The RAM Australia 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.
| TARGET TOTAL RETURN | 15% 2-Year IRR (net of fees) |
|---|---|
| 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 |
| UNIT PRICING | Monthly |
|---|---|
| MINIMUM INVESTMENT | $50,000 |
| RESEARCH | Core Property rating : Recommended^ |
| PLATFORMS | Mason Stevens, Praemium |
| 1 MONTH | 3 MONTHS | 6 MONTHS | 1 YEAR | 2 YEAR | SINCE INCEPTION P.A. | SINCE INCEPTION CUMULATIVE | INCEPTION DATE | |
|---|---|---|---|---|---|---|---|---|
| RAM Australia Healthcare Opportunity Fund | 0.00% | 4.75% | 6.50% | 7.45% | 14.21% | 13.06% | 30.44% | 1 MARCH 2024 |
Returns as of 30th April 2026
Delivering a private mental health hospital through value-add initiatives.
The off-market site with development approval for an integrated medical hub was acquired for $6.5 million.
The site is located in an under serviced 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.
Settled
4,939m²
Ramsay Health Care, Queensland X-Ray
The off-market medical development opportunity is located in Inner Brisbane, 7 km from the CBD, adjacent to the Queensland Health Nundah community center.
RAM has successfully converted the property to an 11,000 sqm specialist healthcare precinct anchored by a new 58 bed private mental health hospital on a new 25-year lease. The precinct is also supported by Lumus Imaging, a GP and dental clinic, and various allied health providers.
Settled
11,119m²
iHM, Lumus Imaging
The mixed-use healthcare precinct is located only 7 kilometres from Sydney s CBD and walking distance from the main hospital building of the Royal North Shore Hospital (RNSH) precinct. Significant underlying land value allows long term flexibility for redevelopment, with alternate uses including medical strata suites due to the neighbouring hospital.
The asset has a net lettable area of 10,595sqm and features purpose-built laboratories and logistics facilities. The precinct offers diverse income streams from multiple tenants occupying specialised tenancies.
Settled
10,595m²
Stryker Corporation, The Royal College of Pathologists of Australasia
A management team with significant experience in asset and funds management, and property investment and management
Matthew has over 29 years of experience in global real estate markets across real estate development, investment and funds management.
Prior to joining Real Asset Management Group, Matthew was a Global Director and Head of Funds Management at QIC Global Real Estate, with responsibilities for Australian and United States capital transactions, wholesale funds and client mandates. As part of the leadership team at QIC Global Real Estate, Matthew oversaw all the group’s direct and unlisted investment activities and established QIC’s offshore capabilities in the United States.
During his 19 years at QIC, Matthew was part of both the development and asset management teams and capital transactions prior to leading the funds management group. Prior to joining QIC, Matthew worked for Lend Lease Development in various development roles in Australia.
Matthew holds a degree in Commerce, majoring in Finance, and a degree in Information Technology, majoring in Statistics and Applied Mathematics from Bond University, achieved through a Vice Chancellor’s scholarship. Matthew is a past member of the Queensland ULI and the Property Council of Australia Capital Markets Council.
Sam has over 20 years of experience in commercial real estate, having previously worked for CBIC (City of Brisbane Investment Corporation), Vicinity Centres, and Urbis.
Sam’s primary role for Real Asset Management Group in the last 5 years has been to grow and manage RAM’s medical portfolio. Key activities included listing the unlisted medical fund on the Australian Stock Exchange in late 2021, raising unlisted capital across high net worth, family office and institutional networks and developing and executing the acquisition and delivery of healthcare projects for RAM’s healthcare development fund. Sam has acquired over 25 medical properties in the last 4 years.
Prior to joining RAM, Sam was Portfolio Manager for CBIC, where he oversaw the retail portfolio and led the fund and investment function of the business. He worked across all facets, including capital transactions, development, asset management, lending, research, and fund analytics. Prior to his tenure at CBIC, Sam was a Senior Analyst for Vicinity Shopping Centres, the second largest-retail landlord in Australia. He was responsible for delivering on strategy for the development, leasing, capital transaction, and shopping centre management teams across a 100-centre national portfolio. Previously, Sam worked as an Associate Director for advisory firm Urbis, specialising in retail shopping centre and mixed-use development strategy. In this role, he managed the delivery of over 200 projects across both private and public sectors.
Adam has over 25 years of experience in the construction industry across Australia and the UK.
Prior to joining Real Asset Management Group, Adam worked as Executive Manager of Development and Construction at Healthe Care Australia, one of the country’s leading private hospital operators. In this role, he managed and delivered over $450 million in both brownfield and greenfield projects. Adam has extensive experience in healthcare development, having delivered approximately half a billion dollars in development value across Australia. His development portfolio includes 27 private, mental health and day hospitals, as well as 36 smaller projects and refurbishments. Adam’s successful track record in healthcare development plays an integral part of progressing RAM’s Healthcare Opportunity Fund.
Andrew has over 10 years of experience in the construction industry, with a proven track record of successfully delivering projects across multiple sectors.
Before joining Real Asset Management Group, Andrew worked at Armitage Jones, a project and development management consultancy, where he gained extensive experience managing projects of varying scales, from smaller refurbishments and fit-outs to large-scale developments. Most recently, he led the successful delivery of the $400 million integrated fit-out for the Australian Federal Police and managed the development application and contractor tender process for Australian Super’s $920 million portfolio of projects acquired through Assemble Futures. Andrew’s diverse experience enables him to effectively navigate complex projects and challenges at every stage of the development process.
REAL ASSET MANAGEMENT (RAM®) is an Australian alternative asset manager, providing investment solutions in Credit, Real Estate, and Private Equity markets, for institutions and wealthy families globally.
RAM was founded in 2010 and has a pan-Asia presence of 7 offices in Sydney, Melbourne, Brisbane, Auckland, Shanghai, Hong Kong and Manila. RAM provides more than 25 investment strategies and has a team of over 250 finance professionals managing circa A$8.2bn in assets.
We provide a global set of investment solutions through our group companies licensed by the Australian Securities and Investments Commission (AFSL 484263), the Securities & Futures Commission of Hong Kong (CE BGL803), and registered as a financial services provider in New Zealand (FSP1011247).
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