Real Estate Advisors

Maestro Retirement Residences Fund, L.P.

Investment strategy

  • Acquisitions in Quebec only
  • Residences which offer good potential to create value, especially from expansion projects and revenue growth
  • Properties of 100 units or more
 

Manoir et Cours de l'Atrium

Fund details
Inception date November 2001
Fund maturity 10 years + option of 2 years
Equity raised and invested $50.5 M
Capital distributions to date $28.7 M
Asset manager Maestro Management
Property manager Maestria Property Management
Service provider Allegro Residences
Number of units initially acquired 1,789
Total number of units after expansions 2,397
Assets at cost as at Nov. 30, 2009 $202.2 M
Market value as at Nov. 30, 2009 $223.5 M

 

 

Villa St-Georges

 

Manoir Archer