Qualitas Real Estate Income Fund secures AU$50 million warehouse facility

The Trust Company Limited of the Qualitas Real Estate Income Fund (ASX: QRI) announced that it had secured an uncommitted warehouse facility with a total commitment of AU$50 million, provided by a wholly owned subsidiary of Qualitas Limited. This Facility reduced the company’s cash-holding requirements. The cash crunch occurs because the company has to retain cash on hand in expectation of transaction settlements.

This Facility helps reduces the cash holding requirement for transaction settlement and enables them to maximize their invested capital. It also increases the probability of higher returns to the unitholder. The Facility is aligned with the company’s recent Initial Public Offering. The fundraising purpose was to increase the underwriting of assets available to its managed funds to assist with the growth at the fund level.

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