Australian Unity acquires 15 high quality SDA properties

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.

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.

Read more: Australian Unity SDA Fund acquires 15-property Casa Capace portfolio