Fund managers including Oracle Advisory Group, Wilson Asset Management, HMC Capital, Pengana Capital Group, SG Hiscock & Company, Pendal Group and LSN Capital Partners have invested in Ingenia Communities Group (ASX:INA).

Managers highlight takeover interest from Warburg Pincus at successively higher prices, results ahead of guidance, strong sales growth and structural demand from an ageing population, according to LSN, Pendal and HMC Capital.

LSN views Ingenia's proposed acquisition of Peet as counterproductive, and the shares fell on the announcement despite strong results.

Ingenia Communities Group, headquartered in Sydney, Australia, develops and manages a portfolio of retirement and lifestyle communities. The company operates through six primary segments: Lifestyle Development (home sales), Lifestyle Rental (long-term accommodation), Ingenia Gardens (rental villages), Holidays and Mixed Use (tourism and holiday parks), Fuel, Food, and Beverage Services (adjoined station and dining operations), and Corporate and Other (remaining assets). Founded on November 22, 2003, Ingenia Communities provides diverse residential and hospitality solutions across Australia, focusing on property management, development, and integrated service operations.