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Harbour Equity’s 4th joint venture development fund 50% committed

Harbour Equity closed its 4th joint venture development fund in April 2018 and has now committed...

Harbour EquityHarbour 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




Harbour Equity

Website: Harbour Equity

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