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Investment strategy
- Acquisitions in Ontario, Manitoba, Saskatchewan, Alberta, British Columbia and Quebec
- Combination of stabilized assets and newly built assets
- Construction of new residences in partnership with experienced real estate developers
- Residences which offer good potential to create value, especially from expansion projects and revenue growth
- Properties of 75 units or more
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Scarlett Heights |
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| Fund details |
| Inception date |
May 2006 |
| Fund maturity |
8 years + option of 2 years |
| Asset manager |
Maestro |
| Property manager |
Maestria Property Management |
| Service provider |
Allegro Residences and Royalton Retirement Residences Inc. |
| Equity raised |
$233.0 M |
| Equity invested and committed as at Nov. 30, 2008 |
$233.0 M |
| Number of units initially acquired |
1,468 |
| Number of units in development |
493 | | |
