Real Asset Management (RAM), an Australian-owned wealth and asset manager, is out to list its essential services real estate investment trust (REIT). The firm has also employed the former Head of Technology at MA Financial Group as its current Chief Technology Officer.
Real Asset Management to list essential services REIT
After the first indication of listing in December 2020, Real Asset Management will list its Essential Services Property Fund on the Australian Securities Exchange this week.
Real Asset Management’s Essential Services Property Fund is predicted to possess a market capitalization of USD 521.1 million and will preliminarily own 33 properties in Australia of USD 706.3 million worth, in essential retail and medical real estate assets.
The Real Asset Management fund bought 3 local hospitals for USD 100 million, from Canada’s Northwest Healthcare Properties, which are located in Taree New South Wales, Cooee Tasmania, and Dubbo New South Wales.
Craig Thompson, the former Head of Technology at MA Financial Group, has been employed as Real Asset Management’s Chief Technology Officer. Thompson was a part of the MA Financial Group for over 7 years, where he looked after the IT strategy, technology roadmap, and the transformation program of the firm.
Thompson was earlier the technical solutions consultant at Norton Fulbright (London) and the head of program delivery in Dimension Data Cloud Services (Australia).
As the Chief Technology Officer, Craig Thompson will drive Real Asset Management’s digital transformation trail. Thompson will also process the firm’s onboarding procedure for Real Asset Management’s high net worth customers and facilitate direct access to Real Asset Management funds via novel digital alleyways.
Thompson stated that RAM has witnessed a beneficial growth curve over the past few years. He expressed his delight to be able to join the firm’s team during their profitable growth period. He said that RAM possesses the benefit of being modernized owing to its ground-breaking capacities which birth endless possibilities.
Scott Kelly, RAM Chief Executive, stated that Craig Thompson was an intensely adaptive, driven, and innovative tech executive who possessed vast expertise in the tech field. Kelly indicated that Thompson held a stain-free track record in enhancing and executing IT strategies, driving new-fangled business capacities, and resolving business challenges through the boon of technology.