Click the link below to read the full article
Self Storage ArticleSelf Storage Acquisition Activity in 2021
on February 1, 2021
with No Comments
Adventus: January 7th, 2021 Update
on January 11, 2021
with No Comments
Adventus Realty Trust – Q1 2020 Financial Statements and Report to Unitholders
on June 12, 2020
with No Comments
Dear Adventus Investors,
Please see the Report to Unitholders and the Q1 2020 update from Adventus’ management team.
Risk Management
on June 10, 2020
with No Comments
Click to see larger image:
Passive Income Rules
on June 10, 2020
with No Comments
Introduction
In July 2017, Finance Minister Bill Morneau announced potential options for changing the taxation of investment income earned by private corporations. The proposed changes were strongly opposed by many stakeholders and, in October 2017, Minister Morneau announced that changes would be made to the proposed new rules and that draft legislation would be released as part of Budget 2018. The resulting highly anticipated Budget was tabled by Minister Morneau on February 27, 2018. While Budget 2018 has scaled back many of the proposed measures from the July 2017 Consultation Paper, it has moved forward with various amendments to the Income Tax Act1 that will affect small business corporations in Canada. The amendments with respect to passive income earned by a private corporation will still have an adverse effect on small business owners and may affect the way small business owners choose to invest their retained earnings. In particular, the effect of the changes on the small business deduction (“SBD”) will likely leave small business owners seeking tax-efficient options for the investment of corporate retained earnings that will reduce the impact of these changes.
Bill C-74, which contains the legislative provisions to implement the new passive income rules, received Royal Assent
on June 21, 2018
See below for full article:
Alignvest Strategic Partners Fund Quarterly Report
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 – Flash Report
on April 21, 2020
with No Comments
Please find below the most recent update on Alignvest Student Housing. Management wanted to share the latest numbers regarding the lease up for the 2020/2021 school year and the collection of April rents. In summary, we are ahead of where we were last year with respect to leasing for the upcoming school year. Our properties are proving to be highly desirable and some of the feedback received has been that higher quality properties are even more in favour during these times of uncertainty. With respect to April rents, we are tracking to get over 97% of rent cheques. Although lower than usual, it is still far above any amount that would have management concerned about cash flow.
Adventus Realty Trust: Covid-19 Update
on April 15, 2020
with No Comments
Dear Adventus Investors,
Please see the below update from Adventus’ management team. As you will see, they are taking a prudent and conservative approach throughout these unprecedented times and we commend them for doing so. We will continue to engage with management to better understand the challenges they are facing as the COVID-19 situation continues to unfold. We will keep you informed as additional information is provided.
Please see below:
Adventus Update
on February 24, 2020
with No Comments
Please see the below update from Adventus’ Management Team. Some key highlights of the report are:
- 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.
- 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.
StoreWest Chestermere Self-Storage LP
on February 10, 2020
with No Comments
2019 Winter Update
We’re pleased to report that this project has been going very well. The RV and boat storage portion of the business is now at 80% occupancy and the existing storage facility is at 40% occupancy and strongly trending in the right direction. Management went through a process this summer to better understand if expanding the storage facility would add value to the project. As a result of their findings, the decision has been made to significantly expand the facility in 2020. At current levels, the facility is profitable and the future looks exciting. Management has been approached by several groups interested in purchasing the property. The interest has been significant enough that they are planning to officially market the property in Q1 2020 and solicit offers.
We currently have the investment on your accounts valued at book value. It is safe to say that this understates the value of your investment.