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Allegro Residences
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Real Estate Advisors

Maestro Retirement Residences Fund III, L.P.

Investment strategy

  • Acquisitions in Ontario, Alberta, British Columbia and Quebec, if appropriate
  • Combination of stabilized assets and newly built assets
  • Residences which offer good potential to create value, especially from expansion projects and revenue growth
  • Properties of 75 units or more
  

Résidence Hôtellerie Harmonie

Fund details
Inception date May 2004
Fund maturity 10 years + option of 2 years
Equity raised and invested $122.1 M
Capital distributions to date --
Asset manager Maestro Management
Property manager Maestria Property Management
Service provider Allegro Residences
Number of units initially acquired 1,367
Total number of units after expansions 1,572
Assets at cost as at Nov. 30, 2008 $264.1 M
Market value of assets as at Nov. 30, 2008 $252.5 M

 

 

McConnell Manor

  

Whispering Pines