Investor Presentaiton

The University followed robust processes for its property acquisitions • Due diligence and property valuations • Acquisitions funded from the University's investment portfolio • Expectation for commercial rate of return • Cannot comment on whether the University achieved value for money • The University was operating in a difficult private rental market: o Rental vacancy rate in Hobart at a five year low o Limited availability of suitable properties for student accommodation Tasmanian Audit Office 30 30

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