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September 17, 2013 - Bridge Gap Development ("BGD") is pleased to announce the launch of Bridge Gap Properties Inc., ("BGP") a property acquisition and management company initiating an offering to raise funds for property acquisitions. BGP intends to raise funds to acquire identified assets which include a limited service hotel in Calgary, several British Columbia resort properties, a residential multi-family complex in Calgary and other Canadian hospitality properties.
BGP is offering units of $1,000 consisting of a $900 debenture and a $100 Class B share. The debenture offers 6% simple interest accumulated per annum and the Class B shares have a right to 75% of all distributed profits. This offering is available to purchasers who may rely on a prospectus exemption, such as Accredited Investors and investors outside of Ontario who qualify as Eligible Investors. At this time investors are not able to invest using funds in registered plans (such as RRSPs, RRIFs, RESPs, and TFSAs), but this opportunity should be available shortly.
BGP is the most recent endeavor of President Mr. David Crombie. Mr. Crombie has a long and distinguished career in real estate and hospitality. Notable achievements include several years as Vice President Development with Canadian Pacific Hotels, Choice Hotels Canada, York Hanover Hotels and the development and financing of the Three Sisters Resorts in Canmore, AB.
"I am beyond excited with the team that we have assembled here at Bridge Gap including our Advisory Board," says Mr. Crombie, "the combination of Canadian and International experience is impressive."
Questrade Inc., an Investment Dealer and Member of the Investment Industry Regulatory Organization of Canada (IIROC), is partnered with BGP as the Exempt Market Service Provider. Questrade Inc. will provide trading, clearing, and investor registration services.
Interested investors can email Josh Malate, BGD Chief Operating Officer, at email@example.com or call 403 474 2480 to request more information and for any other inquiries regarding the Offering Memorandum and Subscription Agreement.
About Bridge Gap Properties Inc.
Bridge Gap Properties Inc. specializes in property acquisitions, analysis, and management. The overall strategy is to acquire, operate and strategically divest commercial real estate assets such as resorts, traditional hotels, limited service hotels, multi-family residential complexes or commercial office buildings. BGP's strategic initiative is to carve a market niche between smaller real estate investors and large REIT's.
About Bridge Gap Development
Based in Calgary, Alberta, Bridge Gap Development is committed to building a globally competitive, yet locally focused real estate development company. Bridge Gap Development provides a clear vision to undertake a variety of ventures and projects on behalf of its investors.
Telephone: 403 474 2480
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