Du Val resumes rental fund distributions, at 2.25%

Investors sought legal advice when Du Val suspended distributions. (Image: Du Val)

Wed, 26 Apr 2023

Du Val Capital Partners says it will resume payments to investors in its build-to-rent limited partnership - but has slashed the distribution rate to 2.25%.Distributions in the fund - backed by its two Auckland build-to-rent properties with a combined 171 rental units bought for $34 million in July 2021 - had been pegged at an initial rate of return of 8% with a minimum investment at $250,000. That was almost immediately pared back to 7% and then 4.5% last year. Distributions were suspended completely for the past quarter, with the fund...

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