Fund II |
6 Active Investments
5 Exited Investments |
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Equity Raised: $35,825,000
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Final Closing: Q2 2015
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Featured Investments
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Mid-Rise Condo
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 |
Rental Apartment
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 |
Townhouses
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 |
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Student Housing
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
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 - fully repaid in Q4 2019. |
Mid-Rise Condo
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.