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Harbour Equity closed its 4th joint venture development fund in April 2018 and has now committed 50% of the Fund. Harbour Equity continues to actively review investment opportunities for the balance of the Fund. 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 investments we have committed to date, which represent a broad spectrum in terms of asset class and geographic market.” said Harbour Equity President, Ari Silverberg. “We continue to seek out opportunities to provide $3 million to $15 million in equity funding to developers across Canada.”
Harbour Equity has invested in 45 projects since its inception in 2011 which on completion will comprise nearly $2.0 billion in real estate value. Investments have been made in a range of asset classes including for-sale residential, purpose-built rental, student housing, retail, and industrial developments. As of March 2019, Harbour Equity had successfully exited 12 investments and continues to hold five stabilized assets on a long-term basis.
Harbour Equity’s 4th fund is now comprised of seven joint venture development projects. Some highlights include:
* A $12.4 million commitment for a 50% interest in a multi-phase medium density residential project in Montreal, Quebec that will accommodate approximately 725 units.
*A $6.5 million commitment for a 50% interest in a 269,000 square foot industrial portfolio to be converted to condo strata units in Vaughan, Ontario.
*An $11.6 million commitment for a 50% interest in a 57-acre parcel of land in Brantford, Ontario that will accommodate approximately 380 low-rise residential units.
*A $6.5 million commitment for a 50% interest in a 175-unit purpose-built rental development in Kelowna, British Columbia.
About Harbour Equity
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
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