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Liverty Housing and Conscious Investment Management grow partnership of Specialist Disability Accommodation

July 9, 2024

Leading Specialist Disability Accommodation (SDA) service provider Liverty Housing, formerly known as Summer Housing, has extended its partnership with impact investing firm Conscious Investment Management (CIM), with CIM’s dedicated SDA fund providing financing to a registered charity to acquire an additional 44 operational SDA dwellings.  This transaction means that, in partnership with Liverty Housing, CIM has financed 116 SDA dwellings and 11 overnight support assistance dwellings.

The transfer of these SDA dwellings, which are located across Victoria, New South Wales and Queensland, is a significant development in the strategic direction of Liverty Housing, that has made the decision to move away from asset ownership and focus internal resources on continuing to deliver exemplary services to their tenants and driving innovation in the SDA sector.

Liverty Housing has a rich history of supporting Australians with disability, established five years ago to replicate and scale housing projects developed by the Summer Foundation. As pioneers in the field, Liverty Housing has played a pivotal role in shaping a new model of supported disability accommodation, ensuring people with disability have access to specially designed homes that maximise their independence.

CIM has been investing in the SDA sector since February 2020, partnering with Liverty Housing to deliver high-quality, long-term accommodation in underserved areas of SDA. This transaction reinforces the long-standing partnership between CIM and Liverty Housing and reiterates both parties’ commitment to the SDA sector and to providing ongoing, innovative and best in class SDA dwellings and supports for tenants with disabilities.

Liverty Housing says their ongoing partnership with CIM, and this transaction in particular, is a pivotal moment for Liverty Housing and the broader SDA sector.

"As market leaders and innovators, Liverty Housing has embraced the challenges inherent in transforming a long-established market to pave the way for the next wave of innovation in specialist disability accommodation.

Our vision remains unwavering — to revolutionise support for people with disability, offering genuine choice and control. We aim to see all individuals with disability and complex care needs living in high-quality housing that enhances their health, well-being, and community participation.

We are grateful to financing partners like CIM, that provide much needed capital to support growth in the sector and serve the communities in which we operate. Our partnership now covers 116 properties across Queensland, New South Wales, Victoria and South Australia, and we look forward to continuing our work together to further expand this portfolio.

During this transaction, tenants will experience no disruption to their accommodation. Liverty Housing is engaged in discussions with CIM, an experienced SDA investor, to ensure the seamless transition of our assets, and we will continue to engage with our tenants throughout this transaction.

Liverty Housing looks forward to the positive outcomes of this historic SDA transaction and remains committed to setting new benchmarks for excellence in specialist disability accommodation,” says Stuart Miller, CEO of Liverty Housing.

Matthew Tominc, Chief Investment Officer at CIM, says that CIM’s continuing partnership with Liverty Housing will result in ongoing positive outcomes for tenants:

“We believe that by financing disability housing alongside Liverty Housing at a large scale, we can continue to improve tenants’ quality of life. This latest transaction demonstrates both CIM’s continuing support of Liverty Housing and their strategic direction, and also CIM’s continuing support of the broader SDA sector and the residents who occupy the homes.

We look forward to continuing to support the next wave of innovation in SDA dwellings alongside Liverty Housing, with the ultimate aim of providing high-quality housing for tenants.”

CIM’s SDA Fund financed this investment using a combination of equity capital from its values-aligned investors and a new senior debt facility provided by the National Australia Bank.

Conscious Investment Management was advised by Kain Lawyers and Deloitte, and Liverty Housing was advised by Arnold Bloch Leibler.

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