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Ingenia Gardens Portfolio

TRANSACTION: Limited Invitation Only Expressions of Intetrest
LOCATIONS:
Swan View, 301 Morrison Road, Swan View WA
Seville Grove, 15 Brechin Retreat, Seville Grove WA
Seascape, 2 Bower Drive, Erskine WA
Ocean Grove, 5 Sticks Blvd, Mandurah WA
Carey Park, 130-134 Forrest Avenue, Bunbury WA
Yakamia, 10 Barnesby Drive, Albany WA
SOLD: 2024
PRICE: $44 Million

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ACSL Property managed the sale of Ingenia Gardens Western Australian rental village portfolio on behalf of Ingenia, to Eureka Communities

Aerial view of a suburban residential area with houses, a small shopping center with a parking lot, and a sports field with goal posts, under a partly cloudy sky.
An aerial view of a residential neighborhood with houses featuring solar panels on their roofs, surrounded by trees, lawns, parking areas, and streets.
Aerial view of multiple buildings with solar panels on roofs, surrounded by green trees, paved pathways, and parking areas.
Aerial view of a residential complex with multiple buildings, green lawns, trees, parking lots, and solar panels on some rooftops.
Aerial view of residential buildings with solar panels on roofs, a small courtyard with pathways and greenery, and a parking lot with cars at the top of the image.
Aerial view of a residential area with multiple houses featuring light-colored roofs, surrounded by green lawns, streets, and some parking lots.
Aerial view of a residential complex with multiple buildings covered in solar panels, surrounded by parking lots and green fields.
Residential house with a yard, green lawn, trees, and plants under a blue sky.
A courtyard with flowering bushes, leading to single-story buildings with cream-colored brick walls and metal roofs, shaded by trees, with a clear blue sky overhead.
An aerial view of a small courtyard with a circular brick pathway, surrounded by green grass, shrubs, and trees. There are buildings with metal roofs, some covered with solar panels, casting shadows on the ground.
Aerial view of residential complex with multiple buildings featuring solar panels on metal roofs and a green courtyard with a circular brick pathway and landscaped garden.
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THE ASSET

The portfolio comprised six established over-55s rental villages across South West Western Australia, totalling 321 units. The villages delivered affordable seniors accommodation with 98.8% occupancy, generating stable and recurring cash flows underpinned by Government payments, including pensions and rent assistance.

The investment provided immediate scale and delivered $3.6 million in operating EBIT. It created a platform for lasting social impact through accessible, community-focused housing, offering a low-risk, high-stability income stream supported by essential service demand.

THE PROCESS

ACSL Property conducted a highly confidential, invitation-only, two-round off-market Expression of Interest campaign on behalf of a publicly listed ASX seniors living operator. The transaction involved multiple villages with substantial staff and resident populations, necessitating strict adherence to probity and confidentiality protocols. These were upheld throughout the campaign, with no market leaks or disruptions. Strategic buyer engagement and tailored feedback were employed to maintain competitive tension across both rounds.

THE RESULT

The process attracted four exceptional offers from qualified parties. Competitive tension was effectively leveraged, and through a carefully managed selection process, a preferred party was identified. The outcome delivered a strong commercial result for the vendor while preserving operational stability across the portfolio.

Role clarification: Shane Nicholson, Director of ACSL Property, was solely appointed as the broker and managed each listed transaction from initiation to close. While some assets may have been sold under a different masthead, Shane was the key personnel in all cases.

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