Alignvest Student Housing – Q1 2021 Management Report

by on April 30, 2021 with No Comments

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

by on April 1, 2021 with No Comments

 

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

Alignvest Strategic Partners Fund Quarterly Report

by on May 20, 2020 with No Comments

 

We are pleased to highlight the first quarter 2020 report for Alignvest Strategic Partners Fund. The Q1 update discusses performance over the past quarter and their thoughts going forward. As referenced, the estimate for April 2020 performance is 5.3% bringing the year-to-date performance of the Fund to -8.6%.

Additional information on the Alignvest Strategic Partners Fund can also be found on their website.

 

Q1 2020 ASPF Report

 

Alignvest Student Housing – Q4 2019 Management Report

by on March 27, 2020 with No Comments

DECEMBER 31, 2019 – MANAGEMENT REPORT

 

Please see the attached for the December 31, 2019 Management Report of Alignvest Student Housing Real Estate Investment Trust (“ASH REIT”). As of December 31, 2019, we have acquired seven of Canada’s premier purpose-built student accommodation (“PBSA”) properties and have over 3,300 beds valued at ~$400 million in four university markets.

 

We are excited about the progress we have made over the past 18 months, raising substantial amounts of equity capital and investing it into attractive tier-1 PBSA assets, which has allowed us to become the largest owner/operator of student housing properties serving Canadian universities. Our focus on integrating the local properties into a single operating platform and driving operational performance has resulted in year-over-year same property NOI growth of ~12% and we are forecasting a further ~9% increase in 2020 relative to 2019.

 

We are now poised to return to market and acquire additional high-quality assets at attractive prices to further expand our portfolio.

Below is the link to our Management Report.

 

Report

 

COVID-19 Update from MFG

by on March 17, 2020 with No Comments

 

March 17, 2020

 

Dear clients and friends of MFG,

We are carefully monitoring the current novel coronavirus (COVID-19) outbreak. We must take appropriate actions to limit the impact of the virus on our community, particularly by focusing on the safety of our clients, employees and their families.

We have instituted our business continuity plan with a view to proactively anticipate and respond to any potential for business interruption, including restricted business travel, work from home protocols where appropriate, and encouraging the use of video and teleconference for interactions. We are also implementing social distancing measures that will also help reduce the spread of infectious diseases, such as reducing face to face meetings and ensuring our employees can work from home as required so we have a healthy workforce able to maintain our high standard of service. The same applies to our operational specialists who maintain the integrity of our systems and processes. Equally important, we maintain strong safeguards on information and identity.

We want to ensure that there are no interruptions or delays in contacting any of our MFG team members. Please find below our mobile #’s:

 

 Mark Meckelborg (306) 270-2221
 Mark Teal (306) 251-2429
 Benoit Gaudet (306) 229-1883
 Mindy Meckelborg (306) 380-4780
 Richie Stanviloff (306) 341-2814
 Zach Sim (306) 361-5228

 

Trade instructions will not be accepted via email or text, therefore please ensure you contact us by phone to verbally confirm your order.

Should there be further developments with COVID-19 that prevent access to our physical premises or disruptions with mail delivery by Canada Post, courier or messenger services, this may impact our ability to receive physical cheques. As a reminder, you can set up an “electronic bill payments” with your applicable banking institution should you wish to make an online deposit.

While the COVID-19 situation is ongoing, we are increasingly aware of its impact on both the global and local markets in which our clients operate. Our efforts will ensure that we are able to provide the highest level of client service while positioning ourselves to take advantage of the market opportunities that lie ahead.

 

We wish you all health and safety throughout the coming weeks.

The MFG Team

 

 

MFG – covid letter – March 17, 2020

Adventus Update

by on February 24, 2020 with No Comments

Please see the below update from Adventus’ Management Team. Some key highlights of the report are:

  1. A new acquisition has been announced in Dallas, Texas. This is important as it brings a third major market into the portfolio and would also have the REIT achieve an asset value of over US$1 billion. Over the last couple of years, Management has indicated that the US$1 billion mark would be important for a solid exit.
  2. Adventus also announced a major lease renewal signed with one of the REIT’s largest tenants, US Foods. They highlight that this renewal will be very positive for the value of Adventus units over the coming 12 months.

 

In summary, this is welcome news as these are two very positive step for Adventus and the unitholders.

 

2020.02.05 – Adventus Realty Trust Business Updates

StoreWest Dufferin LP Update

by on February 4, 2020 with No Comments

We have been very encouraged by the operating results from the newly opened car/truck wash. The business model is very stable with the majority of revenue coming from car wash monthly memberships (currently over 500 with a goal to get to 1,500-2,000); and fleet contracts for trucks (currently 40 fleet contracts and the demand has been so high that they have to be very selective not to overload the system). The car and truck wash is looking like it is going to be very successful. On this site, we also have a self-storage facility that is under construction. They plan to be open for business in 2020. This site is going to be marketed, along with their Chestermere project, as there has been strong interest in purchasing the property even prior to construction being completed. There is currently a lot of money in Canada being invested in self storage, therefore we could end up selling the storage business in 2020. This would result in large distributions to unitholders while still having a profitable car/truck wash paying healthy dividends to shareholders.

Please click below to view Management’s Report
Dufferin 2019 H2 Update

 

 

 

5 Reasons for an RRSP

by on January 30, 2020 with No Comments

There are some great reasons to open a Registered Retirement Savings Plan (RRSP) to save for your retirement. Here are the top 5 reasons to open an RRSP:

 

Contributions are tax deductible

You can claim your RRSP contribution as a deduction on your tax return and even carry forward unused space to a future year where you may have a higher income. All of this combined means that your retirement savings pot can grow even faster.

 

Savings grow tax free

You won’t pay any tax on investment earnings as long as they stay in your RRSP. This tax-free compounding allows your savings to grow faster.

 

Convert RRSP to receive regular payments

You are able to convert the money saved in your RRSP into a RRIF or annuity when your time comes to retire. You’ll pay tax on the regular payments you receive each year- but if you’re in a lower tax bracket in retirement, you’ll pay less tax.

 

Spousal RRSP can reduce your combined tax

Reduce your combined tax burden. If you are married and you earn more money that your spouse, a spousal RRSP may benefit you as you can add to their tax-free savings to build a joint retirement income which is likely to mean that you pay less tax in the long run.

 

Borrow from RRSP to buy your first home or pay for your education

You can borrow money from your RRSP under certain conditions

 

If you want to buy your first home (Home Buyer’s Plan) or pay for your education (Lifelong Learning Plan), you can take out up to $35,000 (HBP) or $20,000 (LLP) respectively from your RRSP to fund it without paying tax on the withdrawals (providing that the money is paid back within the specified time).

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