Alignvest Student Housing – Q1 2021 Management Report

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MARCH 31, 2021 – MANAGEMENT REPORT

 

We are pleased to send you the March 31, 2021 Management Report of Alignvest Student Housing Real Estate Investment Trust (“ASH REIT”).

Throughout Q1 2021, we continued to focus on operations and growth while maintaining the health and safety of our team and residents at our properties. With the roll-out of vaccines in Canada and our universities issuing “return-to-campus” announcements for Fall 2021, we are starting to see signs of a return to normalcy in Canada.

We expect that high-quality accommodations will be in demand as students return to campus. With this in mind, we completed a strategic acquisition of two properties in Waterloo that added 795 beds to our portfolio, and we have secured another attractive acquisition in Ottawa with over 500 beds that we expect to close in early Q3 2021. With these acquisitions completed, our assets will be valued at over $650 million. We are continuing to raise equity capital to fund these acquisitions.

Below is the link to our Management Report. In addition, below is a link to our recently issued 2020 audited financial statements. We have included enhanced financial disclosure and commentary in this report. Please contact us if you have any questions or need additional information.

 

March 31, 2021 - Management Report

2020 Audited Financial Statements

 

 

Insurance Division Giveaway

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Our insurance division is running a contest for the month of April. CONTEST CLOSED: Winner has been announced April 29, 2021 on our social media. Thank you to all who participated in our contest.

 

Grand Prize:

Two night Staycation at your local Alt/Germain Hotel with a dinner or breakfast on us!*
Four Weekly Prizes: to be showcased on our social media pages

 

How to Enter:

Run a personal insurance quote on our website: Insurance | Meckelborg Financial Group (mfgltd.com)  under the “get a quote” section to be eligible. Be sure to include your full name and email address, limit one entry per person per week*. You will be entered to win that weeks prize as well as the Grand Prize Staycation. Contest is starting April 5th 2021, with the winner being drawn on April 29th, 2021.

 

For Additional Entries:

• Like & follow both of MFG’s Instagram and Facebook pages
• Share and tag us in this post on both Instagram and Facebook
• Tag 3 friends

 

Official Site | Alt Hotel Saskatoon (germainhotels.com)

*up to a maximum of $500.00 for a two night stay, $50.00 for dinner/breakfast

*eligibility will be based off legitimacy of insurance quotes

Northpoint Global Partners Fund – Financial Statements

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Please click on the below link to view the 2020 Northpoint Global Partners Fund Financial Statements.

 

2020 Northpoint Global Partners Fund

Term vs Permanent Life Insurance

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Understanding Life Insurance – Sun Life Financial Feature

Their are two basic types of life insurance. Term can last for a set amount of time. Permanent can last for your entire life. But which one is right for you? Knowing their differences and benefits can help you find out.

 

                                                    Term                                                       Permanent

What is it for?
  • Temporary coverage from the financial impact of death
  • Lifelong coverage from the financial impact of death
  • Combining coverage with tax-preferred cash value growth
  • Estate planning

 

Who is it for, mainly?
  • Young families and homeowners with a mortgage
  • Business owners
  • Adults with a long-term perspective
  • People who already make full use of registered investment accounts such as RRSP’s and TFSA’s

 

What are the advantages?
  • It’s initially inexpensive, if you’re young
  • You can buy lots of coverage
  • It’s easy to understand
  • Lifetime coverage continues even if your health fails
  • The cost is guaranteed to never go up (with most types of permanent insurance)
  • Later in life, it’s less costly than term insurance
  • It provides tax-preferred cash value growth opportunities for people whose RRSPs and TFSAs are topped up
  • You can cash in or borrow against its accumulated value

 

What are the disadvantages?
  • Coverage is temporary; the protection ends when the term ends (if you don’t renew)
  • The cost goes up if you renew when the term ends (usually after 10, 15, 20 or 30 years)
  • It’s more expensive than term insurance

 

When is it most cost-effective?
  • When you’re young
  • When you need only temporary coverage (e.g., until your mortgage is paid off or children are no longer financially dependent)
  • Later in life
  • When you have built up cash value in the policy
  • When you have a sizable estate to pass along to heirs or charities
  • If you’re in a higher tax bracket

 

Can you convert it to the other type of insurance?  Yes  No
Can it supplement the insurance you have at work?  Yes  Yes
Trends to consider
  • Rising mortgage and consumer debt. You could still be in debt after temporary term life insurance stops being the cheaper option (or even becomes unavailable)
  • Adult children are financially dependent on parents longer than ever, perhaps even after your term policy expires
  • The trend toward increased longevity makes this an increasingly attractive option because coverage is lifelong, not temporary

 

Read the full article below on the sun life website:

Full Article - Sun Life
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