What we do: Transcend Residential Property Fund Ltd is a specialised residential property owner and currently holds a portfolio of 13 properties, comprising 2,472 units, located in Gauteng, the Western Cape and Mpumalanga, South Africa. Transcend focuses on a defensive asset class that delivers housing to a heavily underserviced portion of the real estate market with affordable rentals. Rentals in Transcend’s portfolio range from R3,000 to R7,000 which is the sweet spot for a growing middle class in South Africa’s urban centres. In South Africa, 80% of tenants rent for less than R7,000 per month with 85% of the tenants in good standing.
Ownership & Management: Transcend is 90% owned by the SA workers Housing Fund and 10% owned by public shareholders. The company is managed by a strong management team and is listed on JSE Altx. The company operates at Loan-to-Value ratio of 44% and vacancy rate of 7%.
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Track record: The properties are well-located properties are all stabilised, have track records of consistent and strong rental performance and are strategic assets that we expect to achieve steady rental income growth and capital growth over time. The company was listed on the JSE Altx on 1 December 2016.
Client contact details: Tel: (+27) 11 300 8600 Email: email@example.com Address: 54 Peter Place, Peter Place Office Park Block G, Glassgow House, Bryanston, South Africa. Website: http://transcendproperty.co.za
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