Light of Day Inc is a not-for-profit group formed by investors in Australian unlisted property funds. The organisation is open to all of the more than 240,000 investors in this $60 billion industry, a large proportion of whom are retirees or investing to fund retirement.

The objectives of Light of Day Inc are;

1. To provide a forum for discussion of issues affecting the members, as investors in the Unlisted Property Sector;

2. To provide a vehicle for members to build their knowledge of current issues facing investors in the Unlisted Property sector;

3. To enhance the practices of lenders to pooled investment entities in the unlisted property sector; and

4. To provide a platform for action to protect and promote the interests of the members as investors in the Unlisted Property sector.

The Light of Day Inc aims to shed light on the banking practices that are currently converting superannuation savings into bank profits. The Light of Day Inc supports responsible banking practices which take a through-the-cycle view of commercial property and do not needlessly destroy the superannuation savings of Australian investors.  

Light of Day Inc's spokesperson is Owen Lennie, a consultant and company director with many years experience in the commercial property sector.

Owen Lennie

Owen Lennie is a consultant and company director with more than 25 years experience in the property industry.  He is a qualified accountant, town planner and land economist.  He is an Associate Professor at the University of Melbourne and a former President of the Australian Direct Property Investment Association (ADPIA).

Until December 2006 he was the Managing Director of property Funds Manager WRF Property Limited (now Viento), where he created property funds and syndicates with assets of over $300m.

Prior to WRF he was Managing Director of York Capital Group, which was taken over by Australian Unity with $250m in property funds and syndicates.

He has advised the Government of Victoria as Chairman of the Planning Advisory Council, as Chairman of the Building advisory Council and as a director of the Urban Land Corporation.  He is a sessional member of the Victorian Civil and Administrative Tribunal (Land Valuation List).

Light of Day Inc Management Committee

President: Gary Walker

Vice President: Vianney Hatten

Treasurer: Bruce Nicol

Secretary & Public Officer: Owen Lennie

Ordinary Member: Bill Butler