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InvestPlus REIT Annouces The Acquisition Of A Retail Center In A Cash And Unit Deal

InvestPlus Real Estate Investment Trust (the “REIT”) is pleased to announce that it has closed on an unconditional agreement to acquire a Medical and Triple ‘A ‘ Tenant retail building located in Red Deer, Alberta with a total of 12,800 square feet of gross leasable area.

The building was acquired for a purchase price of $7,200,000 at an attractive 7.4% going-in capitalization rate, with potential to increase the portfolio’s net operating income. In satisfaction of the purchase price, $890,000 cash plus 250,000 class B Master LP units of a subsidiary limited partnership of the REIT were issued to the vendor at $8.00 per unit. InvestPlus is looking toward growth in Western Canada and here’s why.

About InvestPlus Real Estate Investment Trust

InvestPlus Real Estate Investment Trust (IP REIT) is a private real estate investment fund, based in Calgary, Alberta. InvestPlus 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 over $90,000,000 in buildings comprising of 21 building in the provinces of BC, Alberta and Saskatchewan. The current portfolio is appraised at $40,020,000 and comprised of 139 rental units and approximately 90,000 square-feet of rentable area. Read the top 5 reasons to invest in a REIT.

For further information please contact us.

Good luck Paula! Welcome, Eilidh!InvestPlus Keynote Speaking @ ACRE Real Estate Investor Summit in Calgary

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