Homes for life
We believe you can make money and do good. %)
Long term rental housing can generate steady returns for shareholders, as quality homes rented at fair rates tend to attract loyal, long-term tenants. In addition, warm, dry, affordable rental homes can act as a “fence at the top of the cliff,” helping to prevent 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. Because Simplicity Living both owns and manages its properties, internalising management costs allows a greater share of the returns to flow directly to the bottom line, enhancing shareholder value and ultimately benefiting Simplicity members.
Large-scale institutional investment in rental housing is common internationally but relatively new at scale in New Zealand.
