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| Asia Pacific Investment Company Funds | APIC 2 operates as a core plus fund in the Singapore market. It is a retail focused, closed-ended, unlisted wholesale property fund. The Fund is fully invested.
APIC 2 is a follow-on vehicle to an earlier fund, APIC, which was established in 1995 as a real estate opportunistic fund. APIC was restructured and was recently wound-up. Following the restructure of APIC, APIC 2 acquired APIC’s core retail properties.
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| APPF | Australian Prime Property Fund – APPF operates as three sector-specific, core funds in the Australian market. They are open-ended, pooled, unlisted wholesale property funds, allowing investors the flexibility to determine their own allocation across the retail, commercial and industrial property sectors. The three sector-specific funds are APPF Retail, APPF Commercial and APPF Industrial.
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| Closed end fund | Wholesale investment vehicle with a predefined life span.
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| FUM | Funds Under Management – represents the gross market value of real estate and other related assets managed on behalf of investors.
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| LLAuCF1 / Lend Lease Communities Fund 1 | LLAuCF1 operates as a closed-ended, unlisted wholesale property fund in the value-add segment of the risk / return spectrum. The Fund is Australia’s first wholesale residential communities fund and is the first of a proposed series of vehicles.
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| LLAuCPF / Lend Lease Core Plus Fund | LLAuCPF operates as an open-ended, unlisted wholesale property fund in the Australian market targeting properties in traditional sectors and non-traditional sectors.
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LLAuREP1 & LLAuREP2
Lend Lease Real Estate Partners (REP) | The REP Funds operate as a series of enhanced, non sector-specific funds in the Australian market. They are closed-ended, unlisted wholesale property funds. Two REP Funds have been launched to date. The first fund has been wound-up.
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| LLAsRIF / Asian Retail Investment Fund (ARIF) | LLAsRIF operates as a develop and hold, unlisted wholesale property fund offering investors the opportunity to participate with Lend Lease in the development, repositioning and long term ownership of Asian retail properties, predominantly in the Singapore retail market.
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| MUPFI | Mercer’s Unlisted Property Fund Index.
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| S-REIT | Singapore Real Estate Investment Trust.
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| Terminal yield | The capitalisation rate applied to an investment’s final year cash flow in order to produce an anticipated sale price for discounted cash flow valuations.
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