54-60 Shepherd Road, Oakville
Loft and Townhouse Development Offering
Mortgage Brokerage # 10897 Mortgage Administrator # 11893
54-60 Shepherd Road, Oakville Loft and Townhouse Development - - PowerPoint PPT Presentation
54-60 Shepherd Road, Oakville Loft and Townhouse Development Offering Mortgage Brokerage # 10897 Mortgage Administrator # 11893 Disclaimer This Confidential Information Memorandum (the CIM) was prepared exclusively for the benefit and use
Loft and Townhouse Development Offering
Mortgage Brokerage # 10897 Mortgage Administrator # 11893
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This Confidential Information Memorandum (the “CIM”) was prepared exclusively for the benefit and use of certain qualifying investors, and exclusively for the purposes of considering an investment in the OpArt Lofts (the “Investment”). This presentation is confidential and proprietary to its author, Neilas Inc. (“Neilas”), and may not be disclosed, reproduced, distributed or used for any other purpose by the direct recipient, or any other recipient, without the express written consent of the author. Certain statements made in this presentation may be “forward-looking statements” regarding the plans and/or objectives of Neilas for future operations and anticipated results of operations. For this purpose, any statements contained herein or incorporated herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words, “believes”, “anticipates”, “proposes”, “plans”, “targets”, “expects”, “intends”, “may” and similar expressions are intended to identify forward-looking statements. Such statements are based on current expectations that involve known and unknown risks, uncertainties and other factors, including but not limited to those described herein, that may cause actual results, performance or achievements of the Investment to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Investment’s plans and objectives are based on assumptions involving the success of the offering described in this presentation and the development of its
information should not be regarded as a representation or warranty by Neilas, nor that the objectives and/or plans of the Investment will be achieved.
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auditor every year – we just received the 2014 audit
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governments in raising capital by underwriting or acting as the client's agent in the issuance of securities and debt instruments (or both)
investment
Hi-Rise is a comprehensive real estate focused investment company providing investment banking, advisory, administration and asset management services
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Hi-Rise is not a mortgage syndicator
development projects investors get clarity on where funds are going
The Hi-Rise platform is credible
against equity
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TRACK RECORD ALIGNMENT OF INTERESTS ACCOUNTABILITY & TRANSPARENCY KNOWLEDGE & EXPERTISE
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premium to market
TRACK RECORD ALIGNMENT OF INTERESTS ACCOUNTABILITY & TRANSPARENCY KNOWLEDGE & EXPERTISE
SUCCESS
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SUCCESS
TRACK RECORD ALIGNMENT OF INTERESTS ACCOUNTABILITY & TRANSPARENCY KNOWLEDGE & EXPERTISE
SUCCESS
Hi-Rise principals have unlimited liability – both their equity in Hi-Rise AND their personal property is on the line if projects are unsuccessful
investors exit first, then we exit)
projects financed
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We are pleased to announce a successful audit for the tenth year in a row
and significant estimates made by management
Act (see Appendix)
Your client’s investment is managed by a company that is accountable
TRACK RECORD ALIGNMENT OF INTERESTS ACCOUNTABILITY & TRANSPARENCY KNOWLEDGE & EXPERTISE
SUCCESS
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Audit Letter FSCO Compliance Letter
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Audit Checklist
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Senior Management and Directors at Hi-Rise are considered “best in class”
company)
TRACK RECORD ALIGNMENT OF INTERESTS ACCOUNTABILITY & TRANSPARENCY KNOWLEDGE & EXPERTISE
SUCCESS
14 Hi-Rise Partners are “Best-in-Class”
TRACK RECORD ALIGNMENT OF INTERESTS ACCOUNTABILITY & TRANSPARENCY KNOWLEDGE & EXPERTISE
SUCCESS
the Hi-Rise family – GREENWIN INC
residential property management companies
and 20,000 residential units
2011 from the Federation of Rental Housing Providers of Ontario
15 Hi-Rise Partners are “Best-in-Class”
TRACK RECORD ALIGNMENT OF INTERESTS ACCOUNTABILITY & TRANSPARENCY KNOWLEDGE & EXPERTISE
SUCCESS
than $6 billion, making it one of the largest contracting organizations in North America
Canada and Australia
Companies to Work For award for the eighth consecutive year
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Property Management Architects Development Legal Marketing Accountants Planning
Best-in-class development partners behind projects
TRACK RECORD ALIGNMENT OF INTERESTS ACCOUNTABILITY & TRANSPARENCY KNOWLEDGE & EXPERTISE
SUCCESS
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TRACK RECORD ALIGNMENT OF INTERESTS ACCOUNTABILITY & TRANSPARENCY KNOWLEDGE & EXPERTISE
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Increased Costs of Home Ownership
5% in the last two years, from 55% to 50%
difficult to deliver new condominiums
baby boomers and younger generations from making the move to ownership
Tremendous Population Growth
Political Support
The Perfect Storm has created a once in a generation opportunity for Purpose Built Rental buildings
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Oakville is an ideal location for purpose built rental
rental units)
incomes, and low vacancies
apartment building assets
“Oakville has some of the most favourable demographics in Canada for high- quality rental housing, but so far no developers have stepped forward to meet this demand.” Rock Advisors New Apartment Construction Report 2013
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Big Players Push for New Purpose Built Rental in Toronto
Canary District Downtown East (Cherry St. and Mill St.) 250 units (affordable housing) Announced 2012 “Heathview” Forest Hill 30 Storeys * 2 Towers 600 units “The first new high-rise rental to be built in the community [Forest Hill] in more than 40 years.” Announced 2013 Yonge and Queen 65 storeys 580 units Announced 2013 Owns and manages a $24 billion real estate portfolio Owns and manages a $15 billion real estate portfolio Dundee Realty owns and manages a $7 billion real estate portfolio Dundee REIT owns and manages a $13 billion real estate portfolio
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Oxford Place 600,000 sq. ft. of Residential Announced 2012 RioCan plans to build 3,000 to 4,000 residential rental units in the next five years and has three sites under consideration in Toronto Owns and manages a $22 billion real estate portfolio Owns and manages a $13 billion real estate portfolio
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OpArt Property Situated in Prime Real Estate
Lakeshore Rd. QEW/403 Oakville GO Station Oakville Place (shopping) Oakville Public Library OpArt Lofts Elementary School
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manage the building
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$15,000,000
$ 6,500,000
allotment for this investment
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Property Details Property Address 54 – 60 Shepherd Road Number of Storeys 10 Zoning Mixed Use Three MV3 Site Area 1.37 Acres Buildable 202,681 sq. ft. Rentable 155,454 sq. ft. Amenity (Indoor) 5,200 sq. ft. Residential Units 201 Average Unit Size 753 sq. ft. Parking 271 stalls (two levels) 1 Bedroom 99 1 Bedroom + Den 18 2 Bedroom 68 3 Bedroom 6 Elevators 4 Guest Suite 2 Lockers 201
Modern Class “A” Apartment Rental
Rents 1 Bedroom $ 1,500 /month 2 Bedroom $ 2,000 /month 3 Bedroom $ 3,000 /month Average rent $ 2.48 PSF Economics Revenue $ 4,878,000 /annum Operating Cost $ 1,372,507 /annum Operating Income $ 3,505,493 /annum Costs $68-70 MM Value $82-85 MM Profit $13-15 MM