Acure Asset Management

What Acure Asset Management does

Acure Asset Management Limited is an Australian real estate funds management group headquartered in Perth, Western Australia, that structures and manages unlisted property trusts for wholesale (sophisticated) investors. Since commencing operations in 2012 the firm has established 20 investment funds — 15 active and 5 wound up — spanning office, retail, industrial, and hospitality assets across Australia, with cumulative capital raised of circa A$725 million across past and present vehicles. Its funds are closed-ended unit trusts with 5-7 year terms that target monthly or quarterly income distributions of 8-9% p.a. and IRRs of 12-18.6% p.a., underwritten through active asset management including lease renegotiation, refurbishment, repositioning, and rezoning.

The firm's operating model rests on three core components: deal-by-deal single-asset trust origination where each property becomes a discrete wholesale fund; a multi-state distribution footprint with dedicated business development executives in Western Australia, Victoria, New South Wales, Queensland, and Singapore; and an investor portal (powered by an external technology vendor) for capital account access and reporting. Revenue is generated through establishment fees, ongoing management fees on assets under management, and performance-related returns on each closed-end vehicle, with the wholly-owned subsidiary Acure Funds Management Limited holding AFSL 411056 that authorises the funds management activities.

Customer-facing activity is concentrated at the wholesale-investor tier only, with marketing limited to the corporate website, LinkedIn and Facebook profiles, a News & Insights research cadence, email, and direct outreach by the BD team. Governance and international distribution are supported through the Asia Business Group advisory partnership with Esplanade Capital Pty Ltd, and the firm is privately held, founder-managed by James Del Borrello, and operates without disclosed external institutional shareholders.

Name

Acure Asset Management

Legal name

Acure Asset Management Limited

Website

https://acuream.com.au

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Acure Asset Management is a Perth-based, privately held real estate funds manager that originates and manages unlisted property trusts for Australian wholesale investors, with circa A$725 million raised across 20 funds since 2012.

Ownership category

akta.pro rank

Product category

Real Estate Funds Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Trust, Fiduciary, and Custody Activities (523991)

SIC

Real Estate Agents & Managers (For Others) (6531), Investment Advice (6282)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

Keywords

• Real estate funds management
• Unlisted property trusts
• Commercial property investment
• Property syndication
• Wholesale investor funds

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Technology or R&D

Revenue model

1. Funds Management Fees: Acure generates revenue through management fees charged on funds under management, typically structured as a percentage of fund assets. Investors pay fees for professional property investment management, acquisition, active asset management, and value-add strategies.
2. Property Syndication: The company structures and manages unlisted property trusts and unit trusts, raising capital from wholesale investors for specific property acquisitions. Revenue is derived from establishment fees, management fees, and performance-related returns on closed-end funds with 5-7 year investment terms.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Acure Asset Management is a boutique Australian real estate funds management group that structures, manages and distributes unlisted commercial property investment trusts to wholesale investors. The firm has established 20 property investment funds across office, retail, industrial, hospitality and mixed-use sectors, targeting monthly or quarterly income distributions and capital growth over 5-7 year terms. Acure provides end-to-end fund management including asset sourcing, acquisition, active asset management, value-add execution and investor reporting through its proprietary investor portal.

Product overview

Acure Asset Management operates as a boutique real estate funds management group offering a platform of 20 unlisted property investment funds structured as closed-ended trusts to wholesale investors. The product portfolio spans office (Brisbane Office Trust, Varsity One Trust, Emerald Lakes Trust), retail (Northwest Plaza Trust, Brandsmart One Trust), industrial (The Industrial Trust No.1, Bibra Lake Trust), and hospitality (Acure Hospitality Trust No.1, Newman Hotel Trust) sectors across Australia. Each fund targets monthly or quarterly income distributions combined with capital growth over 5-7 year investment terms, with returns ranging from 8-18% p.a. IRR. The company also provides a proprietary investor portal for client access and distributes monthly News & Insights research reports to subscribers.

Differentiator

Problem solved

Functional benefit

Products and services

• Unlisted Property Funds Unlisted closed-ended commercial property funds investing across office, retail, industrial, and hospitality sectors, targeting monthly or quarterly income distributions and capital growth over 5-7 year terms. Open exclusively to wholesale/sophisticated investors under Australian Financial Services License AFSL 411056.
• Brisbane Office Trust No. 2 Single-asset trust acquiring A-Grade office at 144 Montague Road, South Brisbane comprising 13,811 sqm across six levels with diversified tenant mix, targeting 15.2% p.a. forecast IRR and 9.0% p.a. monthly distributions.
• Brisbane Office Trust

Quantifiable outcome

• Industrial Trust No.1: Average 68% increase in capital value across 3 properties combined with stable 11% p.a. income yield, resulting in over 18% p.a. IRR
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Esplanade Capital Pty LtdcoreStrategic or Co-development PartnerAcure partnered with Esplanade Capital Pty Ltd to form the Asia Business Group, an initiative to extend global reach for Australian property and leverage expertise in the property sector. The Asia Business Group assesses real estate investment opportunities, provides ongoing oversight on investment management and performance, and underlying property assets through to realisation. Governance is provided by an Advisory Board comprising representatives from both Acure and Esplanade.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• 360 Capital Group: ASX-listed boutique Australian property investment and funds management group (ASX: TGP). Runs unlisted and listed property funds for wholesale and retail investors across commercial, hospitality, and development assets — closest in business model and target market to Acure's boutique unlisted wholesale funds.
• Winton Group: Australian boutique property funds management firm focused on unlisted property syndicates and value-add acquisitions for wholesale investor networks. Highly comparable to Acure in structure, AUM scale (sub-$1B), and unlisted trust product offering.
• GDI Property Group: ASX-listed (GDI) Australian property investor and fund manager running unlisted wholesale property funds and syndicates across commercial real estate. Direct analogue to Acure in targeting wholesale investor base via unlisted closed-end vehicles.
• Federation Capital: Australian boutique real estate investment manager specialising in unlisted property syndicates and funds for wholesale investors across commercial, industrial, and development assets. Closely mirrors Acure's boutique syndication model and investor-first positioning.
• Aspen Group Limited: ASX-listed (APZ) Australian real estate investment and funds management company. Highest-relevance historical link — Acure's founder James Del Borrello founded Aspen and built it to $1.4B AUM; Aspen's property syndication model across affordable housing and commercial assets is directly comparable.
• Wingate Investment Partners: Australian boutique real estate investment manager running unlisted property syndicates for wholesale and HNW investors across office, retail, industrial and development sectors. Same boutique-unlisted-trust model and wholesale-first distribution as Acure.

Broad incumbents

• Centuria Capital Group: ASX-listed (CNI) major diversified real estate funds manager with significant unlisted property funds business, including Capital Markets unlisted wholesale offerings. Broader incumbent in the same unlisted Australian property funds space where Acure competes.
• Cromwell Property Group: ASX-listed (CMW) large Australian and European REIT and funds manager with multi-sector commercial real estate exposure and institutional capital markets platform. Established incumbent whose listed and unlisted product lines intersect with Acure's wholesale investor acquisition channels.
• Aims Property Securities Fund: Australian REIT investment and management business (ASX: AQF) offering listed and unlisted property funds vehicles. Adjacent incumbent in the wholesale/institutional Australian property investment space; less boutique than Acure but directly substitutable for investors.

Regional players

• Marprop Corporation: Privately held Western Australia-based boutique real estate investor and syndicated-fund manager. Comparable structure (private, boutique, unlisted syndicates) with overlapping WA geographic footprint to Acure's Perth HQ.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/people/Acure-Asset-Management/100082022204913
• LinkedInlinkedin.com/company/secure-asset-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Acure Asset Management