Harbour Equity Completes $31.5 Million Capital Raise for Second Equity Joint Venture Fund
March 25, 2015
Toronto, Ontario, March 25, 2015 – Harbour Equity Capital Corp. ("Harbour Equity") is pleased to announce the close of the $31.5 million Harbour Equity JV Development Fund II (the "JV Fund II").
JV Fund II has a mandate to engage in joint venture opportunities across a broad range of asset classes, including for-sale and for-rent residential, retail, office, and industrial developments, as well as purpose built projects such as seniors housing, student housing and self-storage.
Development opportunities are targeted at the time of land acquisition, with investments focused on projects with total costs between $10 million and $50 million and total equity requirements in the range of $2 million to $10 million.
JV Fund II will enter into joint venture arrangements with project developers who have a demonstrated track record of success, with specific experience in the relevant asset class and geographic market for which they are seeking financing. These investments provide the developers an opportunity to leverage the Fund's capital in order to better scale their operations and execute multiple projects concurrently.
About Harbour Equity Capital Corp.
Harbour Equity provides equity capital to experienced real estate developers across Canada and is part of The Harbour Group, a multi-dimensional real estate investment platform. For more information please visit our website at: www.harbourequity.com.
For information, please contact:
Ari Silverberg
President, Harbour Equity Capital Corp.
(416) 361-3315 x238
asilverberg@harbourequity.com
Alan Winer
Principal, Harbour Equity Capital Corp.
(416) 361-3316
awiner@harbourequity.com
JV Fund II has a mandate to engage in joint venture opportunities across a broad range of asset classes, including for-sale and for-rent residential, retail, office, and industrial developments, as well as purpose built projects such as seniors housing, student housing and self-storage.
Development opportunities are targeted at the time of land acquisition, with investments focused on projects with total costs between $10 million and $50 million and total equity requirements in the range of $2 million to $10 million.
JV Fund II will enter into joint venture arrangements with project developers who have a demonstrated track record of success, with specific experience in the relevant asset class and geographic market for which they are seeking financing. These investments provide the developers an opportunity to leverage the Fund's capital in order to better scale their operations and execute multiple projects concurrently.
About Harbour Equity Capital Corp.
Harbour Equity provides equity capital to experienced real estate developers across Canada and is part of The Harbour Group, a multi-dimensional real estate investment platform. For more information please visit our website at: www.harbourequity.com.
For information, please contact:
Ari Silverberg
President, Harbour Equity Capital Corp.
(416) 361-3315 x238
asilverberg@harbourequity.com
Alan Winer
Principal, Harbour Equity Capital Corp.
(416) 361-3316
awiner@harbourequity.com