Harbour Equity Closes New Investments in Halifax and Toronto
May 28, 2014
Toronto, Ontario, May 28, 2014 – Harbour Equity Capital Corp. (“Harbour Equity”), manager of the Harbour Equity Joint Venture Development Fund (the "Fund"), is pleased to report that the Fund has closed on two new joint venture developments. Harbour Equity provides equity capital to experienced mid-size developers across Canada by way of joint venture for new developments and redevelopments where “value-add” opportunities exist.
These new joint venture development projects consist of a 35 unit infill townhouse project in Toronto, Ontario and a 72 unit mid-rise condominium development in Halifax, Nova Scotia. Both investments provide the developers an opportunity to leverage the Fund’s capital in order to better scale their business and focus on multiple projects concurrently.
Harbour Equity continues to welcome joint venture opportunities in a broad range of asset classes, including for-sale and for-rent residential, retail, office, and industrial developments, as well as purpose built projects such as seniors housing, student housing and self-storage. The Fund will continue to target development opportunities at the time of land acquisition, with investments focused on projects with total costs between $10 million and $50 million and total equity requirements in the range of $2 million to $10 million.
About Harbour Equity Capital Corp.
Harbour Equity provides equity capital to experienced real estate developers across Canada and is part of The Harbour Group, a multi-dimensional real estate investment platform. For more information please visit our website at: www.harbourequity.com.
For information, please contact:
Ari Silverberg
President, Harbour Equity Capital Corp.
(416) 361-3315 x238
asilverberg@harbourequity.com
Alan Winer
Principal, Harbour Equity Capital Corp.
(416) 361-3316
awiner@harbourequity.com
These new joint venture development projects consist of a 35 unit infill townhouse project in Toronto, Ontario and a 72 unit mid-rise condominium development in Halifax, Nova Scotia. Both investments provide the developers an opportunity to leverage the Fund’s capital in order to better scale their business and focus on multiple projects concurrently.
Harbour Equity continues to welcome joint venture opportunities in a broad range of asset classes, including for-sale and for-rent residential, retail, office, and industrial developments, as well as purpose built projects such as seniors housing, student housing and self-storage. The Fund will continue to target development opportunities at the time of land acquisition, with investments focused on projects with total costs between $10 million and $50 million and total equity requirements in the range of $2 million to $10 million.
About Harbour Equity Capital Corp.
Harbour Equity provides equity capital to experienced real estate developers across Canada and is part of The Harbour Group, a multi-dimensional real estate investment platform. For more information please visit our website at: www.harbourequity.com.
For information, please contact:
Ari Silverberg
President, Harbour Equity Capital Corp.
(416) 361-3315 x238
asilverberg@harbourequity.com
Alan Winer
Principal, Harbour Equity Capital Corp.
(416) 361-3316
awiner@harbourequity.com