Charter Hall Long WALE REIT IPO Latest info and Price Discussion, page-108

ok. here are the sources - leading fund manager

But the fund has not set a specific lease expiry target. That raises the question, for Folkestone Maxim Asset Management managing director Winston Sammut, of whether new acquisitions could potentially reduce the average lease length.
Depreciating asset

"The thing with a long WALE fund is that from day one it is a depreciating asset. The expiry diminishes every day," he said.
"The pricing is very tight. I don't think there is a hell of a lot left on the table for anyone who goes in on day one.
"That's the question that needs to be answered: is this your best opportunity for getting into this vehicle or do you want to wait until they start deploying some of the capacity they have and see how it adds to the equation?"

www.copyright link/real-estate/new-charter-hall-trust-backs-growth-with-debt-20160927-grpfxk+&cd=1&hl=en&ct=clnk&gl=au&client=opera

The fund will raise at least $1.12bn and is being pitched at a tight forward distribution yield of 5.3 per cent,

www.theaustralian.com.au/business/property/institutions-hover-over-charter-hall-trust/news-story/780035b72a708e37ec819a186f554b4d+&cd=4&hl=en&ct=clnk&gl=au&client=opera+

Charter Hall Long WALE REIT Case Study – Low Dividend Yield ...

investmentmoats.com/.../charter-hall-long-wale-reit-case-study-low-dividend-yield-lo.