Harbour Equity raises $67.95 million for JV development fund

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.

Harbour Equity

“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:

Ari Silverberg
President, Harbour Equity Capital Corp.
(416) 361-3315 x238
asilverberg@harbourequity.com

 

 

 

 

 

 

 

 


Ari Silverberg is the co-founder and President of Harbour Equity and is primarily responsible for sourcing and managing Harbour Equity’s joint venture relationships. Prior to co-founding Harbour Equity in 2010…

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Ari Silverberg is the co-founder and President of Harbour Equity and is primarily responsible for sourcing and managing Harbour Equity’s joint venture relationships. Prior to co-founding Harbour Equity in 2010…

Read more





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