Canvest Capital II LP

Calgary, Alberta

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A portfolio of commercial and industrial properties in Canada.

The Properties

This partnership’s strategy is to purchase existing high quality commercial and industrial properties in Canada with stable cash flows for regular distribution to investors, then dispose of properties for a capital gain.

 

The first property is a 6-storey office building, the Morgex Building, at 222 – 58th Ave SW, Calgary. It was purchased for $6.9M and has already been appraised at a higher value.


You can use RRSP funds for this investment!

Unlike most similar investments, this one has been structured so that you may use your RRSP funds to make all or part of your investment.

 

2005 RRSP Contribution deadline:

March 1, 2006.

 

RRSP Contribution Limits:

(2005) $16,500

(2006) $18,000

The Investment

The general partner has projected overall returns of 10% to 15% per annum.

Investors receive:

• 10% cumulative preferred return, paid quarterly.
• 80% of excess cash flow.
• 60% of net proceeds of sale.

Minimum Investment: $5,000 (Units of $1,000). It is rare to find entry at this level.

 

RRSP funds may be utilized to make all or a portion of the investment.

The Manager

The general partner is Canvest Management Corp., operated out of Calgary by Art Szabo and Don Rumpel. This is their second LP using this investment strategy. Annual financial reports are independently audited.

The Documents

BulletSummary (PDF - will open in a new window)

 

BulletTerm Sheet (PDF - will open in a new window)

 

BulletOffering Memorandum (PDF - will open in a new window)