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  • AccretivPLUS

  • HEALTHCARE PORTFOLIO LIMITED
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OrbVest
AccretivPLUS (ACC+) has been established to consolidate the interests of investors in syndicated individual
healthcare buildings across the United States, currently managed by OrbVest. The purpose of the consolidation
is to assemble a large and attractive portfolio of stable income producing healthcare real estate with the ultimate
goal of generating a profitable exit in 5 years and a consistent quarterly dividend yield during this growth period.
The identified target 30 buildings are all attractive profitable assets spanning 9 states predominantly in the smile
beltand located in the fastest growing cities and counties, where income is derived from longterm leases entered
into with an excess of 140 healthcare providers.

Stronger Together

The current portfolio has consistently distributed more than 7% COC at project level. But the benefits
of a portfolio will improve efficiencies and provide a significantly better outcome while also lowering the
overall risk by establishing diversification. It also provides a platform to accelerate the growth and quality
of the portfolio to take advantage of the opportunity where current economic conditions have created a
strong buyer’s market.


*Note that the data displayed above shows the combined 29 buildings that have been identified for inclusion in the portfolio. Not all of these buildings will qualify for inclusion at the time of consolidation.

Company Info

Structure
Incorporated in the Republic of Seychelles on 5 October 2015
Seychelles Company Number 173190
Share code: ACCPLUS

Sponsor Advisor
PKF Capital Markets (Seychelles) Limited
Date of issue: 26 October 2023

Corporate Information and Advisors
Registered Address
105, First Floor,
Waterside Property,
Eden Island,
Seychelles

Business Address
105, First Floor,
Waterside Property,
Eden Island,
Seychelles

Auditors
Moore Infinity
Silver Stream Business Park,
10 Muswell Rd, Bryanston,
Sandton, 2191,
South Africa

Sponsor Advisor
PKF Capital Markets (Seychelles) Limited
104, First Floor,
Waterside Property,
Eden Island,
Seychelles

Company Secretary
International Investment Services
104, First Floor,
Waterside Property,
Eden Island,
Seychelles

Website
www.accretivplus.com

Directors
Louw Viljoen (49) South African Director
Waterside 1 Limited Seychellois Director

Investment Highlights

Medical Office Buildings
Once full consolidation is completed the portfolio will include a diversified tenant mix of more than 140 medical professionals including heavy medical installations like surgical centers, Imaging centers, pathology laboratories, rehabilitation facilities, dentists, specialty care, and complimentary feeder family medicine practices, with low exposure to office tenants.


Returns
The purpose of the ACC+ venture is to maximize the value of the portfolio in preparation for an exit in 2028 at the highest possible price, however, this is an income product and is targeted to generate between 5%-9% annualized cash-on-cash return with a targeted exit IRR ranging from 11%-17%. These returns are based on the projected performance of the underlying assets and are designed to mirror a REIT where 90% of the net income is distributed to investors.

Cost
AccretivPARTNERS will charge a management fee of 0.5% (50 basis points) to manage ACCRETIVPLUS. AccretivPARTNERS also manages the underlying assets where additional fees are incurred in line with industry norms, that will include fees for the sourcing of Equity and debt, property management, asset management, due diligence, construction, and dissolution fees, as well as a performance waterfall, which are built into the cash flow of the underlying investment properties.

Funding
ACC+ will remain open for 5 years to continue to raise new equity and the price at which new shares are issued will appreciate according to the value of the assets under management (AUM). At the SPV level where the building is held, there will be debt of approximately 60% debt and 40% equity. 

Holding Period
The investment period is 5 years from 2023 to 2028, but with liquidity events, from June 2024 onwards, limited to 5% of the issued share capital at that time, as prescribed in the memorandum and articles. 


 

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Invest Summary

  • Deal Type: Investment
  • Sponsor: Multiple
  • Hold Period: 5 YR
  • IRR: 11%-17%
  • Funding Goal:$100,000,000
  • Investment Type: Medical Office
  • Min. Investment: $5,000
  • Accretiv Plus Brochure

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