Welcome back to another insightful edition of our blog series, “From Dom’s Desk,” presented by InvestPlus REIT. In this episode, we’re zeroing in on the heart of our operations – the vibrant and dynamic city of Calgary.

Calgary: “The Heartbeat of InvestPlus REIT”: In this video, Domenic Mandato shares his personal and professional admiration for Calgary. This city isn’t just a location; it’s a cornerstone of our identity and success.

The Can-Do Spirit of Calgary: What makes Calgary stand out as an exceptional place for real estate investment and business operations? According to Domenic, it’s the indomitable spirit of its people. Calgary’s community is imbued with a can-do attitude that not only inspires but also drives progress and innovation. This ethos resonates deeply with the values and vision of InvestPlus REIT.

Shifting Landscapes – Calgary’s Promising Future: But Calgary is not just about its present charm and strength. Domenic delves into the exciting shifts and developments that are shaping the city’s future. From emerging business opportunities to evolving real estate landscapes, he discusses how these changes are positioning Calgary as a leading city of the future, and how InvestPlus REIT is at the forefront of these developments.

Discover Calgary’s Potential: We invite you to watch this enlightening video where Domenic shares his insights on Calgary’s evolving journey. It’s not just about understanding the market; it’s about being part of a community that’s geared towards growth and success.


Join Us on This Exciting Journey: As we continue to explore and invest in the potential of Calgary, we want you to be a part of this journey. Your engagement and insights are invaluable as we navigate the promising path that lies ahead for both Calgary and InvestPlus REIT.

Stay tuned to “From Dom’s Desk” for more updates, where we bring you the latest trends, insights, and behind-the-scenes looks into the real estate world. Let’s explore the future together, with Calgary leading the way!

Welcome to the latest installment of our blog series, “From Dom’s Desk,” where we delve into the insights and updates from Domenic Mandato, the driving force behind InvestPlus REIT.

In this special video update, Domenic shares a comprehensive look back at the year 2023 – a year marked by remarkable market certainty and rising interest rates that shaped our strategies and successes.

2023: A Year of Solid Foundations – In this brief but insightful video, Domenic discusses how the past year has been pivotal for InvestPlus REIT, setting a strong foundation for our future endeavors. From navigating the complexities of the market to leveraging opportunities that rising interest rates presented, 2023 has been a testament to our resilience and foresight in the real estate investment trust landscape.

Looking Ahead to 2024: But that’s not all – Domenic also gives us a sneak peek into what 2024 holds. Our plans, our aspirations, and our strategies – get an exclusive glimpse into the future of InvestPlus REIT and how we’re gearing up for another successful year.

Watch Now and Join the Journey: We invite you to watch this engaging video and join us as we reflect on our achievements and look forward to an even brighter future. Your insights and support are invaluable as we continue to grow and excel in the world of REITs.

Stay tuned to “From Dom’s Desk” for more updates, insights, and expert takes on the real estate market. Let’s embark on this journey together – towards a prosperous and successful 2024!

Relocating a medical or dental practice is a significant decision that can impact both the provider and their patients. Whether it’s to expand services, improve accessibility, or explore new opportunities, moving a practice requires careful planning and consideration. For medical and dental providers in Red Deer contemplating a move, this blog outlines the top considerations to ensure a smooth transition and continued success in their new location.

1. Demographics and Market Analysis:

Before relocating, it’s crucial to conduct a thorough analysis of the new area’s demographics and market trends. Understanding the population’s needs, income levels, and healthcare preferences will help determine whether the services offered align with the community’s requirements. A well-matched demographic will improve the likelihood of attracting a steady stream of patients and enhancing the practice’s success.

2. Competition and Referral Network:

Research the existing medical and dental practices in the target area to gauge the level of competition. Assess their services, reputation, and patient base to identify gaps that your practice can fill. Additionally, establishing a strong referral network with other healthcare professionals in the vicinity can facilitate patient referrals and collaborations, contributing to a thriving practice.

3. Accessibility and Visibility:

The new practice location’s accessibility and visibility are crucial for attracting and retaining patients. A central, easily accessible location with ample parking will make it convenient for patients to visit. Consider the visibility of the practice from major roadways or public transportation hubs to increase awareness among potential patients.

4. Legal and Regulatory Considerations:

Moving a medical or dental practice involves legal and regulatory complexities that must be addressed diligently. Ensure compliance with all local, provincial, and federal regulations, including licensing, permits, and professional certifications. Consult with legal and financial advisors to navigate any legalities and financial implications associated with the move.

5. Patient Communication and Transition:

Communicate transparently with existing patients about the upcoming move well in advance. Notify them through various channels such as emails, letters, social media, or signage in the current office. Provide clear information about the new location, contact details, and any changes in services. Keeping patients informed will help build trust and retain their loyalty during the transition.

6. Staff Considerations:

Consider the impact of the move on your staff and ensure they are involved in the decision-making process. Address their concerns and provide adequate support during the transition. If the new location is far from the current one, some staff members may be unable to relocate. Plan for potential staffing changes and make arrangements for hiring and training new employees if necessary.

7. Technology and Infrastructure:

Assess the technological infrastructure of the new location to ensure it meets the requirements of your practice. Reliable internet connectivity, advanced medical/dental equipment, and electronic health record systems are essential for delivering quality care and maintaining efficiency.

8. Marketing and Branding:

To establish a strong presence in the new area, invest in effective marketing and branding strategies. Create a website, update online listings, and employ digital marketing techniques to reach potential patients. Networking with local organizations and participating in community events can also enhance brand visibility.

Moving a medical or dental practice in Red Deer can be a rewarding endeavor when undertaken with careful consideration. By analyzing demographics, understanding the market, and implementing robust communication and marketing strategies, providers can seamlessly transition to their new location. Adhering to legal requirements, maintaining staff morale, and prioritizing patient care will contribute to a successful and thriving practice in the new community.

Now Leasing in Red Deer! Turnkey Medical/Dental Clinic at 5018 45 Street, Red Deer, AB.

 

  • Lease rate: competitive market rates
  • Operating costs: $10.28 sf
  • Zoning: C-1 (commercial city center district)
  • Site size: 34,921
  • Ample surface parking
  • Well located on gaetz avenue with great exposure to high traffic areas
  • Top pylon signage position (x2)

 

For more information on medical office space for rent in Red Deer, or to book a tour, contact Jennifer Clark today at C: (403) 200-9264 E: Jclark@investplusproperties.com

Our unit holders have been with us for a long time because of the reliable source of income they have come to depend on. A majority of them–around 50-60% of them are RSP unit holders. RSPs are a great way to invest in REITs and these types of investments especially when it comes time where your RSPs turn into a RIF. A lot of our clients have come to realize that during the earlier part of the investment, they would earn drip units (reinvestment units). Instead of earning cash, these reinvestment units would go back into the company. And over time, they have accumulated units which they can now convert into cash. Instead of earning units, they earn cash distributions that were p aid to them every quarter.

Now, the investment has become a reliable source of income that most of our clients are looking forward to. This gives us comfort and when we look to buy an asset, we ask ourselves if we can continue to do this sustainably. There is a risk every time. Despite the risk that the distributions are not guaranteed, we’ve been able to still pay out over 6% over the last 7 years every year. What made this possible for us is industrial real estate. We’re also looking for an asset that has a tenant–that asset being the tenant, which allows us to pay consistent distribution over time. Being a popular asset, industrial real estate is in demand, it has an added value in terms of building values and appreciation, factors that contribute to sustainable returns.

Inflation from 2023 is coming down from where it was–hopefully to a point where things like groceries can be afforded by families, and that the average business can function. We’ve heard of businesses who had to close because their costs of goods were too high and they couldn’t pass that on to their customers, or it’s affecting their business as a result. The good news is that I think this year, it would turn around.

One of the main reasons why we got into the real estate business was learning how to protect my investments and hedging them against inflation. For me, the answer was real estate, and it still is a great way to protect investments. This is also why we’ve seen a lot of clients invest in real estate with InvestPlus because they want that hedge against inflation as well. And for this year, we’re headed in the right direction.

What we’ve seen that’s different from the transition of 2022-2023 is that at least for the Bank of Canada, there is light at the end of the tunnel in terms of keeping inflation somewhat tamed or maybe even lower. This gives investors a bit of confidence that we are not going to have such a tumultuous year like last year. The previous year was a year filled with uncertainty. While it was a much needed effort in trying to keep inflation under control, it really made a lot of investors nervous! Once you have a market that you can somewhat predict or make decisions on, you will see a lot more activity. Given that, I think we are going to have a better year.

The global macro picture is going to be favorable for Western Canada. It’s opening up people’s eyes on how critical it is to have security in energy. In a big wat, this has opened up the doors for global manufacturers to look at Alberta and Saskatchewan as placed where they can sustainably and reliably manufacture their goods, knowing that they have a resource base and that they have energy supply.

There are always other parts of the world which was brought to light by the war in Ukraine where companies had to shut down just to ration the energy that they had. From a standpoint of global risk and global positioning, we’re positioned very well. In terms of responsible energy, Alberta and Saskatchewan are doing that.

We see a very bright future ahead of Western Canada. We have a resource-based economy, giving Western Canada a great position there. Over the course of the past 2-3 years where the movement has been towards renewable energy, it has shifted to some degree. Those who are inside and outside of the oil and gas district recognize that we need to do something.

The biggest aha! moment for everyone was when we realized we needed affordable energy. That put Alberta, Saskatchewan, and BC in a very good position from a natural gas standpoint. This also creates a much more sustainable growth situation as opposed to the boom-bust cycle. Companies have also realized this—giving more attention to paying down debt vs. increasing production. Those companies are going to be responsible for getting us to net zero by 2050!

We’ve had one client who was looking to consolidate two or three of their locations into one. In this specific case, they were very specific in the size that they were looking for. We went out and searched the market, found a really good location and a great looking building. However, it turned out to be twice the size they were looking for.

We showed it to them nonetheless, and they ended up moving forward with it. What we learned from this situation is that sometimes, you’re given a task but you don’t know what the ultimate goal is. By providing that solution to the tenant, they realized that they can create a new business model with the additional space. Simultaneously, we were able to work out a deal for both parties where they were able to continue their normal course of business but also allowed them to invest in another business to grow.

 

We all start somewhere! For InvestPlus REIT, it was in 2015, in Calgary, Alberta. InvestPlus Real Estate Investment Trust is a private real estate investment trust provides investors an opportunity to participate in the industrial real estate market across Western Canada, without the responsibility of having to own or manage a building themselves. Since then, we steadily grown WITH our tenants, and this is one of the things we pride ourselves on.

We Put Our Tenants First

First and foremost, without our tenants, we just own bricks and mortar. This is at the core of our business and is something we give the highest importance to. Without our tenants, our buildings will just be stagnant spaces, and in the real estate industry, nobody wants that! Our tenants are our NUMBER ONE assets. They are the top driving factor that have contributed and continue to contribute to our upward trajectory.

From the start, we partner with tenants who align with our goals: to scale our business and continue growing—locally and nationally. The better we understand our tenants the more we can understand their needs.  This alignment of goals help us see our destination clearly, and with common goals in mind, we are able to provide each other that supportive environment that can push both of our businesses upward.

From our end, we offer the business support that can alleviate some of the load that our tenants have to face. From locating new locations for our tenants, to streamlining their business by standardizing lease terms, we anticipate how to positively impact their business to bring returns to their businesses, and ultimately, ours.

Our Relationship with Our Tenants

We differentiate ourselves from other real estate/commercial space providers by building a genuine and solid relationship with our clients. We pay attention to their needs and hear them out—communication is key! It is imperative to hear out their concerns and keep ourselves updated with their changing goals so we can find ways to provide business support where we can. By focusing attention on what our tenants need, we create the business model we want, but we also develop sustainable return for our unit owners. With this kind of business synergy, everybody benefits and that’s the kind of environment we’re after. The majority of our tenants operate internationally within the transportation, e-commerce, energy sectors and distribution services. 

Whether our tenants are looking to grow locally or nationally, we’re prepared with real estate solutions to grow alongside them. We believe that tenants shouldn’t have to start over from square one when they relocate or expand to a new region. By striving to be their one-stop-shop for real estate solutions,  offering real estate solutions and communicating to our tenants that we will be with them along the way, we lessen the burden that comes with expanding their business. This allows our tenants to bravely entertain the prospects of expansion, and at the same time, we are able to provide valuable insights on locales they may have their sights on. 

With our philosophy, we nurture a space for them to grow their business, and simultaneously find creative ways to grow our business as well.