An excellent exposure to aged care for your SMSF – Ingenia

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How long have you held Ingenia Communities Group (INA)?

We have been on the register for several months and have only recently completed our buy program for the stock.

What do you like about it?

Ingenia is building a model that specifically addresses the ageing population and the growing dilemma of housing affordability for many of Australia’s retiring citizens. The company owns a portfolio of 44 senior living communities across Australia, including rental and deferred management fee villages. More recently, Ingenia has diversified into the highly fragmented manufactured home estates (MHE), acquiring six estates since March 2013, with a further nine proposed in the near term.

MHEs are structured around a capital light, land lease model, where the owner (in this case Ingenia) is able to capture both a stable rental stream and a development profit on the sale of the above ground fixture.

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