St Johns Property Fund (SJPF) most recently paid £9.9m for Darlington North Retail Park, which includes anchor tenants like Aldi and Iceland.
The fund comprises a mixed-sector portfolio consisting of 54 tenants in 24 locations.
The portfolio consists of leisure, industrial, retail, automotive and office investments in strategic locations that demonstrate regional growth across the UK.
Less than 1% is currently void.
SJPF property manager, Richard Bryan, believes the fund, which was set up in 2013, would keep on growing.
He said: “We’re considering a number of sites but have ample resources to look for more opportunities.
“The fund’s investment approach is to secure a diverse portfolio with solid income and the prospect of capital appreciation.
“We want to understand our tenants’ businesses and to support them to have a successful tenure.
“We want SJPF to be a landlord of choice and to be approachable to tenants, rather than hindering them with bureaucracy that stops them making best use of the property.”
He added: “The fund’s growth ambition will continue, and subject to available property we want to double the size once again within the next 18 months.”
The fund’s internal yield is presently 6.9%.
“Allowing for the regulatory requirement to hold 15% cash within the fund, the distribution yield for gross account investors is 5.97%.
It was created to produce high levels of income and to benefit from long-term capital growth and is exclusively for managed clients of AFH’s wealth management business.
AFH is one of the UK’s largest IFA firms and it manages £4.5bn in assets and has more than 200 advisers across the UK.