Homes for life
We believe you can make money and do good. %)
Rental housing can provide reliable investment returns because quality homes rented at fair rates tend to attract high quality loyal tenants, who often stay for the long term. And warm, dry, affordable homes, can be a ‘fence at the top of the cliff’ preventing costly health and social problems.
Many of Simplicity's diversified KiwiSaver and Investment Funds invest in a wholesale Property Fund that holds shares of Simplicity Living Limited, a developer and operator of high-quality build to rent homes.
Simplicity Living started in Auckland and its long-term aim is to build, own and operate over 10,000 quality rental homes across New Zealand. As Simplicity Living owns and manages the properties, a larger share of the benefits flow back to its shareholders and ultimately Simplicity members.
Investment in large scale rental housing is not new, just new to New Zealand. Many large pension funds globally own and rent houses for the long term.