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Bluebird Self Storage – Investor Update
on August 24, 2020
with No Comments
Alignvest Student Housing – June 30, 2020 – Management Report
on August 18, 2020
with No Comments
We are pleased to send you the June 30, 2020 Management Report of Alignvest Student Housing Real Estate Investment Trust (“ASH REIT”).
Throughout Q2 2020, the uncertainty with respect to COVID-19 has subsided with universities announcing their plans for the Fall 2020 term and our properties continuing to perform strongly. Our revenue collection stands at approximately 95% and our pre-leasing is approaching 90%. With this stability in place, we have shifted our focus on acquisition opportunities.
We recently announced the acquisition of our first property in Western Canada, 1Ten on Whyte in Edmonton, which transforms us into a truly national player in the institutional-grade, purpose-built student accommodation space. We have also re-engaged on several additional attractive acquisition opportunities worth upwards of $500 million.
Below is the link to our Management Report.
June 30, 2020 - Management Report
Pacific Calgary Opportunity Trust II – June 2020 Update
on July 20, 2020
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Alignvest Student Housing – Press Release
on July 20, 2020
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We’re very pleased that the REIT is completing its first acquisition in Western Canada. The University of Alberta is a Top 5 Canadian University and rated amongst the top 100 universities in the world. Should you have any questions or are interested in learning more, please do not hesitate to contact your MFG Portfolio Manager.
Please see the below press release regarding Alignvest Student Housing.
Press ReleaseAdventus 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
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Passive Income Rules
on June 10, 2020
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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 Student Housing – Flash Report #4
on May 28, 2020
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Please see the below Flash Report #4 as provided by the Management team for Alignvest Student Housing.
Meet the Insurance Team
on May 25, 2020
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We are thrilled to highlight our Insurance Team and introduce a new section of our blog to partner with our investment updates. Our inhouse Insurance experts have over 100 years of combined experience in the business. We will be updating periodically with articles and information we believe is important to our clients.
Click here to find out more:
Alignvest Student Housing – Q1 2020 Management Report
on May 20, 2020
with No Comments
We are pleased to highlight the March 31, 2020 Management Report from Alignvest Student Housing Real Estate Investment Trust (“ASH REIT”).
On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. In response, we immediately paused on the multiple acquisitions we were working on and shifted our focus to mitigate the impact of the pandemic to our employees and tenants, and to ASH REIT’s broader business. We are pleased to report that we are on track to collect approximately 95% of April rents, and expect similar outcomes over the summer months.
Recently, the Canadian universities began announcing their plans for September 2020; we have provided an update on what we know and are shifting our operating focus to respond to an expected primarily online environment for the Fall term.
Amidst this uncertainty, we are starting to see some attractive opportunities emerge. With operations largely stabilized, we expect to resume our focus on completing accretive transactions over the coming months and we believe that there will be an opportunity to transact at attractive valuations.
Below is the link to our Management Report. In addition, we will be hosting a conference call to discuss our performance and outlook on Thursday, May 28, 2020 at 2:00 PM EDT – please register for the call using the link below.
Please let us know if you have any questions. Stay safe and take care
Management Report
