Portfolio Update
InvestPlus Starts 2025 With a Four-Building Acquisition
Published January 2025
InvestPlus REIT expands its industrial footprint into the Grande Prairie market with the acquisition of four buildings totalling 91,680 sq ft — bringing AUM past the $100 million mark.
InvestPlus REIT is pleased to announce the addition of four industrial buildings comprising 91,680 sq ft to its portfolio for $14,650,000 at an existing cap rate of 7.89%. Three of the four buildings are located on a single title in Red Deer, Alberta, and the fourth is located in Clairmont, Alberta (Grande Prairie). The acquisition closed in late December 2024 and marks another milestone within the InvestPlus portfolio — bringing the overall commercial space under management to 600,000 sq ft and the Assets Under Management (AUM) to $101 million.
We continue to further our footprint in the industrial space and add assets with strong tenant covenants. All four buildings are leased to one tenant who is a leader in manufacturing and refurbishing gas manifolds — a strong tenant with a healthy business and a long-term lease.
Long-term financing through National Bank
We have also been successful in having one of the chartered banks, National Bank, provide us financing for these buildings. We secured financing with National Bank for a five-year term at a rate of 5.13%. These rates and terms from a chartered bank allow InvestPlus REIT to provide unitholders with the security of a long-term fixed mortgage, providing predictable revenue to the Trust.
Having National Bank as our lender further confirms the steps we are taking as a Trust to grow, acquiring accretive properties like the RDI buildings. We’re excited to work with National Bank and look forward to continuing the relationship into future acquisitions.
Projected accretion and portfolio growth
The RDI buildings are projected to be accretive by an average of more than $3,600,000 over the next nine-year lease term, after unitholder distribution. This accretiveness will help sustain our distributions and strengthen our unit value. The acquisition also pushes our AUM to $101M — a 17.8% growth for 2024 compared to year-end 2023.
Built for registered-fund investors
With more than 40% of our unitholders using their RRSP to invest in our Trust, we’re committed to continuing investor presentations and building tours where we discuss how you can use your registered funds or cash to invest in private industrial real estate in Western Canada.
Want to invest alongside InvestPlus REIT?
Book a discovery call to learn how RRSP, TFSA, and cash investors are accessing our private industrial portfolio.
BOOK A DISCOVERY CALLAbout InvestPlus REIT (as of January 2025, post-acquisition): Calgary-based private real estate investment fund focused on growing unitholder value through the acquisition, ownership, and management of industrial properties in primary and secondary markets across Western Canada. With the RDI acquisition, the portfolio is appraised at more than $101 million and comprises more than 600,000 square feet of rentable area.
Important note: Acquisition details, cap rates, financing terms, AUM, square footage, and growth percentages in this article reflect the state of the portfolio and the deal at the time of announcement (January 2025). Projected accretion figures are forward-looking estimates as of January 2025 and are not guarantees of future performance. Verify against the most recent InvestPlus REIT materials before relying on specific figures. This article is informational only and does not constitute an offer to sell or a solicitation of an offer to buy securities. Investing involves risk. Speak with qualified advisors before making investment decisions.