| Closing: |
Oct. 23, 2007 |
| Total units: |
44,000 |
| Per unit: |
$1,250 |
| Debenture interest rate: |
8% |
| Equity raised: |
$55,000,000 |
| Total portfolio acquired: |
$110,695,000 |
| Number of properties: |
8 (2 divested) |
| |
Properties by Purchase Price |
Debt Maturities |
|
Year |
Debts |
2013 |
40% |
2014 |
40% |
2015 |
20% |
|
| |
 |
Golden Acres Shopping Centre
Calgary, AB
|
| Purchase price: |
$10,475,000 |
| Purchase date: |
June 2009
|
| Mortgage: |
$7,000,000 |
| Interest rate: |
5.95% |
| Debt maturity: |
June 2014 |
| Property type: |
Retail & office |
| Rentable area: |
57,639 sq. ft. |
| Site area: |
3.56 acres |
| Key tenants: |
Pizza Hut, Swiss Chalet, Mr. Sub, CitiFinancial, Daily Liquor |
| |
| |
| |
| |
 |
845 Marine Drive
North Vancouver, BC |
| Purchase price: |
$38,200,000 |
| Purchase date: |
March 2009 |
| Property type: |
Shopping Centre |
| Rentable area: |
Est. 88,751 sq. ft. |
| Site area: |
124,931 sq. ft. |
| Sale price: |
$46,700,000 |
| Sale date: |
August 2010 |
| |
|
| |
| |
| |
 |
838 Fort Street
Victoria, BC |
| Purchase price: |
$3,300,000 |
| Purchase date: |
October 2008 |
| Mortgage: |
$2,330,000 |
| Interest rate: |
5.85% |
| Debt maturity: |
October 2013 |
| Property type: |
Office building |
| Rentable area: |
19,234 sq. ft. |
| Site area: |
6,720 sq. ft. |
| |
| |
| |
| |
 |
Orchard Gardens Plaza - 50% interest
Kelowna, BC |
| Purchase price: |
$3,200,000 |
| Purchase date: |
October 2008 |
| Mortgage: |
$2,240,000 |
| Interest rate: |
5.51% |
| Debt maturity: |
October 2013 |
| Property type: |
Retail |
| Rentable area: |
43,988 sq. ft. |
| Site area: |
3.09 acres |
| Key tenants: |
Nevada Bob's Golf, Swiss Chalet, Blockbuster Video |
| |
| |
| |
| |
 |
Tristar
Delta, BC |
| Purchase price: |
$8,700,000 |
| Purchase date: |
September 2008 |
| Property type: |
Commercial |
| Rentable area: |
73,396 sq. ft. |
| Site area: |
7.12 acres |
| Sale price: |
$9,300,000 |
| Sale date: |
April 2011 |
| |
| |
| |
| |
|
Confederation Mall - 70% interest
Saskatoon, SK
|
| Purchase price: |
$19,670,000 |
| Purchase date: |
September 2008 |
| Mortgage 1: |
$7,834,872 |
| Interest rate: |
6.33% |
| Debt maturity: |
January 2014 |
| Mortgage 2: |
$5,530,000 |
| Interest rate: |
6.50% |
| Debt maturity: |
month to month |
| Property type: |
Retail |
| Rentable area: |
329,128 sq. ft. |
| Site area: |
29.0 acres |
| Key tenants: |
Wal-Mart, Safeway |
| |
| |
| |
| |
 |
Health Plus
Calgary, AB |
| Purchase price: |
$8,600,000 |
| Purchase date: |
June 2008 |
| Mortgage: |
$6,000,000 |
| Interest rate: |
floating |
| Debt maturity: |
June 2013 |
| Property type: |
Office building |
| Rentable area: |
31,655 sq. ft. |
| Site area: |
1.50 acres |
| |
| |
| |
| |
 |
Timmins Square - 35% interest
Timmins, ON
|
| Purchase price: |
$18,550,000 |
| Purchase date: |
December 2007 |
| Mortgage: |
$10,066,544.37 |
| Interest rate: |
5.229% |
| Debt maturity: |
December 2015 |
| Property type: |
Shopping centre |
| Rentable area: |
391,410 sq. ft. |
| Site area: |
52.0 acres |
| Key tenants: |
Sears, Zellers, Winners, SportChek, No Frills grocery store |
| |
|
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