Buffalo Run Car Wash Update

by on March 17, 2023 with No Comments

We are pleased to report to our Investors with this summary of our Great
White Car Wash Assets, including our existing facilities, the projects that
are currently under development, and those in the development pipeline.

As car wash developers/owners and operators, we continue to drive value for
our Investors through state-of-the-art facility development on ‘triple-A’ retail
locations. Our ‘Shark Club’ Membership model continues to grow a devoted
customer base, which provides inherent value in predictable and re-occurring
income. Operationally, superior chemical sourcing and modern titration technology
have allowed Great White to significantly lower our chemical costs while
improving our product offering, to a level we feel is ‘best in class’.

Please click below to read the full report:

Buffalo Run Car Wash – 2023 Q1 Report

Mahogany Car Wash Update

by on March 17, 2023 with No Comments

We are pleased to report to our Investors with this summary of our Great
White Car Wash Assets, including our existing facilities, the projects that
are currently under development, and those in the development pipeline.
As car wash developers/owners and operators, we continue to drive value for
our Investors through state-of-the-art facility development on ‘triple-A’ retail
locations. Our ‘Shark Club’ Membership model continues to grow a devoted
customer base, which provides inherent value in predictable and re-occurring
income. Operationally, superior chemical sourcing and modern titration technology
have allowed Great White to significantly lower our chemical costs while
improving our product offering, to a level we feel is ‘best in class’.

 

Please click below to read the full report:

Mahogany Car Wash – 2023 Q1 Report

Mahogany Self-Storage Update

by on March 17, 2023 with No Comments

We are pleased to report to our Investors with this summary of the Bluebird Storage
facilities that are currently in operation, as well as the two facilities that are
currently in the construction phase. The deal pipeline currently holds several more
facilities and development locations, including Class ‘A’ opportunities in the interior
of British Columbia, Saskatchewan, Manitoba and Ontario (Greater Toronto Area).

Please click the below link to read the full report:

Mahogany – 2023 Q1 Report

Buffalo Run Self-Storage Update

by on March 17, 2023 with No Comments

We are pleased to report to our Investors with this summary of the Bluebird Storage
facilities that are currently in operation, as well as the two facilities that are
currently in the construction phase. The deal pipeline currently holds several more
facilities and development locations, including Class ‘A’ opportunities in the interior
of British Columbia, Saskatchewan, Manitoba and Ontario (Greater Toronto Area).

Please click the below link to read the full report:

Buffalo Run – 2023 Q1 Report

Wright-Parkway Self-Storage Update

by on March 17, 2023 with No Comments

We are pleased to report to our Investors with this summary of the Bluebird Storage
facilities that are currently in operation, as well as the two facilities that are
currently in the construction phase. The deal pipeline currently holds several more
facilities and development locations, including Class ‘A’ opportunities in the interior
of British Columbia, Saskatchewan, Manitoba and Ontario (Greater Toronto Area).

Please click the below link to read the full report:

Wright-Parkway – 2023 Q1 Report

Henri-Bourassa Self-Storage Update

by on March 17, 2023 with No Comments

We are pleased to report to our Investors with this summary of the Bluebird Storage
facilities that are currently in operation, as well as the two facilities that are
currently in the construction phase. The deal pipeline currently holds several more
facilities and development locations, including Class ‘A’ opportunities in the interior
of British Columbia, Saskatchewan, Manitoba and Ontario (Greater Toronto Area).

Please click on the below link for the full report:

Henri-Bourassa – 2023 Q1 Report

Dufferin Self-Storage Update

by on March 17, 2023 with No Comments

We are pleased to report to our Investors with this summary of the Bluebird Storage
facilities that are currently in operation, as well as the two facilities that are
currently in the construction phase. The deal pipeline currently holds several more
facilities and development locations, including Class ‘A’ opportunities in the interior
of British Columbia, Saskatchewan, Manitoba and Ontario (Greater Toronto Area).

Please click the below link for the full report:

Dufferin – 2023 Q1 Report

Chestermere Self-Storage Update

by on March 17, 2023 with No Comments

We are pleased to report to our Investors with this summary of the Bluebird Storage
facilities that are currently in operation, as well as the two facilities that are
currently in the construction phase. The deal pipeline currently holds several more
facilities and development locations, including Class ‘A’ opportunities in the interior
of British Columbia, Saskatchewan, Manitoba and Ontario (Greater Toronto Area).

 

Please click on the below link for the full report:

Chestermere – 2023 Q1 Report

Alignvest Student Housing Management Report

by on February 9, 2023 with No Comments

We are pleased to send you Alignvest Student Housing Real Estate Investment Trust’s Q4 2022 Management Report.

Our fair market value remains stable due to our strong operating performance and forecasted NOI growth in 2023. Demand for high-quality student housing continues to outpace supply, which has translated into upward pressure on rental rates and resulted in low vacancy rates (99.6% occupancy as at December 31, 2022). Our current pre-leasing velocity is providing confidence that the 2023/2024 academic year will follow similar trends; we are budgeting 2023 NOI at ~8% higher than 2022 on a same-property basis. We are pleased to report that we are already over 60% pre-leased at our privately-managed properties for September 2023 (over 20% ahead last year at the same time).

We are pleased to have delivered a 10.5% annualized net return since inception, with limited volatility. Our annualized distribution yield is 4.9% as at December 2022, equivalent to approximately a 10% pre-tax equivalent yield as it is delivered as a tax-efficient return of capital. We believe our REIT will continue to perform well in 2023 given our market leading position and our strong business fundamentals.

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

Management Report

 

SEE-MORE, HALIFAX

We acquired 1400 Seymour Street in Halifax, Nova Scotia in January 2023 for $90 million. See-More is a 6-storey, newly constructed (2022) student housing facility located steps away from Dalhousie University. See-More has 141 fully furnished units, including bachelors, 3-bedroom, 4-bedroom and 5-bedroom suites.  Additionally, See-More features several student-oriented amenities, including a yoga and wellness studio, games room, on-site laundry facilities, social rooms, common study areas and an underground parking garage.

Alignvest Student Housing – Announcement

by on January 30, 2023 with No Comments

ALIGNVEST STUDENT HOUSING ACQUIRES HIGH-QUALITY STUDENT HOUSING ASSET IN HALIFAX, NOVA SCOTIA

 

We are pleased to announce that Alignvest Student Housing Real Estate Investment Trust (“ASH REIT”) has completed the acquisition of a purpose-built student accommodation (“PBSA”) asset known as See-More, located at 1402-1424 Seymour Street in Halifax, Nova Scotia.

See-More is a six-floor, newly constructed student housing facility located steps away from Dalhousie University. See-More is one of only a few purpose-built student housing properties serving Dalhousie University and is 100% leased for the 2022/23 academic year.

See-More is equipped with 491 beds in 141 fully furnished units, including studios, three-, four- and five-bedroom suites, which provides a wide variety of configurations for potential tenants. Additionally, See-More features several student-oriented amenities, including a yoga and wellness studio, games room, on-site laundry facilities, social rooms, common study areas and an underground parking garage.

This strategic acquisition further diversifies ASH REIT’s portfolio and solidifies the REIT’s position as the leading owner and operator of Canadian PBSA. With this acquisition, ASH REIT owns in excess of 5,200 student housing beds across Canada. Further, this acquisition marks ASH REIT’s entry into Atlantic Canada, which is home to several universities and colleges in need of housing for their students. We look forward to further growth in the Maritimes.

Below is the link to the press release announcing the acquisition.

Press Release Announcement

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