About the Fund
Established in 2015 with R2bn of investor commitments, the Old Mutual Retirement Accommodation Fund (OMRAF) has the objective of providing investors with attractive risk-adjusted returns by making investments into retirement accommodation assets which address the unique accommodation needs of the South African retired market, such as security, healthcare and other support services.
OMRAF invests in new developments and existing facilities, across life right, sectional title, freehold and rental typologies, as well as associated retirement services, in partnership with experienced developers, specialist operators and service providers, to provide quality retirement accommodation solutions to the retired market.
OMRAF aspires to make a positive contribution to the development of the retirement accommodation sector in South Africa.
We are proud of the impact OMRAF has made to date:
- Financed and invested in 12 retirement villages
- 1 700 completed units, including frail care and assisted living units
- 500 units under construction or in committed pipeline
- Enhanced access for elderly market to security, healthcare and other support services across our investments
OMRAF has constructed its investment portfolio to maximize both investor outcomes and retirement accommodation sector impact.
Its portfolio is diversified across five investments and ten retirement villages, in three provinces, across life right, sectional title, freehold and rental typologies, including assisted living, frail care and healthcare facilities.
OMRAF is further diversified between new developments and existing facilities, and across debt and equity investments, providing investors with a stable return with good upside potential.