SPONSORED CONTENT: Harbour Equity has closed a $67.95 million private placement offering for Harbour Equity JV Development Fund IV and is now actively reviewing investment opportunities for the capital raised. As a capital provider for developers, Harbour Equity uses a variety of joint-venture structures to invest in both ground-up developments and value-add opportunities across real estate asset classes in all major markets throughout Canada.
“We’re very excited about the investment prospects for our fourth fund for which we are evaluating a number of high quality real estate investments in the $3 million – $15 million range,” said Harbour Equity President, Ari Silverberg. “We are grateful for the continued support of our returning investors and are extremely pleased with the quality of first-time investors we have welcomed into the fourth fund.”
Harbour Equity has invested in 38 developments, which on completion will comprise over $1.5 billion in real estate value, in a range of asset classes including for-sale and purpose-built rental residential, retail and industrial developments. As of March 2018, Harbour Equity had successfully exited 11 investments, and continues to hold five stabilized assets on a long-term basis.
The company also announced that its third fund has now been fully committed to 10 joint-venture projects. Some highlights include:
* $10.8 million commitment for a 50 per cent interest in a nine-acre medium density parcel of land in Mississauga, Ontario that will accommodate approximately 300 multi-residential units.
* $4.0 million commitment for a 50 per cent interest in a 167-unit mixed-use condominium project in Etobicoke, Ontario.
* $8.3 million commitment for a 35 per cent interest in a 230-unit townhouse project in Burlington, Ontario.
* $3.6 million commitment for a 50 per cent interest in a 45-acre site in suburban Ottawa, Ontario that will accommodate a combination of 480 condominium units, townhouses, and semi-detached houses.
About Harbour Equity Capital Corp.
Harbour Equity provides equity capital to experienced real estate developers across Canada and is part of The Harbour Group, a multi-dimensional real estate investment platform. For more information, please visit their website at: www.harbourequity.com or contact:
President, Harbour Equity Capital Corp.
(416) 361-3315 x238