Fund IV

Equity Raised: $68,450,000                                       

​11  Active Investments
0  Exited Investments

Final Closing: Q2 2018

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Featured Investments​

Industrial
​​$6,500,000
Vaughan, ON
​JV Equity

Purchased:
Two multi-tenanted industrial buildings comprised of 268,688 sf.
​
​Opportunity:
Condominium conversion and sale of subdivided units to end users or investors.
​
​Initial Funding Date:
Q2 2018
​
Current Status:
Undergoing renovations and 35% sold as of Q1 2020.

Mid-Rise Condo
​​$4,018,750
Vancouver, BC
​JV Equity

Purchased:
An assembly of four properties on a 0.37 acre site in the East Broadway corridor of Vancouver.
​
​Opportunity:
Rezoning, construction and sale of 6-storey, 59-unit condo building with two levels of underground parking.
​
​Initial Funding Date:
Q2 2018
​
Current Status:
Undergoing development approval process.

Multi-Residential
​​$12,375,000*
Montreal, QC
​JV Equity 

Purchased:
12.77-acre medium density residential development site in Montreal.
​
​Opportunity:
Construction and sale of three 6 to 8-storey mid-rise condominium buildings containing approximately 550 units and six townhouse blocks containing approximately 72 units.
​
​Initial Funding Date:
Q3 2018
​
Current Status:
Undergoing siteworks and Phase 1 and 2 sales program.

Cite Midtown

Student Housing
​​$5,000,000
Winnipeg, MB
​JV Equity

Purchased:
Interest in a zoned student housing development site in Winnipeg.
​
​Opportunity:
Construction, leasing and exit of a 384 unit student housing building comprised of 543 beds and 6,600 SF of retail space at grade.
​
​Initial Funding Date:
Q3 2018
​
Current Status:
Under construction.

The Arc

Rental Apartment
​​$4,500,000
Guelph, ON
​JV Equity

Purchased:
A 1.68-acre site located near the University of Guelph.
​
​Opportunity:
Rezoning, sale and construction of a 116-unit apartment building with 5,500 sf of commercial space.
​
​Initial Funding Date:
Q3 2019
​
Current Status:
Undergoing development approval process.

Low-Rise Residential
​​$11,575,000*
Brantford, ON
​JV Equity

Purchased:
57-acre development site in the south-western quadrant of Brantford.
​
​Opportunity:
Rezoning, sale and construction of a low density development comprised of approximately 381 units.
​
​Initial Funding Date:
Q3 2018
​
Current Status:
Undergoing development approval process.

Flex-Office
​​$4,095,000
Mississauga, ON
​JV Equity

Purchased:
An assembly of 13 existing flex-office buildings.
​
​Opportunity:
Condominiumization, renovation and sale of all 13 buildings.
​
​Initial Funding Date:
Q4 2019
​
Current Status:
Undergoing renovations.

Rental Apartment
​​$6,500,000
Kelowna, BC
​JV Equity

Purchased:
2.62 acre development site in Kelowna.
​
​Opportunity:
Construction, leasing and sale of 3 five-storey, wood-framed buildings comprised of 175 units.
​
​Initial Funding Date:
Q1 2019
​
Current Status:
Under construction with a firm and binding forward sale in-place.

Townhouses
​​$5,625,000
Mississauga, ON
​JV Equity

Purchased:
A 4.37-acre parcel of land and a 0.72-acre adjacent parcel in Mississauga, ON.
​
​Opportunity:
Rezoning, sale and construction of a medium density development comprised of approximately 98 townhouses.
​
​Initial Funding Date:
Q4 2019
​
Current Status:
Undergoing development approval process.

* Represents the total amount committed by the Fund Manager, of which 50% will be contributed by Fund IV and 50% by a co-investor.