Kain Lawyers advised CIM in the extension of their partnership with Liverty Housing

Kain Lawyers is pleased to announce its role as legal adviser to Conscious Investment Management (CIM) in the extension of their partnership with leading specialist disability accommodation (SDA) service provider and registered charity, Liverty Housing. In partnership with Liverty Housing, CIM’s dedicated SDA fund provided financing for the acquisition of an additional 44 new SDA dwellings. Kain Lawyers Director Brian Vuong who led the transaction said, “We are delighted to have advised CIM on all aspects of this transaction with Liverty Housing, underpinned by the acquisition of a portfolio of SDA dwellings in underserved areas. This ongoing partnership will help to ensure the delivery of much-needed high-quality, long-term accommodation and support for tenants with disabilities.” Kain Lawyers advised CIM on the structured financing provided by its dedicated SDA fund, incorporating equity capital from value-aligned investors and a new senior debt facility provided by the National Australia Bank (NAB). The firm also advised CIM on property aspects of the transaction and bespoke commercial arrangements with Liverty Housing. CIM has partnered with Liverty Housing and has been investing in the SDA sector since February 2020. This latest transaction will result in the partnership having financed 116 SDA dwellings and 11 overnight support assistance dwellings.