ING Real Estate Community Living Group (ILF)

ING Real Estate Community Living Group (ASX code: ILF) is an externally managed ASX listed stapled real estate investment trust that owns, manages and develops a diversified portfolio of seniors housing communities. The Fund has total look-through assets under management of $644 million with operations predominantly throughout Australia and the United States. ILF also owns a small portion of student accommodation in New Zealand.

Strategy

The Fund is focused on providing unitholders with exposure to a quality, high performing portfolio of seniors communities, enhanced by an increased emphasis on development opportunities.

ILF operates across three core segments being: Australian Rental and Australian
Deferred Management Fee (DMF) and US Rental. The strategy for each of these segments is:

• Australian Rental: provision of affordable quality rental accommodation to
  pension‑supported seniors over the age of 65;
• Australian DMF: provision of quality seniors accommodation in residential communities to self-funded retirees over the age of 70; and 
• US Rental: provision of quality rental accommodation and care services to self-funded and support-funded seniors over the age of 75.

Key data as at 30 June 2011