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Sunstone Opportunity Fund (2006)
Investment Properties |
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| Closing: |
Oct. 26, 2006 |
| Total units: |
40,000 |
| Per unit: |
$1,250 |
| Debenture interest rate: |
8% |
| Equity raised: |
$50,000,000 |
| Total portfolio acquired: |
$118,229,211 |
| Number of properties: |
14 (1 divested) |
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Properties by Purchase Price
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Debt Maturities |
| 
|
| Year |
Debts |
| 2007 |
3% |
| 2008 |
17% |
| 2009 |
6% |
| 2010 |
18% |
| 2012 |
28% |
| 2014 |
5% |
| 2015 |
23% |
|
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Place des Quatre-Bourgeois - 47.5% interest
Sainte-Foy, QC |
| Purchase Price: |
$11,597,125 |
| Purchase date: |
February 2008 |
| Mortgage: |
$8,450,000 |
| Interest rate: |
5.41% |
| Debt maturity: |
February 2010 |
| Property type: |
Shopping centre |
| Rentable area: |
245,028 sq. ft. |
| Key tenants: |
IGA, Winners, Dollarama, Rossy, Ureka, Jean Coutu, Subway |
|
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City Gate Centre
Chilliwack, BC
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| Purchase price: |
$16,466,086 |
| Purchase date: |
December 2007 |
| Mortgage: |
$12,368,314.50 |
| Interest rate: |
5.50% |
| Debt maturity: |
December 2012 |
| Property type: |
Shopping centre |
| Rentable area: |
46,163 sq. ft. |
| Site area: |
3.66 acres |
| Key tenants: |
HSBC Bank, Envision Credit Union's head office, Liquor Depot, Blockbuster, Dakota's Restaurant |
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Galeries Kirkland
Montreal, QC |
| Purchase price: |
$12,100,000 |
| Purchase date: |
September 2007 |
| Mortgage: |
$8,500,000 |
| Interest rate: |
5.38% |
| Debt maturity : |
September 2012 |
| Property type: |
Shopping centre |
| Rentable area: |
85,862 sq. ft. |
| Site area: |
5.3 acres |
| Key tenants: |
TD Canada Trust, Nevada Bob's Golf |
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Grand Marshall
Toronto, ON
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| Purchase price: |
$3,400,000 |
| Purchase date: |
June 2007 |
| Mortgage: |
$2,000,000 |
| Interest rate: |
5.65% |
| Debt maturity : |
July 2012 |
| Property type: |
Industrial |
| Rentable area: |
15,965 sq. ft. |
| Site area: |
2.69 acres |
| Tenant: |
Ministry of Transportation |
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|
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Polson Place Mall
Vernon, BC |
| Purchase price: |
$12,500,000 |
| Purchase date: |
May 2007 |
| Mortgage: |
$9,375,000 |
| Interest rate: |
6.37% |
| Debt maturity: |
May 2008 |
| Property type: |
Shopping centre |
| Rentable area: |
116,016 sq. ft. |
| Site area: |
9.686 acres |
| Key tenants: |
Super A Foods, Famous Players Theatre, Shoppers Drug Mart (opening September 2007) |
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Starlite Centre
Regina, SK |
| Purchase price: |
$5,321,500 |
| Purchase date: |
May 2007 |
| Mortgage: |
$4,250,000 |
| Interest rate: |
5.53% |
| Debt maturity: |
July 2014 |
| Property type: |
Shopping centre |
| Rentable area: |
26,869 sq. ft. |
| Site area: |
2.52 acres |
| Key tenants: |
KFC, Nevada Bob's Golf |
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788 Caldew Street
Delta, BC |
| Purchase price: |
$3,900,000 |
| Purchase date: |
March 2007 |
| Property type: |
Industrial |
| Rentable area: |
56,625 sq. ft. |
| Site area: |
2.671 acres |
| Sale price: |
$5,000,000 |
| Sale date: |
April 2008 |
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Cariboo Mall
100 Mile House, BC |
| Purchase price: |
$2,170,000 |
| Purchase date: |
March 2007 |
| Mortgage: |
$1,428,000 |
| Interest rate: |
6.25% |
| Debt maturity: |
June 2008 |
| Property type: |
Shopping centre |
| Rentable area: |
39,708 sq. ft. |
| Site area: |
3.44 acres |
| Key tenants: |
Pharmasave, BMO Bank of Montreal, True Value Hardware |
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Terrace Shopping Centre
Terrace, BC |
| Purchase price: |
$2,360,000 |
| Purchase date: |
March 2007 |
| Mortgage: |
$1,596,000 |
| Interest rate: |
6.25% |
| Debt maturity: |
June 2008 |
| Property type: |
Shopping centre |
| Rentable area: |
19,728 sq. ft. |
| Site area: |
0.854 acres |
| Key tenants: |
TD Canada Trust, Dollar Store With More |
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Smithers Mall
Smithers, BC |
| Purchase price: |
$1,760,000 |
| Purchase date: |
March 2007 |
| Mortgage: |
$1,176,000 |
| Interest rate: |
6.25% |
| Debt maturity: |
June 2008 |
| Property type: |
Shopping centre |
| Rentable area: |
43,741 |
| Site area: |
3.16 acres |
| Key tenants: |
Zellers Select, Bank of Nova Scotia |
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Evergreen Centre
Sooke, BC
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| Purchase price: |
$8,170,000 |
| Purchase date: |
February 2007 |
| Mortgage: |
$6,127,500 |
| Interest rate: |
5.36% |
| Debt maturity: |
March 2010 |
| Property type: |
Shopping centre |
| Rentable area: |
67,156 sq. ft. |
| Site area: |
7.96 acres |
| Key tenants: |
Western Foods, Shoppers Drug Mart, Royal Bank, BC Liquor Store, A&W Restaurants |
|
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Millwoods Mainstreet Mall
Edmonton, AB |
| Purchase price: |
$29,000,000 |
| Purchase date: |
February 2007 |
| Mortgage: |
$18,086,870 |
| Interest rate: |
5.42% |
| Debt maturity: |
July 2015 |
| Property type: |
Shopping centre |
| Rentable area: |
142,865 sq. ft. |
| Site area: |
15.23 acres |
| Key tenants: |
Sobeys, Bank of Montreal, Rogers Video, Tim Hortons, Wendy's |
|
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Maple Park Shopping Centre - 90% interest
Quesnel, BC |
| Purchase price: |
$2,884,500 |
| Purchase date: |
February 2007 |
| Mortgage: |
To be announced |
| Interest rate: |
N/A |
| Debt maturity: |
N/A |
| Property type: |
Shopping centre |
| Rentable area: |
140,000 sq. ft. |
| Site area: |
13.68 acres |
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Newton Crossing
Surrey, BC |
| Purchase price: |
$6,600,000 |
| Purchase date: |
December 2006 |
| Mortgage: |
$4,950,000 |
| Interest rate: |
floating |
| Debt maturity: |
June 2009 |
| Property type: |
Retail/office |
| Rentable area: |
48,966 sq. ft. |
| Site area: |
3.978 acres |
| Key tenants: |
CIBC, Government of BC, Macdonald Realtors |
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