and Technology.

Scott Kelly

Executive Director

Scott Kelly

Executive Director

Scott has over 28 years of experience in Global Wealth Management and Asset Management, working for top tier financial institutions in Australia and the United Kingdom.

Prior to joining Real Asset Management, Scott was a Managing Director and Head of Investment Products and Services for UBS Wealth Management Australia. There he oversaw the entire product offering for Australia’s premier wealth manager with $A24bn of assets under management. Scott has also held the position of National Sales Director for Macquarie Private Wealth Australia and prior to this Scott co-founded and was Managing Director of Corazon Capital, a specialist wealth and asset management business based in Jersey. Scott was also the Joint Head of Private Clients at Kleinwort Benson, after starting his financial career with Mercury Asset Management in London.

Scott holds a B.A. (Hons) degree in Business Management from the University of Leeds and is a Chartered Member of the Chartered Institute of Securities & Investment, UK.

Fund Management Team

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

Scott Wehl

Group CEO

Scott Wehl

Group CEO

Scott has over 24 years of experience in Global Wealth Management and Corporate Banking working for top tier global banks in Australia, London, and Hong Kong.

Prior to founding Real Asset Management, Scott was a Managing Director and Head of Banking Products International for UBS Wealth Management (“UBS WM”), leading a team of finance professionals in 17 countries. Over a 13 year career with UBS WM, Scott held various roles including the Head of Banking Products in the United Kingdom, and Head of Banking Products Asia Pacific. Prior to joining UBS WM, Scott began his finance career in corporate banking with National Australia Bank in Brisbane Australia.

Scott holds a Bachelor of Commerce from Griffith University Australia, and an Executive MBA jointly from Kellogg Business School and the Hong Kong University of Science and Technology.

Scott Kelly

CEO RAM Australia

Scott Kelly

CEO RAM Australia

Scott has over 28 years of experience in Global Wealth Management and Asset Management, working for top tier financial institutions in Australia and the United Kingdom.

Prior to joining Real Asset Management, Scott was a Managing Director and Head of Investment Products and Services for UBS Wealth Management Australia. There he oversaw the entire product offering for Australia’s premier wealth manager with $A24bn of assets under management. Scott has also held the position of National Sales Director for Macquarie Private Wealth Australia and prior to this Scott co-founded and was Managing Director of Corazon Capital, a specialist wealth and asset management business based in Jersey. Scott was also the Joint Head of Private Clients at Kleinwort Benson, after starting his financial career with Mercury Asset Management in London.

Scott holds a B.A. (Hons) degree in Business Management from the University of Leeds and is a Chartered Member of the Chartered Institute of Securities & Investment, UK.

Will Gray

Head of Real Estate

Will Gray

Head of Real Estate

Will has over 20 years of experience in real estate markets including 13 years in institutional real estate funds management working for top tier domestic and global institutions.

Prior to joining Real Asset Management as Head of Real Estate, Will was a Fund Manager at LaSalle Investment Management for seven years overseeing numerous products including core, core plus, value-add and opportunistic property funds. In this leading role, Will worked across all functions from opportunity identification, acquisition due diligence and all treasury related matters to asset management, leasing and development management. Prior to joining LaSalle Investment Management, Will worked for Queensland Investment Corporation (QIC) as a portfolio analyst across QIC’s two flagship wholesale funds (c.$13 billion in FUM) and also worked in a dual role in establishing and investigating new real estate business lines and opportunities in real estate markets. Will also gained extensive transactions experience prior to this in his role as a capital transactions executive at an ASX-listed investment trust.

Will holds a degree in Property Economics from the Queensland University of Science and Technology, and a Post Graduate Certificate in Applied Finance and Investment. Will is also a registered real estate agent and is a member of Large Format Retailers Association, the Property Council of Australia and the Urban Land Institute.

Ben Bochow

Chief Financial Officer (Real Estate)

Ben Bochow

Chief Financial Officer (Real Estate)

Ben has over 16 years experience in real estate finance having worked for private equity institutions in Australia and the United Kingdom.

Prior to joining Real Asset Management, Ben was Assistant Vice President of Finance at Curzon Advisers in London. There he oversaw the accounting and operations functions for several real estate portfolios across Europe. Prior to Curzon Advisers, Ben was Head of Real Estate Finance at Cambridge Place Investment Management in London.

Ben holds a Bachelor of Commerce majoring in Accounting from Deakin University in Melbourne, a fellowship of the Association Charted Certified Accountants (FCCA) and is a Certified Practicing Account (CPA) in Australia.

Doug Rapson

Asset Management, Director

Doug Rapson

Asset Management, Director

Doug has over 10 years of experience in commercial real estate having previously worked for JLL (Jones Lang LaSalle) and Urbis.

Prior to joining Real Asset Management, Doug worked as a Senior Executive in Capital Markets – Retail Investments at JLL with direct involvement in more than $1.75 billion in real estate transactions including a number of record sales results for Queensland assets. Doug was also a Senior Consultant in the Strategic Consulting business at JLL and Consultant at property advisory firm Urbis. He specialised in development and infrastructure advisory, structured transactions and economic and financial modelling providing him with an exceptional understanding of property fundamentals, transaction structures and economic trends.

Doug holds a Bachelor of Commerce majoring in Finance and a Bachelor of Business Management majoring in Real Estate and Property Development from the University of Queensland.

Sam Wood

Asset Management, Associate Director

Sam Wood

Asset Management, Associate Director

Sam has over 14 years of experience in Commercial Real Estate having previously worked for CBIC (City of Brisbane Investment Corporation), Vicinity Centres and Urbis.

Prior to joining Real Asset Management, Sam was Portfolio Manager for CBIC overseeing the retail portfolio and heading up the fund and investment analytics function of the business. He worked across all facets including capital transactions, development, asset management, lending, research and fund analytics. Prior to joining CBIC, Sam was a Senior Property Analyst for Vicinity Shopping Centres, the second-largest retail landlord in Australia. He was responsible for delivering strategic advice to the development, leasing, capital transaction and shopping centre management teams across the 100-centre national portfolio. Sam was also previously an Associate Director for advisory firm Urbis, specialising in retail shopping centre and mixed use development strategy. Sam managed the delivery of over 200 projects across the private and public sectors.

Sam holds a Bachelor of Business management majoring in Real Estate and Property Development from the University of Queensland.

Invest with RAM

Experienced manager with an established track record of delivering secure income and
strong risk adjusted returns through a hands-on and active management approach.

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*Investment returns are not guaranteed. Actual returns may differ from target returns for a range of factors including investment performance, taxation and indirect costs. The information contained herein does not have any regard to the specific investment objectives, financial situation or the particular needs of any person. This material has been prepared by RAM Property Funds Management Ltd (ABN 28 629 968 163; AFSL 514484) for informative and illustrative purposes only and should not be construed as legal, tax, investment or other advice. This material does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. All investments involve the potential for a loss of capital. Prospective investors should seek separate, independent financial and professional advice if required prior to making an investment to assess the suitability, lawfulness and risks involved. Indications of, and guidance on, future earnings and financial position and performance are “forward-looking statements”. Due care and attention has been used in the preparation of any forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the RAM Group, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. Except as required by law, the Group does not undertake any obligation to publicly update or review any forward – looking statements, whether as a result of new information or future events.
RAM Property Funds Management Ltd does not receive fees in respect of the general financial product advice they may provide, however entities within the RAM Group will receive fees for operating the stapled trusts comprising the RAM Essential Services Property Fund (Stapled) which, in accordance with the constitutions, are calculated by reference to the value of the assets of the Stapled Trusts. Entities within the RAM Group may also receive fees for managing the assets of, and providing resources to the Stapled Trusts. For more detail on fees, see our PDS.

“Our Investment Philosophy is built around keeping the investment process simple and transparent and ensuring our clients are at the centre of everything we do.”

Scott Wehl
Founder & Group CEO
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