Investment News Archive

LONDON PIER
CENTRAL STATION

An Extranet Tool for Better Client Communications

 

To obtain instructions and your password for access to your investments, please contact us per email.

 

bullet Access LP Central Station

Read more about London Pier Central Station

bullet Go to Recent News

REAL PROPERTY REAL RETURNS™ Newsletter No. 11 / June 11, 2007

 

Investment Risk

 

• Greater reward without more risk with 2 new property investment offerings from London Pier Properties Ltd.
• Read Newsletter No. 11

bullet Subscribe to Newsletter

REAL PROPERTY REAL RETURNS™ Seminars

 

Our REAL PROPERTY REAL RETURNS™ Seminars provide a way to learn about our real estate investment opportunities in a relaxed environment. Held in various locations throughout BC and Alberta.

 

Please see our Investment Seminars page for more information and to register.

 

 

REAL PROPERTY REAL RETURNS™ Newsletters

 

For the latest news delivered to your desktop -- register for our REAL PROPERTY REAL RETURNS™ Newsletter today.

 

London Pier Properties Ltd. respects your right to privacy and the confidentiality of your information. We do not sell, rent or trade personal information that we collect.

  1. June 15, 2007

    Campbellton Super 8 Motel Update

  2. June 6, 2007

    London Pier Properties will be introducing our investment opportunities to the Okanagan this Fall

  3. May 18, 2007

    Campbellton Super 8 Motel is Now in Operation

  4. April 18, 2007

    Retail shopping plaza investment offering in Ontario

  5. April 17, 2007

    Cambrian Strathcona II LP - Development of 149 Acres Industrial Land in Alberta

  6. March 20, 2007

    REAL PROPERTY REAL RETURNS Newsletter No. 10: Hotel Investment

  7. March 19, 2007

    Canvest Capital II LP is selling the Morgex Building
  8. Canadian Hotel Market - Second Consecutive Year of Record Activity

  9. February 1, 2007

    REAL PROPERTY REAL RETURNS Newsletter No. 9: Development or Income (Part II)

  10. January 19, 2007

    London Pier's new Toll Free phone number

  11. January 10, 2007

    Article - “Strathcona County”

  12. January 2007

    Investment Opportunities Q1 2007

  13. January 3, 2007

    REAL PROPERTY REAL RETURNS Newsletter No. 8 : Development or Income (Part 1)

  14. December 2006

    Red Deer Mortgage
  15. REIT purchasing Kingsway Arms at Clarington
  16. Canvest Capital II LP
  17. Simcoe Development Fund

  18. November 2006

    Ramada Hotel and Conference Centre

  19. October 2006

    Ramada Hotel conversion in Toronto
  20. Pacrim Dartmouth portfolio
  21. Calgary Seminars

  22. September 21, 2006

    REAL PROPERTY REAL RETURNS Newsletter No. 7: How to Succeed

  23. September 5, 2006

    REAL PROPERTY REAL RETURNS Newsletter No. 6
  24. Refurbishment of 285 room Ramada Hotel in Toronto, Ontario

  25. August 22, 2006

    REAL PROPERTY REAL RETURNS Newsletter No. 5: More Cash Flow

  26. July 27, 2006

    REAL PROPERTY REAL RETURNS Newsletter No. 4: Talking About Liquidity

  27. July 10, 2006

    REAL PROPERTY REAL RETURNS Newsletter No. 3: It's About Cash Flow

  28. June 30, 2006

    REAL PROPERTY REAL RETURNS Newsletter No. 2: It's Hot from Edmonton to Calgary

  29. June 22, 2006

    REAL PROPERTY REAL RETURNS Newsletter No. 1: Hotels
  30. RRSP Investments

  31. April 20, 2006

    Hotel Investment Portfolio

  32. April 13, 2006

    Halifax Apartments
  33. Pacrim Campbellton & Dartmouth LP
  34. Pacrim Dieppe
  35. A New REIT formed by Pacrim Hospitality
  36. Walden Village Retirement Residence
  37. Simcoe Development Fund LP

  38. March 1, 2006

    Retirement Home Development Sites Required
  39. Super 8 in Moncton Building Completed

  40. February 20, 2006

    Financing Available for Developers
  41. Assisted-Living Retirement Residences — Development Sites Required
  42. Progress on Sale of Halifax Apartments
  43. Super 8 Hotel Moncton - Construction Ahead of Schedule

  44. January 11, 2006

    Sale Approved

  45. December, 2005

    Pacrim Moncton
  46. Two great new deals to announce
  47. Investment News

  48. August, 2005

    Investment News
  49. Investors Met Allan Grossman, Founder of ASG Financial Corp.
  50. New on Our Website


  1. [ top ]

    Campbellton Super 8 Motel Update


    The Campbellton Super 8 Motel grand opening will be celebrated on June 21, 2007.


  2. [ top ]

    London Pier Properties will be introducing our investment opportunities to the Okanagan this Fall


    London Pier Properties will be exhibiting at the Kelowna Fall Home Show on September 14 - 16, 2007 at Kelowna Curling Club, 551 Recreation Avenue. Look for us in Booth 33.


  3. [ top ]

    Campbellton Super 8 Motel is Now in Operation


    The interior construction is complete and as of May 16th the Campbellton Super 8 Motel is open to the public. You can download a PDF containing photos of the refurbished interior.


  4. [ top ]

    Retail shopping plaza investment offering in Ontario


    We had a new shopping centre development in Hamilton, Ontario to offer to our investors. Unfortunately, it was a small offering that sold out very quickly, so it will not likely be posted on the site.

     

    Fortunately, we do have a new retail shopping plaza offering, consisting of two development properties in the towns of Brockville and Cornwall, in Ontario. The developer is Delart, operated by Paul Schachter. Please watch for it to be posted on the Investment Opportunities page.


  5. [ top ]

    Cambrian Strathcona II LP - Development of 149 Acres Industrial Land in Alberta


    An updated Executive Summary for this investment opportunity has now been posted on the Cambrian Strathcona II LP investment page.

     

    The Cambrian Strathcona II LP site has been purchased on March 31, so the Limited Partnership is now the owner of the land. Focus Engineering, a well-known engineering and planning firm in the Edmonton area, has been engaged, and is working on the gathering of base data for the Area Structure Plan. The geotechnical, environmental and biophysical consultants have been selected. The other consultant to be selected concerns a traffic study. Arrangements are being made to commence on-site drilling of test holes by the geotechnical consultants. There is still room to invest in the equity, on a first-come-first served basis.


  6. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 10: Hotel Investment


    • Canadian hotel market - second year of consecutive record activity
    • Holloway Lodging REIT
    • Conversion of Toronto Ramada Hotel to Wyndham Garden is underway
    • Canvest Capital II LP is selling the Morgex Building
    • Read Newsletter No. 10

  7. [ top ]

    Canvest Capital II LP is selling the Morgex Building


    The Calgary office building purchased by Canvest Capital II LP in November 2005 for $6.8M is now under contract to sell for $11.0M to a private buyer. Investors have been receiving 10% cash-on-cash returns, and will be entitled to their prorated share of 60% of the net gains on sale, plus return of capital. The purchaser waived conditions on March 15, and the closing date is scheduled for July 2007.


  8. [ top ]

    Canadian Hotel Market - Second Consecutive Year of Record Activity


    According to 2007 Canadian Hotel Investment Report issued by Colliers International Hotels, investment in the Canadian hotel sector skyrocketed in 2006, surpassing the previous mark, set in 2005, by more than $1 billion to reach aggregate transaction volume of $3.0 billion – the highest ever recorded.

     

    The hotel industry remains in a strong upcycle, fuelled by a diverse array of capital sources.  Hotels have become a legitimate institutional grade asset class, spurring new entrants into the market, including pension funds, private equity firms, hedge funds and some new hotel REITs.  Both foreign and domestic investors were attracted to the Canadian hotel market.

     

    In addition to the exceptionally high level of available capital, other factors included a moderated supply of newly constructed hotel properties, strong operating fundamentals, and Canada’s remarkable economy that outpaced the performance of all G7 countries.

     

    For 2007, the trend of demand exceeding supply, fuelled by availability of capital and controlled supply of newly built properties, is expected to continue.  The Canadian market is “just entering its growth phase” and “timing remains ideal to continue investing in Canadian hotels.”

     

    To obtain the full Colliers report, click on 2007 Canadian Hotel Investment Report. (700 kb PDF will open in new window.)


  9. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 9: Development or Income (Part II)


    • Development projects vs. income investments - Part II
    • Alberta's Industrial Heartland
    • RRSP eligible investments from London Pier Properties.
    • Read Newsletter No. 9

  10. [ top ]

    London Pier's new Toll Free phone number


    London Pier Properties Ltd. launches a Toll Free phone number 1 (866) 685-8989.


  11. [ top ]

    Article - “Strathcona County”


    Article - “Strathcona County”, Western Investor, January 2007. (PDF will open in new window)


  12. [ top ]

    Investment Opportunities Q1 2007


    Development Projects

     

    1)  Industrial land development in Edmonton, Alberta.  Projected to be a 2 – 3 year development, with no cash flow during the term.  Very high returns are expected.  Minimum: $50,000.  This will be offered to Accredited Investors only.  Available January, 2007.

     

    2)  Mixed-use development in Cornwall, Ontario, operated by Paul Schachter.  Projected to be a five year project, with cash flow in Years 3 - 5. Minimum: $25,000.

     

    3)  Pacrim Hospitality hotel redevelopment projects are available for investment now.  Minimum $25,000.  Projected returns: 25% plus over 3-5 years.

     

    Income

     

    4)  Apartment buildings in Ontario cities.  The returns will not be as high for these income opportunities as on our development projects, but there will be potential for growth.  Distributions commence earlier and cash flow is steady.  It is likely that at least one of these will be RRSP-eligible. Minimum: $10,000.    Available Q1 2007.

     

    5)  RRSP-eligible syndicated mortgage on a land development in Edmonton, Alberta, paying simple interest at 12% p.a.  Quarterly payments.  Minimum: $10,000.  Available January 2007.

     

    Pacrim Dieppe LP – Super 8 Hotel, Moncton, NB.  A reporting package is currently being prepared for investors.  While we want to ensure that this hotel has cash flow prior to committing to distributions, Glenn Squires, Pacrim Hospitality’s president, feels that Dieppe will be a great success throughout the winter months and anticipates a distribution early in 2007.

     

    Pacrim Dartmouth.  The acquisition of the two hotel properties in Campbellton, NB and Dartmouth, NS by the partnership was formally completed in December.  More news in the next four weeks.


  13. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 8 : Development or Income (Part 1)


    • Development projects vs. income investments - Part I Limited partnerships and new taxation rules
    • What's available in Q1
    • Property news & updates.
    • London Pier Properties at the Vancouver Financial Forum.
    • Read Newsletter No. 8

  14. [ top ]

    Red Deer Mortgage


    This past Summer, ASG offered a syndicated mortgage paying a fixed return of 20%.  The borrower used the funds to purchase an apartment building in Red Deer, Alberta and then sold the building to a REIT.  This sale closed on December 19th, 2006.  Investors received the full 20% payment on their money, even though the term of the loan was only four months.  This represents a 60% annualized rate of return.


  15. [ top ]

    REIT purchasing Kingsway Arms at Clarington


    Lanesborough REIT has raised funds to purchase the Kingsway Arms Retirement Centre at Clarington, in Bowmanville, Ontario, and the closing is scheduled for January, 2007.  It is hoped that the REIT’s appetite for retirement homes continues.  There are nine more Kingsway Arms retirement homes, of which one is Walden Village, in Kanata, Ontario.


  16. [ top ]

    Canvest Capital II LP


    The first Annual General Meeting of investors was held on November 27, 2006 in Calgary.  No one could have anticipated the dramatic rise in value of this property in such a short time.  Much of this was purely due to the market, but Canvest Management did a great job of repositioning tenants at new rental rates of $17 a foot.  Based on current capitalization rates for Calgary office buildings and the current rent roll, management values the property at $11.0M.  It is felt that most of the rise in value (it was purchased by the partnership in November 2005 for $5.7M) has already happened.  Investors at the meeting agreed that 2007 will be the year to list this property on the market.


  17. [ top ]

    Simcoe Development Fund


    Elmvale is fully serviced, with the exception of some hydro lines that still have to be put in place.  The builder who has purchased lots from us has applied for 15 building permits.  As soon as the builder sells ten additional homes, we will begin servicing the second phase of this development.

     

    Alcona - We need final approval from municipal council to service this property.  It has been stated that this council is pro-development for this area.  We do not anticipate any problems at this point, and we will keep you updated.

     

    Bass Lake - This subdivision has been fully approved by all the necessary parties.  Servicing is expected to begin in March 2007.


  18. [ top ]

    Ramada Hotel and Conference Centre


    On November 2, 2006, Windport Developments Inc., our operating partner, took over management of the hotel on behalf of Pacrim North York Limited Partnership. The hotel will be operated as a Ramada hotel even while refurbishments are undertaken, secion by section. On completion, the hotel will be converted to a Wyndham Garden Estates hotel – a premium, 285 room hotel with 14,000 sf of conference facilities, a restaurant and lounge, fitness club, meeting rooms, whirlpool, sauna, swimming pool with waterslide, an enclosed courtyard garden and an executive floor with private lounge.

     

    The designer of the Wyndham Garden Estates hotels is renowned American architect Michael Graves.To see a short video about the design concept see the “The Hotel That Performs” info box on the Toronto Ramada page.

    This 11-storey hotel sits on 5.7 acres of land at the intersection of two of Canada’s busiest highways, 401 and 404, in North York, Ontario. There is already a conditional agreement of sale in place for the sale by the limited partnership of one acre to a third party for $3.0M, the proceeds of which will be used to repay long term debt.


  19. [ top ]

    Ramada Hotel conversion in Toronto


    We have just had our a first look at the Executive Summary for the Ramada Hotel conversion in Toronto, another exciting project by Pacrim Hospitality. There is $6.0M to be raised, of which already $1.0M has been reserved. It looks good. Very good. 27% annual returns are projected over four years.


  20. [ top ]

    Pacrim Dartmouth portfolio


    London Pier Properties is still settling the last bits of the Pacrim Dartmouth portfolio. Everyone who has reserved through London Pier needs to get their money and documents in to us without delay. Technically, it is sold out to the last dollar, but there are people who have reserved some who may not come through, and other new investors who come along will inevitably bump those reservations out until all the cheques are in.


  21. [ top ]

    Calgary Seminars


    At the next seminar and show in Calgary (first weekend in November), London Pier will be showcasing the Toronto Ramada LP and the Simcoe Development Fund LP. Other investments are also expected to be coming on stream in the next six weeks.


  22. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 7: How to Succeed


    • To achieve success, align with success.
    • Cash flow game.
    • London Pier at the Calgary Financial Forum.
    • Read Newsletter No. 7

  23. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 6



  24. [ top ]

    Refurbishment of 285 room Ramada Hotel in Toronto, Ontario


    Projected overall returns: 27-29% plus sale of surplus land for $4-6M.


    This hotel purchase is set to close on October 26/27, 2006, using money from Pacrim and the Vendor Take Back and Mezzanine mortgage financings. We have 90 days to raise the capital, beginning October 27. We are taking reservations now. There are some large amounts going in now (1.0M). We are trying to raise the money ASAP, with a target of thirty days (because there is another hotel deal coming along soon as well). An investor’s money will not be sitting in trust for any length of time.

    For the next short while, we can take written reservations, but we will collect the cheques at the same time as the subscription documents are ready. It is intended that this project will sell very fast. Even though it is a 6M raise, there are some large investors who are taking large chunks.

    There is already a 3.0M offer coming in on the surplus land. (The projections don’t show that until Year 3, so this is great).

    The back-end split is 50:50 after a preferred return of 12%. That applies to the income stream, the sale of the surplus land and the sale of the hotel.

    There is 5% being paid out in Year 2. This is coming from investors’ own money and not a return on the investment. The sole purpose is to give people cash flow that helps them pay for any debt they may have incurred to purchase the investment. We did this after discussion to see how people felt about not having any returns at all for the first 2 years, and this was the consensus result. We don’t hide the fact that it is return of their own capital at that stage in the development process.

    Interesting times.


    bullet More information coming soon!
    Please call 604.805.0045 or Email: info@londonpier.ca us if you would like to be notified as information becomes available.


  25. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 5: More Cash Flow


    • How does cash flow affect growth?
    • Cash returns are not taxable income.
    • Cash flow and returns quadrants.
    • Cash Flow + Growth potential -- Canvest Capital II LP in Calgary.
    • Read Newsletter No. 5

  26. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 4: Talking About Liquidity


    • Build liquidity into your portfolio.
    • Investment opportunity has been modified to improve liquidity -- Simcoe Development Fund LP in Ontario.
    • Read Newsletter No. 4

  27. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 3: It's About Cash Flow


    • Beef or Dairy: Which is the superior cash cow?
    • The power of positive cash flow.
    • Investment Opportunity: Hotel Refurbishment = High returns + Quick time to cash flow. Pacrim Campbellton & Dartmouth LP.
    • Read Newsletter No. 3

  28. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 2: It's Hot from Edmonton to Calgary


    • Village Landing shopping center in St. Albert, Alberta. Where is Red Deer? Mortgage for condo conversion.
    • Opportunity in Calgary: Office Building for Cash Flow and Growth. Canvest Capital II.
    • Read Newsletter No. 2

  29. [ top ]

    REAL PROPERTY REAL RETURNS Newsletter No. 1: Hotels


    • Super 8 Moncton Dieppe
    • Holloway Lodging REIT Acquires initial hotel property
    • A 3 Year Investment: Super 8 Hotel in Truro, NS. Investment Opportunity: Redevelopment of Ramada Hotel & Conference Center in Toronto
    • Read Newsletter No. 1

  30. [ top ]

    RRSP Investments


    Need a good RRSP investment? Would you like to invest in Calgary? For those interested in these types of investments but need an investment for RRSP purposes, we have a very nice investment in office and commercial buildings that will work for your RRSP and will give you good returns as well. It’s rare to be able to invest in real estate using RRSP funds.


    The first building is an existing 7-storey office building in Calgary, called the Morgex Building. I was just in Calgary. There is a tremendous undersupply of office space that is increasing.


    • Minimum investment amount: $5,000.
    • Projected annualized returns: 10 – 15%.

  31. [ top ]

    Hotel Investment Portfolio


    If you have ever wondered how to achieve higher returns on your investments while preserving your capital, this is a real property investment opportunity you ought to consider.

    Pacrim Campbellton & Dartmouth LP is a portfolio of two Super 8 hotels in the Maritimes – one in Campbellton, New Brunswick and one in Dartmouth, Nova Scotia. The overall returns are projected to be 33-34% per year, made up of quarterly cash returns and the gain on a future sale of the property. In the third year (2008), a mortgage refinancing is projected to provide for the return to investors of half their original capital invested, without any dilution of ownership.

     

    What I find interesting about this investment is that the risk is no greater than other investments we offer that provide returns of 20% - 22%. The extra profits arise because, rather than constructing new buildings, we have acquired existing hotels at good bargains and we are refurbishing and rebranding them.

     

    The operator, Pacrim Hospitality (www.pacrimhospitality.com), has never had a hotel that wasn't making money. They currently operate 29 hotels (not including these two and the new Super 8 in Moncton, NB). Glenn Squires, Pacrim’s president, has developed 50-60 successful hotel properties in his career. Glenn says that Halifax/Dartmouth has been the most successful hotel market in Canada for the past five years.

     

    This investment offering is expected to sell out very quickly (as it should!). The two properties in this portfolio have already been acquired, refurbishments are underway, and they will open this coming season. The Executive Summary and Offering Memorandum will be finalized in approximately three weeks. For the draft Executive Summary click here. Reservations for this investment are being taken right now. Minimum investment: $25,000.

     

    For more information please call or email me.


  32. [ top ]

    Halifax Apartments


    The closing for the sale by Halifax Apartments Limited Partnership of the entire portfolio of 13 apartment buildings in Greater Halifax takes place today, April 13, 2006. Partners will receive repayment of their capital right away. ASG needs time to calculate each limited partner’s share of the excess proceeds based on time invested. Over the next month, partners will receive a complete payout, to include the preferred return for Q1 2006 and up to the date of closing of the sale, plus the gain on the sale of the properties. These amounts will accrue interest during this time period. While the projected returns for this investment were 15%, limited partners can expect to receive at least a 17% overall return on investment.


  33. [ top ]

    Pacrim Campbellton & Dartmouth LP


    This limited partnership shows the best projected returns (both cash-on-cash and overall returns) of any we have seen recently. At the moment, reservations for this investment are actively being accepted, pending completion of an appraisal on one of the properties that will require one more month. The Offering Memorandum will not be finalized until that appraisal has been produced. Meanwhile, the limited partnership reservations indicate that it will be oversubscribed.


    Accordingly, investors are now being asked to reserve their positions by providing a cheque for the full amount of their intended investment. The funds will be held in trust and bear interest. Investors will receive the preferred return of 10% from the time their funds have been received, while anyone who does not subscribe for the investment once the Offering Memorandum has been issued will be entitled to a return of their funds plus 5% p.a. interest.


    The Executive Summary is available at London Pier Investment Properties. It is subject to revision once the appraisal has been received and the Offering Memorandum has been finalized.


    This investment offering is expected to sell out very quickly. The properties have already been acquired and will open on May 1.


  34. [ top ]

    Pacrim Dieppe


    The hotel is built and will open on schedule on May 1.
    » view update photo (PDF document will open in new window)
    Pacrim Dieppe No. 2 LP is sold out.


  35. [ top ]

    A New REIT formed by Pacrim Hospitality


    A new Real Estate Income Trust (“REIT”) that will trade initially on the TSX Venture Exchange has been established by Pacrim Hospitality. The REIT will purchase hotel properties that are operated by Pacrim, and Pacrim will continue as the operator.


    Pacrim now operates 29 hotels, a golf club and a hotel reservation system. The Moncton, Campbellton and Dartmouth Super 8 hotels offered by London Pier will bring this total up to 31 hotels. The REIT is a potential purchaser of hotel properties acquired or developed initially by limited partnerships in conjunction with Pacrim. In essence, this establishes an excellent potential exit strategy for the limited partnerships that develop or acquire hotel properties and take them to the income stabilization stage before refinancing or sale. As always, partners will vote on any sale opportunity.


    As this story develops, we will be talking about REITs and how they compare to other forms of investment.


  36. [ top ]

    Walden Village Retirement Residence


    While this retirement residence has struggled to achieve full occupancy levels, it is now fully occupied and has reservations on a waiting list. It has also received reservations for the new expansion to be constructed. The intensive marketing efforts by Kingsway Arms Management have borne fruit.


    On April 12, Walden Village Retirement Centre received an award from the Kanata Chamber of Commerce, which selected it as the 2005 Medium Business of the Year.


  37. [ top ]

    Simcoe Development Fund LP


    Simcoe Development Fund LP continues to be sold to investors, and the Fund has closed the land acquisition for the first project – 41 acres at Bass Lake, Ontario.


  38. [ top ]

    Retirement Home Development Sites Required


    We are seeking development sites in Kelowna, Vancouver, West Vancouver, North Vancouver, Victoria and White Rock for new retirement residences of at least 90 suites. Please call for more information.


  39. [ top ]

    Super 8 in Moncton Building Completed


    The opening date for the new Super 8 hotel in Moncton is scheduled for May 1, 2006. The builder has already completed the construction and is ready to transfer possession to Pacrim Hospitality, who are the managers for Pacrim Dieppe LP. Construction completing this far ahead of schedule is something rarely heard of.


  40. [ top ]

    Financing Available for Developers


    London Pier Properties Ltd. announces that it will now be helping land developers to obtain financing for their land development projects in British Columbia and Alberta. We are especially interested in assisted-living retirement residences, seniors housing, commercial and waterfront recreational in the right areas. » Learn more...


  41. [ top ]

    Assisted-Living Retirement Residences — Development Sites Required


    London Pier Properties is seeking land development sites in British Columbia for development of assisted-living retirement residences. Contact Fred Margel at 604.805.0045 for details.


  42. [ top ]

    Progress on Sale of Halifax Apartments


    The purchaser of this apartment portfolio of 13 buildings in the Greater Halifax area is now pursuing a closing for March 17 or 20, and they are completing their due diligence. There are still some conditions to be satisfied. The purchaser wants to purchase the limited partnership units, rather than the assets, in order to save tax that would be charged on a transfer of the land. The savings will be shared with the limited partners. This would also give limited partners the advantage of not being charged recapture on Capital Cost Allowance.


  43. [ top ]

    Super 8 Hotel Moncton - Construction Ahead of Schedule


    Construction of the Super 8 Hotel in Moncton, NB is now ahead of schedule. The planned opening date is May 1, 2006. Who ever heard of being ahead of schedule?

     

    Pacrim Dieppe LP sold out in December. Pacrim Dieppe LP No. 2 (see www.londonpier.ca/pacrimmoncton.php) is available now (Up to $750,000). It is the same excellent deal, on the same terms, but the funds will be used simply to pay out the vendor of the land.


  44. [ top ]

    Sale Approved


    The Greater Halifax Limited Partners were 80% in favor of a sale of their portfolio of apartments. The closing date is set for the end of February.


  45. [ top ]

    Pacrim Moncton


    Take a look at some photos showing the state of the construction of the Super 8 hotel in Moncton, NB. Looks like it will comfortably be ready for the scheduled opening on May 1, 2006.  
    » View Photos (This link opens an Adobe Acrobat file in a new window)


  46. [ top ]

    Two great new deals to announce


    Simcoe Development Fund – a fund for highly profitable land development projects in Simcoe county, Ontario (Barrie, Orillia, Lake Simcoe). Projected annualized returns for the first three projects in this five year investment: 20%, 27% and 44%. There is a lot of interest in this investment product.


    Pacrim Maritime – a portfolio of two hotels, both extremely profitable. One in Campbellton, NB and one in Dartmouth, NS., to be purchased, refurbished and rebranded as Super 8 hotels by Pacrim Hospitality. Projected annualized returns: 33%+.


    Executive Summaries for these two investments should be available in the next couple of weeks, followed by the Offering Memorandums. Summaries will be up on this site.


  47. [ top ]

    Investment News


    Sale of Halifax Apartments - There is an offer on the table to purchase the entire portfolio (13 buildings) for $3.2M. This would provide investors with at least a 17% annualized return on investment (that includes all cash returns paid and the upside on the sale). For investors who got into this deal later, their annualized returns will be higher.

    This is a case where although the original investment time horizon is five years or more (which is the case for most of our real estate investments), a buyer has made an offer that will give investors very good returns immediately. Investors will vote on whether or not to sell. The general partner does not get a vote. The voting threshold is a 60% majority because it is sooner than five years (after five years, the required majority drops to 50%). Results should be known in a few weeks.

     

    Halifax Apartments is sold out.

     

    McCall Lake has some good news that will enhance the ROI – one of the spaces that has been empty historically because it is in the back, facing away from the central parking area and the street, has been leased to a cabinet maker.

     

    McCall Lake has sold out. Investors can expect to do well.

     

    Pacrim Moncton is down to 45 units remaining for sale. The building is up and they are now completing the interior. Well on track for completion in time for the scheduled opening on May 1, 2006. Since the uncertainties of construction comprise a good portion of the risks associated with any real estate development, anyone making an investment at this stage is taking on a reduced risk for the returns.


  48. [ top ]

    Investment News


    Walden Village LP has sold out - the last few units have been taken up by a single group of offshore investors. Guess they weren't concerned with the RRSP eligibility - they just loved the returns.


  49. [ top ]

    Investors Met Allan Grossman, Founder of ASG Financial Corp.


    An Investor Reception to meet Allan Grossman, the Chair of ASG Financial Corp. was held in Vancouver August 24, 2005


  50. [ top ]

    New on Our Website


    We have added the following items to our website in August 2005:



LondonPierREAL PROPERTY REAL RETURNS™ Newsletters

All newsletters open in a new window: