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Investment strategy
- Acquisitions across Canada
- Mix of well-established and newly-constructed residences
- Construction of residences in partnership with real estate promoters who know the sector well
- Construction of residences by the fund itself
- Creation of value based essentially on the construction of new residences, on expansion projects and on the growth of revenues
- Possibility of investing in discretionary investments relating to the retirement residence market
- Properties with 75 units or more
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| Fund details |
| Inception date |
April 2008 |
| Fund maturity |
6 years + option of 2 years |
| Asset manager |
Maestro |
| Property manager |
Maestria Property Management |
| Service operator |
Allegro Residences |
| Equity raised |
$234 M |
| Equity invested and committed by Nov. 30, 2008 |
n/a |
| Number of units initially acquired |
n/a |
| Number of units in development |
n/a | | |
