US Masters Residential Property Fund is an Australia-based fund. The Fund's objective is to provide Unitholders with exposure to a diversified portfolio of United States-based residential property assets within the target investment area; regular, tax-effective distributions of income, and potential for long-term capital growth in the underlying property portfolio. The Fund conducts all its New York metropolitan area residential investment through its controlled entity US Masters Residential Property (USA) Fund, a Maryland Real Estate Investment Trust. The Fund focuses on investment within undervalued neighborhoods specifically in Brooklyn, Manhattan and Queens, New York and Hudson County, and New Jersey. The Fund's portfolio of New York metropolitan area residential housing and apartments consists of over 1,570 housing units across approximately 600 freestanding homes and two apartment buildings. URF Investment Management Pty Limited is the investment manager of the Fund.