Elanor Investors Group (ASX:ENN) operates as an Australian investment and funds management business focused on acquiring and unlocking value in real estate assets that provide strong income and capital growth potential; it manages third-party owned investment funds and syndicates across key sectors including hotels, tourism and leisure, retail, commercial office, industrial, and healthcare. The company offers funds management services through its core divisions, originating and managing real estate-backed investments such as high-yield operating businesses in hospitality and leisure; diversified property portfolios emphasizing stable rental income from non-discretionary retailers; and specialized assets in commercial, industrial, and healthcare properties, with approximately $2.8 billion to $6 billion in funds under management. Elanor Investors Group conducts operations primarily in Australia and New Zealand, with plans for expansion into Asia through capital-led opportunities in logistics, healthcare, and leisure; it targets institutional and wholesale investors seeking superior risk-adjusted returns from real estate investments. Founded in 2009 and listed on the ASX in 2014, the stapled security comprises Elanor Investors Limited and Elanor Investment Fund, with headquarters at Level 38, 259 George Street, Sydney, NSW 2000; Elanor Funds Management Limited serves as the responsible entity. Recent major developments include the expansion of its strategic alliance with Rockworth Capital Partners, originally established in 2019, through a up to $125 million investment comprising $70 million senior secured debt and $55 million perpetual subordinated capital notes to recapitalize the balance sheet, stabilize operations, and reduce gearing to 20-35%; the proposed acquisition of 100% of Singapore-based Firmus Capital Pte. Ltd., managing $658 million in retail and office assets, as part of Asian growth; the mutual unwinding of its 2023 Challenger real estate fund management partnership, with transition of the portfolio by October 2025; and response to an unsolicited off-market takeover offer for its Elanor Commercial Property Fund subsidiary by Lederer Group, which holds a substantial stake and seeks full control.