Grey Power March 2017

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NZ GREYPOWER MAGAZINE » MARCH 2017
Retirement villages – a Kiwi success story
We know Kiwis are living longer and enjoying a healthy
and active retirement, especially nowadays, with 2016
marking the 70th anniversary of the arrival of the first
post-war baby boomers.
We are continually being told in
the media how the increasing
number of senior New Zealanders
is creating a booming retirement village
sector.
It’s hard not to notice the ever-growing
number of large-scale retirement villages
that dot the New Zealand landscape.
And still more retirement villages are
planned.
Latest reports show that building consents
for retirement villages continue to
rise as operators expand to meet the demands
of New Zealand's ageing population.
Not only does retirement village living
meets the needs of senior New Zealanders,
offering both security and a great lifestyle,
the growth in this industry is significant
as it enables retired people to vacate their
family homes, thus helping to alleviate
New Zealand’s housing shortage.
Local authority support for new retirement
villages is an acknowledgement that
the industry has an important role to play
in solving this housing supply problem.
The Occupation Right Agreement
(ORA) model that most retirement villages
in New Zealand operate has been
developed by Kiwi industry leaders, regulators
and advisors. The Kiwi way is now
seen globally as the way forward and a
benchmark for many countries including
the UK and Australia. We hear with pride
about New Zealand operators exporting
their success to new villages in both these
countries.
It is forecast that just over 11 villages
annually are required In New Zealand for
the industry to keep up with demand. We
estimate that to meet this target, half of
these villages will need to be developed by
independent operators.
At Senior Trust we are focused on supporting
these experienced, skilled, independent
operators in developing new villages
or expanding their existing villages.
By providing the funding they require, we
can deliver a premium return to our investors
and play our part in supporting the
industry in meeting demand.
As the specialist lender to the retirement
village sector, the management
team at Senior Trust have been involved
in the retirement village sector since 1999
and have a proud history of supporting 19
retirement villages throughout New Zealand.
Before we make a loan an independent
registered valuer assesses the market
value of the assets and all mortgages
are capped at 60 percent of this independently
assessed value of the security. This
conservative approach has served us well
and we have a long track record of success
delivering attractive returns to investors.
Many of Senior Trust’s family of investors
are seniors who, over the years, have
been investing and re-investing in a sector
they understand and for which they have
an affinity.
“Many of our investors are retirees
themselves and are looking for a fair return
to maintain their lifestyle,” says Senior
Trust’s John Jackson. “Just as important,
circumstances can change, and
our investors need to be able to cash up
their investment if required. As the fund
is listed on the NZX Main Board (stock exchange)
they have the ability to sell their
units if they so wish”
The Fund’s current offering has a targeted
investment return of 6.0 percent*
pre-tax per annum.
Investors wanting their capital to work
harder can find out more at Senior Trust’s
website www.seniortrust.co.nz which
provides further information about the
Fund, contact details and an application
form.
The units in the Senior Trust Retirement
Village Listed Fund have been approved
for quotation on the NZX Main
Board. However, NZX Limited (NZX) accepts
no responsibility for any statement
Joke corner
in this document The NZX Main Board is
a licensed market operated by NZX, which
is a licensed market operator, regulated
under the Financial Markets Conduct Act
2013.The minimum subscription is $100
and applications for investment will only
be accepted on the form supplied. *The
return of capital and the 6.00 percent p.a.
(before tax) targeted distribution rate is
not guaranteed. The targeted distribution
rate is the estimated net return derived
from loans made by the Fund. The target
is calculated after making an allowance
for the deduction of fixed costs from the
predicted interest income flow. The actual
distribution rate paid may vary. Please
note Senior Trust does not provide financial,
investment, tax or any other type of
advice. Before making an investment decision
you should seek independent, professional,
financial and/or legal advice relevant
to your circumstances. We strongly
recommend you read the Senior Trust Retirement
Village Listed Fund Information
Memorandum for QFP offer.
Wine is not the only drink good for you.
Interview with 101 year-old
Hattie McDonald of Moose Jaw,
Saskatchewan.
Reporter: Can you give us some
health tips for
reaching the age of 101?
Hattie: For better digestion I drink
beer. In the case of appetite loss I drink
white wine. For low blood pressure
I drink Red Wine. In the case of high
blood pressure I drink scotch.
And when I have a cold I drink
Schnapps.
Reporter: When do you drink water?
Hattie: I've never been that sick.