GreenFort Capital is making a play into the one shining light in Australia’s residential market – land lease housing for downsizing Baby Boomers – with the acquisition of a second community in Queensland’s Gympie region, which it wants to make part of an $800 million portfolio.
Alternative real estate fund manager GreenFort is again pairing with private equity firm Gaw Capital – with which it started collaborating in 2018 to develop its Reside Communities portfolio of retirement villages – on the purchase of Willow Village in Southside.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
