Australian Unity today announces it has signed a contract for its Specialist Disability Accommodation (SDA) Fund to acquire Casa Capace’s portfolio of 23 Specialist Disability Accommodation properties from a consortium of investors including majority holder Australian Ethical. Settlement on the transaction is effective today.

The sale followed a limited tender by invite, under which Australian Unity was selected as the preferred bidder.

Casa Capace’s SDA portfolio consists of 15 clustered house and villa SDA projects and a further eight development sites located across metropolitan and regional New South Wales and Victoria. 

The 15 operating properties, which maintain consistently high occupancy, are designed to best practice standards by Casa Capace, a founding member of the sector peak body, the SDA Alliance alongside Australian Unity. Since 2024, the properties have been managed by Vera Living, an existing SDA provider to the Australian Unity SDA Fund.

The acquisition expands the footprint of Australian Unity’s SDA Fund to 376 high quality participant places across Victoria, NSW, QLD, WA, and ACT, with a gross asset value exceeding $285 million. In particular, it increases Australian Unity’s SDA presence in New South Wales from 20 to 91 participant places.

Jacob Edwards, Fund Manager Specialist Disability Accommodation Fund, said the Casa Capace portfolio has a strong natural alignment with Australian Unity’s SDA portfolio.

“We’re proud to be expanding Australian Unity’s SDA Fund portfolio with the addition of these highly attractive properties, which are built to the SDA Alliance’s best practice design standards and naturally share the same principles and characteristics as those in our portfolio. 

“It’s an acquisition that strengthens Australian Unity’s New South Wales presence and our national leadership as an investor in purpose-built SDA, with an approach combining scale, technical expertise, and deep industry relationships.”

Australian Ethical, the lead vendor, was a cornerstone investor in the Australian Unity SDA Fund when it launched in April 2020.

 

Ends

 

Media contact

T: 1300 408 776
E: media@australianunity.com.au

About the Specialist Disability Accommodation Fund

The SDA Fund invests in accessible residential property that has been purpose built for people living with disabilities. The Fund operates as a landlord only, with rent paid by the National Disability Insurance Scheme (NDIS) on behalf of residents. The SDA program is a key pillar of the NDIS, designed to provide residents choice and control over where, how and with whom they live.

Performance since inception 

The Fund’s Internal Rate of Return (IRR) since inception is 7.25% p.a.¹
¹Effective 31 March 2026. Returns are calculated after fees and expenses. Performance has been calculated in accordance with FSC Standard No. 6. Past performance is not a reliable indicator of future performance. Inception date for performance calculations is 31 December 2020, Fund inception was 3 April 2020.

 

About Australian Unity

Established in 1840, we are Australia’s first wellbeing company, delivering health, wealth and care services for our members and the community.
As a social enterprise, we’re motivated by our purpose to positively impact the wellbeing of millions. We reinvest profits to sustainably deliver products and services that matter most to our members, customers and the community. 

Important information

Units in the Australian Unity Specialist Disability Accommodation Fund are issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No 234454. The information provided here is general information only and current at the time of publication. The information is not intended to be relied upon as financial product advice and does not take into account the objectives, financial situation or needs of any particular investor.  In deciding whether to acquire, hold or dispose of the product you should obtain a copy of the Information Memorandum and consider whether the product is appropriate to your particular circumstances and objectives. A copy of the relevant Information Memorandum is available by calling our Investor Services team on 1300 997 774. Prior to investing in any financial product, an investor should seek professional financial and taxation advice. Investment decisions should not be made upon the basis of its past performance or distribution rate or any rating by a rating agency, since each of these can vary. Forecasts are subject to internal and external risks and uncertainties that may have material effect on future business. Actual results may differ materially from any future results or performance expressed, predicted, or implied by the statements contained in this document. As such, undue reliance should not be placed on any forward-looking statement. Investment is only available to investors who are ‘wholesale clients’ for the purposes of section 761G of the Corporations Act. This information is intended for recipients in Australia only.