- PROPetual is the first private REIT focused exclusively on land development within Metro Vancouver, open to retail and accredited investors and registered funds eligible
- $5,000 minimum investment, targeting an 8% preferred return and profit share
- Leveraging the full network, capabilities and resources of Isle of Mann Property Group (IOM)
SURREY, BC / ACCESSWIRE / January 11, 2022 / PROPetual (Venture 2021) Real Estate Investment Trust ("PROPetual" or the "REIT"), a private Canadian real estate investment trust focused on real estate development projects across Metro Vancouver, British Columbia, announces its public launch today, inviting investors to gain exclusive access to premium land development opportunities from Isle of Mann Property Group ("IOM").
"We created PROPetual to make investing in land development opportunities accessible to everyone," said Ravi Mann, President of PROPetual REIT. "Historically, developers would present these opportunities exclusively to institutional or high net worth investors, with minimum investment in the hundreds of thousands of dollars, namely due to the high capital requirement and long-term nature of developing real estate projects," Ravi explained. "PROPetual REIT defies this convention by establishing a low minimum investment threshold and ensuring that investments are eligible through registered fund accounts, thereby allowing retail investors to place funds that are already reserved for long-term investment."
Key Investment Highlights:
- Targeting an 8% preferred return + profit share.
- High quality projects: benefits from exclusive access to Isle of Mann Property Group's existing pipeline of qualified development projects at up to a 5% discount to market price.
- Tangible security, low volatility: private REITs have the inherent benefit of being secured against the real estate itself, further reinforced by the strength of Metro Vancouver, a world-class real estate investment market.
- Registered accounts eligible: maximize long-term savings by investing through RRSP, RESP and TFSA accounts.
- Rigorous oversight and transparency: PROPetual REIT employs a rigorous oversight framework throughout the entire development process and unitholders will receive quarterly project status reports on active developments.
- Low correlation, diversification: real estate is the classic alternative to traditional equity and fixed-income asset classes to diversify one's investment portfolio; PROPetual REIT further diversifies exposure by developing projects of various real estate asset classes.
PROPetual REIT was formed after identifying a significant market inefficiency in the Metro Vancouver region. It was observed that there are many investors ready, willing and eager to invest in qualified development opportunities, but unable to place funds due to several challenges, including: (a) an inability to secure strategically located properties; (b) insufficient resources (capital, expertise, experience, etc.); or (c) a lack of reputable and experienced managers to partner with. Consequently, PROPetual REIT was established to provide investors with access to IOM's steady pipeline of qualified, high-profile real estate development projects, effectively eliminating all barriers to entry for retail and accredited investors alike.
"With the scarcity and difficulty of land development opportunities in Metro Vancouver, our vision was to provide an investment vehicle that afforded the same opportunities and benefits available to accredited investors to anyone who is ready, willing, and able to invest in real estate development," Ravi said. "By leveraging the IOM platform and pipeline of qualified land development opportunities, we believe PROPetual REIT will achieve this vision."
PROPetual REIT aims to invest in Metro Vancouver markets that exhibit a high degree of the following real estate development fundamentals: significant investment in public infrastructure, population growth (through immigration) and affordability. Potential project formats are based on IOM's proven track record of success, including single-family subdivisions, townhomes, condominiums, mixed-use office and retail buildings, industrial sites and specialized assets classes, such as senior care and self storage.
"In the near term, our investment agenda will focus on development projects in Surrey and Langley, British Columbia, the two fastest growing markets in the Metro Vancouver region," continued Ravi. "These municipalities arguably exhibit the best balance of real estate development market fundamentals. In particular, they are attractive for their perceived balance between home values and commute times to city centres, while leveraging Metro Vancouver's global appeal and unmistakable beauty towards a higher quality of life."
Details of this offering can be found in the offering document at https://www.frontfundr.com/propetualreit.
This communication is for information purposes only.
About PROPetual REIT
Capital that builds. PROPetual REIT is a private Canadian real estate investment trust that provides investors direct access to qualified development opportunities across Metro Vancouver. We help investors to diversify their portfolio while maximizing socio-economic impact through high-quality contributions to the built environment. PROPetual REIT is eligible for investment through registered accounts in British Columbia, Alberta and Ontario. To learn more about how to invest in PROPetual REIT, visit www.propetualreit.com.
About Isle of Mann Property Group
Founded in 1994 as a modest developer of single-family homes, today Isle of Mann represents a vertically integrated commercial and residential property group. We leverage our experience and deep knowledge of real estate fundamentals to competently execute across the full spectrum of development, investment, and asset management. For more information visit: iompropertygroup.com.
Alyssa Barry, Media and Investor Relations
The information contained in this news release is for informational purposes only; is not investment, financial or other advice; and is not intended to be used as the basis for making an investment decision. This news release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities, nor shall any part of this news release form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of PROPetual REIT. This news release does not constitute any form of commitment, recommendation, representation, or warranty on the part of any person. No reliance should be placed on the completeness of the information contained in this news release. This news release is not intended to be a comprehensive review of all matters concerning the REIT. Please visit https://propetualreit.com/about for more information.
This news release contains forward-looking information regarding the REIT and its business, which relate to future events or future performance and reflect current expectations and assumptions. Often but not always, forward-looking information can be identified by the use of words such as "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, without limitation, risks regarding the Company's ability to bring its products to commercial production, natural health products and digital health industries, and the risks presented by the highly regulated and competitive market concerning the development, production, sale and use of the Company's products. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.
SOURCE: PROPetual Real Estate