Fund II |
9 Active Investments
1 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, 156 unit midrise condo with live-work units at grade. Initial Funding Date: Q2 2015 Current Status: Zoned and under construction, with 95% pre-sales as of Q4 2017. Canvas |
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 Current Status: Stabilized asset available for sale. Windsor Apartments |
Townhouses
Purchased:
A 13.6 acre site within an established master-planned community in Airdrie. Opportunity: Construction and sale of 250 traditional townhouses and 108 stacked townhouses. Initial Funding Date: Q3 2015 Current Status: Undergoing siteworks and sales program. Townhomes of Canals |
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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: Under construction and sold out as of Q4 2017. Evolve |
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 147 condo units. Initial Funding Date: Q2 2016 Current Status: Phase 1 (77 units) is 75% pre-sold as of Q4 2017. Gorsebrook Park |
