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Due to the COVID-19 pandemic, Trust and LP Tax slips were delayed but will be available
on your “Investor Login” April 29, 2020. Thank you for your patience.

InvestPlus Adds Another 13,000 sq-ft to Their Portfolio and Enters the Red Deer, AB Market

InvestPlus REIT is excited to announce the addition of a 13,000 sq-ft commercial building to their portfolio. The acquisition was closed January 30th, 2020. This building has several reasons for us to be excited.

  1. We have a strong tenant base
  2. The purchase cap rate is 7.2% and InvestPlus now diversified in a new city; Red Deer, AB.
  3. It’s located right in the heart of the downtown core with AAA tenants and two thriving dentist offices.

We have been able to secure financing with ATB once again for a 5 year term at 75% loan-to-value at a rate of 3.85%. A great rate and terms from a reputable lender allowing InvestPlus REIT to provide their unit-holders with the security of having a long-term fixed mortgage and tenant; providing predictable revenue to the Trust.

This 5-year old building is projected to be accretive by an average of $208,000/year after all expenses and unit-holders distributions.

Gaetz Professional Building (New name of the building) also holds a strong tenant base. Tenants include Domino’s Pizza, Money Mart, Western Union, an Indian Restaurant and two prominent dentist offices. Lease terms range from 3 years to 8 years with the majority of the leases carrying step rents through the term of their respective leases.

Added to the portfolio, InvestPlus REIT has grown by 21% to $40M in assets under Management. We continue to raise funds and finding success through the acquisition of strong commercial assets with a strong tenant base.

Red Deer was hit hard by the down-turn of the oil and gas sector as the city is predominately made of service company’s that services that market. Hence our focus on markets that were once strong and are in recovery mode. We’re uncovering opportunities like this asset where we feel have tremendous value, accretive and great future potential as these markets recover.

To add to our story of growth, as of this writing we have another $7,000,000 asset under contract with the intent to close before end of Q1, 2020. While we continue to pay out a distribution to our unit-holders, we are positioning the REIT for growth for 2020. As more deals like this Red Deer asset present themselves we are focused on strengthening our cash flow position and overall strength of the REIT.

We plan on updating you the progress of this new asset as we go through our due diligence period.

 


Attention Secure Investors

If you have cash or RRSPs doing little or nothing for your financial security, We invite you to schedule a discovery call this month before the RRSP deadline. Contact us and we’ll have our administrator get in touch with you to schedule your 30 minute discovery call. We care about your concern regarding your financial security for your retirement.

InvestPlus Adds Another
9,600 sq-ft to Their Portfolio
RRSP WEBINAR Invitation

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