InvestPlus Adds Another 27,962 sq ft to Their Portfolio.

Pushing InvestPlus Commercial Portfolio to more than 100,000 sq ft Under Management.

InvestPlus REIT is excited to announce the addition of a 28,962 sq ft commercial building (called ‘The Phoenix’) to its portfolio for $6,960,000. The acquisition was closed on April 30th and marks another milestone within the InvestPlus portfolio — bringing the overall commercial space under management to more than 100,000 sq ft. We continue to further our footprint and geographical diversification into Saskatoon, SK with a long-term government lease.

We have also been successful in having one of the Chartered Banks, BMO, provide us financing for this great building. We have been able to secure financing with BMO for a five-year term at a rate of 3.29% bringing our overall weighted average interest rate for all the company debt to 2.95%. These rates and terms from a Chartered Bank allow InvestPlus REIT to provide their unitholders with the security of having a long-term fixed mortgage, providing predictable revenue to the Trust. Furthermore, having BMO as our lender further confirms the steps we are taking as a trust to grow and acquire accretive properties like the Phoenix Building is a step in the right direction.  We are excited to work with BMO and look forward to furthering our relationship with them in the future.

The Phoenix building is located in the heart of downtown Saskatoon and is projected to be accretive by more than $200,000/year after unit-holder distribution. The acquisition of this building also pushes our overall assets under management to $48.2M bringing our growth for 2020 up by 42% since December 2019.

We will continue to target strong-tenanted buildings in Western Canada that will not only provide us the performance and returns we are looking to achieve for our unit-holders but also assets and tenants that can and are weathering the storm in these tumultuous times. Please look forward to our next acquisition announcement, coming to you soon.

InvestPlus Real Estate Investment Trust (IP REIT) is a private real estate investment fund, based in Calgary, Alberta. IP REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership and management of commercial and residential properties in primary and secondary markets in western Canada. Management has transacted more than $90,000,000 in buildings comprising of 21 locations in the provinces of BC, Alberta and Saskatchewan. The current portfolio is appraised at more than $47,000,000 and comprised of 139 rental units and more than 100,000 square feet of rentable area.

Schedule a discovery call with InvestPlus REIT today.

Our Track Record Proves our Method! We own and operate a growing portfolio of quality multi-residential apartment and commercial. We pride ourselves in creating value in under-valued and under-managed properties in western Canada.

For more information or to view our Commercial Portfolio and Current offeringwww.investplusproperties.com

 

Suite 200, 4723 1st Street SW Calgary, Alberta, T2G 4Y8

Tel: 403-663-8722 | Fax: 403-633-8773 | Toll Free: 1-877-663-8722

 

InvestPlus Keynote Speaking @ ACRE Real Estate Investor Summit in Calgary

Domenic Mandato, CEO of InvestPlus REIT has been invited once again to give several keynote presentations to real estate investors at the upcoming ACRE Real Estate Investor Summit in Calgary, Alberta from March 6 to 8, 2020.

 

The main topic of conversation is how to use your RRSPs to buy multi-family and commercial real estate. Often many real estate investors get stuck on how to keep growing their portfolio holdings beyond three, four or five properties. InvestPlus REIT is a great option and solution for investors.

“Anyone looking for passive income is a great candidate for InvestPlus REIT,” says Domenic Mandato, CEO of InvestPlus REIT. “Also anyone who doesn’t have the time or the knowledge to invest in real estate should really consider a more passive approach like InvestPlus REIT.”

All real estate investors, no matter if you have zero, one, five or 10+ properties are encouraged to attend the ACRE Real Estate Investor Summit in Calgary.

“When you attend a Real Estate Investment Network (REIN) event like ACRE, you are surrounded with like-minded individuals that create a culture of care and collaboration that ultimately puts you in an environment to succeed,” says JG Francoeur, Chief Growth Officer of REIN Canada. “REIN has educated more than 151,000 real estate investors in Canada and that has translated into those investors growing their net worth by 5.34 Billion dollars, so you’re in good hands!”

Our Track Record Proves our Method! We own and operate a growing portfolio of quality multi-residential apartment and commercial. We pride ourselves in creating value in under-valued and under-managed properties in western Canada.

Click here for more information or to view our Commercial Portfolio and Current offering.

 

Suite 200, 4723 1st Street SW Calgary, Alberta, T2G 4Y8

Tel: 403-663-8722 | Fax: 403-633-8773 | Toll Free: 1-877-663-8722

How COVID-19 eroded market values in just a day COVID-19 has had unprecedented effects on stock market value, and with it, hard-working Canadians’ RRSPs are now possibly in jeopardy. A few weeks ago, we observed a single-day drop of 10% to 12%, marking the third-largest fall in stock market history.