Fund IVEquity Raised: $68,450,000
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10 Active Investments
1 Exited Investments Final Closing: Q2 2018
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Featured Investments
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Industrial
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: Partially exited; 82% sold as of Q4 2020. |
Mid-Rise Condo
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
Purchased:
12.77-acre medium density residential development site in Montreal. Opportunity: Construction and sale of four 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: Under construction for Phase 1 and 69% sold in Phase 1 and 2. Cite Midtown |
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Student Housing
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
Purchased: A 1.68-acre site located near the University of Guelph. Opportunity: Rezoning, sale and construction of a 110-unit apartment building with 5,500 sf of commercial space. Initial Funding Date: Q3 2019 Current Status: Undergoing development approval process. |
Low-Rise Residential
Purchased:
57-acre development site in the south-western quadrant of Brantford. Opportunity: Rezoning, sale and construction of a low density development comprised of 385 units. Initial Funding Date: Q3 2018 Current Status: Draft plan approved and site servicing underway. Flex-Office
Purchased: An assembly of 13 existing flex-office buildings. Opportunity: Condominiumization, renovation and sale of 13 buildings. Initial Funding Date: Q4 2019 Current Status: Sales program launched. |
Rental Apartment
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: Exited - fully repaid in Q3 2020. Townhouses
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 106 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.