| Closing: |
Oct. 23, 2007 |
| Total units: |
44,000 |
| Per unit: |
$1,250 |
| Debenture interest rate: |
8% |
| Equity raised: |
$55,000,000 |
| Total portfolio acquired to date: |
$27,150,000 |
| Number of properties: |
2 |
| |
Properties by Purchase Price |
Debt Maturities |
|
Year |
Debts |
2011 |
37% |
2015 |
63% |
|
| |
Acquisition is ongoing; more properties will be added. |
| |
 |
Health Plus
Calgary, AB |
| Purchase price: |
$8,600,000 |
| Purchase date: |
June 2008 |
| Mortgage: |
$6,000,000 |
| Interest rate: |
5.99% |
| Debt maturity: |
June 2011 |
| 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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