Chestermere Self-Storage LP – Q3 2021 Update

by on November 9, 2021 with No Comments

Operational Update

In late 2020, StoreWest replaced our existing facility Manager with Bluebird. In addition to leasing up the facility, Bluebird’s main focus has been on bringing up our revenues and financial occupancy. This has been achieved through systematic rent increases as noted below. The net result has been a dramatic increase in monthly revenue.

Financial Update

 

  • As of the end of September, storage is at ~75% occupancy and our RV lots are at 95%+ with waiting lists.
  • Chestermere is fully profitable and phase 1 is nearing full stabilization (85% occupancy)
Summer 2021 appraisal (after expansion) – Colliers $20,140,00 with roughly $7.6M in debt on property
  • Management is currently focused on securing permits, financing, and a reasonable quote for the proposed phase 2 expansion.
  • Phase 2 is expected to add ~28,000 SqFt net rentable and over $700,000 in gross annual revenue potential.

Essential service – no payments deferred or missed during Covid

Alignvest Student Housing – Q3 Management Report

by on October 19, 2021 with No Comments

We are pleased to send you the September 30, 2021 Management Report of Alignvest Student Housing Real Estate Investment Trust (“ASH REIT”).

Q3 2021 included the long-anticipated resumption of in-person classes at Canadian universities, making this arguably the most important period in our short history. We are extremely pleased to see students return to campus and confirm that online classes have not disrupted the traditional in-person teaching model.

In Q3 2021, we experienced robust leasing activity. We have returned to pre-pandemic occupancy with 96% of our beds leased for the 2021/2022 school year, and we are continuing to see additional interest from students who are still making plans to return for January 2022. Importantly, we have achieved this occupancy while also growing our gross and net rent on a year-over-year basis.

We also successfully closed our previously announced acquisition of THEO, a 507-bed property with ~18,000 square feet of retail space, on July 30, 2021. Since closing, renovations were completed to increase the bed count to 528 beds. We were successful in securing attractive financing for this deal and are proud to add this high quality property to our portfolio.

 

Below is the link to our Management Report. Please contact us if you have any questions or need additional information.
Management Report

 

 

THEO, OTTAWA

On July 30, 2021, we closed the acquisition of THEO, a recently renovated, multi-unit student housing building located at 305 Rideau Street in Ottawa, Ontario. The 12-storey building is comprised of 193 units and 528 beds. THEO offers top of the market interior finishes including a premium modern furniture package, stainless steel appliances, quartz countertops and in suite laundry. In addition to the residential space, there is approximately 18,000 square feet of street level retail space with tenants such as Bank of Montreal, PiCo and Dollarama.

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

Northpoint Global Partners Fund – Financial Statements

by on April 1, 2021 with No Comments

 

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

by on February 6, 2021 with No Comments

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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