Arena launches into disability housing sector with Adelaide deals

Arena REIT has forged into the emerging asset class of disability housing with the acquisition of three facilities in Adelaide for $23.95 million.

While a small exposure for Arena, the move is a significant vote of confidence in the nascent sector which is attracting increasing attention from institutional investors.

In what is being billed as potentially a $5 billion housing asset class, the emerging sector is backed by National Disability Insurance Scheme funding for the development of specialised accommodation for people with disabilities.

Click here to read more

Source: The Financial Review