Dixon Advisory’s URF flags buyback, restructure

Carrie LaFrenz and Jonathan Shapiro

Jun 14, 2022 – 12.34pm

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Dixon Advisory’s troubled US Masters Residential Property Fund has flagged a restructure in tandem with a buyback following the last-minute failure of a sale to a US fund.

The decision by Brooksville, and its private equity partner, Rockpoint, to ditch the purchase of the $US507 million ($731 million) portfolio of New Jersey homes and apartments came as a surprise to the board of E&P Financial, the responsible entity of the US property fund known as URF, in late May.

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.