Overview
Westbrooke Stac (“Student Accommodation”) Preferred is the next phase in the evolution of Westbrooke’s successful, c.R800 million Westbrooke Stac investment strategy. In the context of a challenging economic climate, Westbrooke Stac Preferred seeks to reduce risk and enhance alignment by investing in a preferred position in the student accommodation equity capital stack. This is achieved by co-investing alongside experienced, reputable student accommodation operators into a portfolio of geared property-backed student accommodation operations situated in strategically located student nodes across South Africa, in transactions whereby investor capital ranks ahead of that of our partners.
Key investment
highlights
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100% tax deductible |
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Co-investment alongside best of breed student accommodation operators with track records of success |
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Preferred equity investment positioning reduces risk and enhances alignment with partners, who stand as first loss capital |
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Investment into a portfolio of income-generating, geared student accommodation properties across South Africa |
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Targeting a c.7% annual dividend yield based on net investment (gross investment less the tax deduction) which is payable semi-annually |
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Participation in a strong capital growth underpin, driven by annual rental escalations in the underlying properties |
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Exit after 5 years, through either a listing, sale to a strategic buyer / partner or an open-market disposal |
investment insights
This video gives you the opportunity to hear directly from our existing student accommodation partners and provides insights into the type of businesses that Westbrooke Stac Preferred may invest in, as well as their impact on the SA economy and job creation.
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