The Fund's primary objective is to invest in the DHA Residential Property Fund No.1 ('DHA Fund'), which provides investors with exposure to a portfolio of Australian residential property acquired from Defence Housing Australia ('DHA') (the 'DHA Fund Portfolio').
The Fund's investment strategy is as follows: approximately 95% of the capital raised to be invested in the DHA Fund, and approximately 5% of the capital raised (up to a maximum of 20% of the total asset value of the Fund at any time, except during the Fund divestment phase) to be invested in cash, cash exchange traded funds ('ETFs') and property ETFs/REITS.