Fund II

​5  Active Investments
5  Exited Investments

Equity Raised: $35,825,000                                                     

Final Closing: Q2 2015

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Featured Investments

Mid-Rise Condo
​​$6,000,000
Toronto, ON
​JV Equity

Purchased:
A 0.6 acre land assembly in the Danforth neighbourhood of Toronto. 
​
Opportunity:
Construction and sale of an eight-storey, 170 unit midrise condo with four commercial units at grade.

​Initial Funding Date:
Q2 2015
​
Current Status:
Partially exited; construction completed and registration obtained. 98% of residential units sold as of Q4 2020. Sale of commercial units still pending.

Rental Apartment
​​$2,560,000
Fort Saskatchewan, AB
​JV Equity

Purchased:
An approved and zoned 3.9 acre parcel in Fort Saskatchewan, approximately 15 minutes from Edmonton.
​
Opportunity:
Construction, lease-up, and sale of 3 four-storey, 48-unit residential apartment buildings and development of excess land.

​Initial Funding Date:
Q2 2015
​
Current Status:
Exited and sold in Q2 2019.

Windsor Apartments

Townhouses
​​$2,450,000*
Bradford, ON
​JV Equity

Purchased:
A 11.1 acre site in the growing community of Bradford.
​
Opportunity:
Construction and sale of 83 freehold townhouses.

​Initial Funding Date:
Q3 2016
​
Current Status:
Under construction, 98% sold as of Q4 2020.

Student Housing
​​$3,000,000
Toronto, ON
Participating Debt

Purchased:
N/A
​
​Description:
Construction of a premium student housing community comprised of two buildings with over 800 beds and a full suite of luxury amenities.

​Initial Funding Date:
Q1 2016
​
Current Status:
Exited - fully repaid.

The Quad

High-Rise Condo
​​$5,500,000
Surrey, BC
Preferred Equity

Purchased:
Interest in an approved and pre-sold site in Surrey City Centre, along the Vancouver SkyTrain route.
​
​Description:
Construction and sale of a 36-storey tower with 407 units and an adjoining commercial building.

​Initial Funding Date:
Q2 2016
​
Current Status:
Exited and repaid in Q4 2019.

Mid-Rise Condo
​​$3,125,000
Halifax, NS
JV Equity

Purchased:
A 1 acre land assembly of four properties in South Halifax.
​
​Description:
Construction and sale of a two-phase project comprised of 154 condo units. Each phase consist of 77 units.

​Initial Funding Date:
Q2 2016
​
Current Status:
Partially exited; construction completed and registration obtained. 95% sold as of Q4 2020.

Gorsebrook Park

* Represents the total amount committed by the Fund Manager, of which 60% was contributed by Fund II and 40% by Fund III.