Equity partnership

investment OPPORTUNITY IN SainT JOHN, New Brunswick

Introducing Equity Partnership Opportunity in Saint John NB a promising investment opportunity nestled in the heart of Saint John, New Brunswick. This well-positioned 12-unit building is located in a desirable B+ neighborhood, offering a combination of convenience, accessibility, and growth potential.

With a prime location in close proximity to two existing properties, we are intimately familiar with the area and recognize the numerous advantages it presents. Saint John, as a bustling economic hub, provides a thriving business environment supported by diverse industries, including shipping, manufacturing, and technology.

Investing in this opportunity means tapping into the city's ongoing urban revitalization, which has enhanced its charm and attractiveness. The rich cultural scene, numerous galleries, museums, and theaters, contribute to a vibrant lifestyle for both residents and visitors.

Seize the potential offered and become a part of Saint John's thriving community. Contact us today to explore the possibilities, where success and growth converge in an ideal setting.

Location:
Proximity Paradise!

Benefits of Owning Rental Property near a Large Shopping Center:

  • High Demand: Attracts a large pool of tenants seeking convenience and easy access to amenities.

  • Increased Rental Income: Commands higher rental rates, leading to greater income potential.

  • Lower Vacancy Rates: Desirable location reduces vacancies, ensuring consistent rental cash flow.

  • Strong Resale Value: Properties near shopping centers hold value well and may appreciate over time.

  • Tenant Convenience: Access to a variety of amenities within walking distance.

  • Diversified Tenant Base: Appeals to professionals, students, families, and retirees.

  • Abundant Amenities: Grocery stores, fitness centers, restaurants, and more.

  • Market Stability: Shopping centers contribute to the overall stability of the real estate market.


We’re taking over the neighborhood!!

The benefits of owning properties close together include, and are not limited to:

  • Enhanced Area Knowledge: Familiarity with the locality, tenant profiles, and vacancy rates based on existing properties.

  • Westmorland Development Project: Active construction of 60 purpose-built rental units, expanding our presence in the area.

  • Streamlined Maintenance and Property Management: Close proximity enables efficient oversight and prompt response to issues.

By owning multiple properties in close proximity, we gain a deeper understanding
of the area, contribute to local development, and optimize maintenance and management processes.

A RARE AND UNIQUE INVESTMENT OPPORTUNITY

  • SUMMARY & STRATEGY

    The business plan involves implementing proven strategic renovations.

    The projection is to increase building valuation in a 12 month period.

    Risk Management: Great Purchase, Proven Renovations, In-House Construction & Management, Purchase Plus Lending, Local Expertise, Multiple MLI Refinances.

    Interior & Exterior Upgrades:
    We plan to complete a range of interior upgrades to all 12 units. The scope of work will include: exclusion of utilities, update plumbing and electrical, adding mini-split AC units, new kitchens, bathrooms, flooring, and new in-suite laundry.

    Exterior upgrades will include adding balconies.

    Increase Rents to Market Value:
    Current owners are operating with rents at 50% below current market value.

    INVESTOR PACKAGE

  • STRUCTURE

    Shareholders Corporate Structure. This means you’ll be an equity owner!

    • Financial Partners own 50% of all Shares

    • Managing Partners own 50% of all Shares

    Projected Returns:

    • Financial Partners will receive 100% cash flow distributions until all original investment has been repaid.

    • Term & Exit: 5-year term with 12 month refinance.

    • Our Optimized Revenue Projects a Cash-on-Cash Return:

    √ 6.15% Casfhlow

    √ 50%-100% Capital Repayment at Refinance

    √ Refinance 12 month term

    Closing Date: August 31, 2023

    For complete financials schedule a call today!

    VIEW NUMBERS HERE

  • THE MARKET

    If you ever had the pleasure to visit Saint John NB, you would be familiar with their popular saying "We Are Saint Awesome" and they have earned that name. With their high tourist attraction rates, bringing in close to a hundred cruise ships in the summer season; people from all around the world love the stunningly historic city, gorgeous outdoor activities, amazing restaurants and local bars, shops, and city events (ex, art gallery hops). It is no surprise why the Fundy Quay development is coming in hot to Saint John!

    The Saint John Local Immigration Partnership (SJLIP), has received Council approval for a new immigration strategy that aims to attract, welcome and retain more newcomers to the community.

    The Succeed and Stay Immigration Strategy aims to attract 12,000 newcomers to the city over the next 10 years by promoting the Saint John region as the destination of choice for newcomers.

    BOOK A CALL

GALLERY OF PREVIOUS PROJECTS

  • 1 BED LOWER UNIT

  • 24 UNITS

  • CONVERTED LOWER UNIT

  • 6 UNITS VALUE ADD

  • 2 BED UNIT

  • DEVELOPMENT

  • 52 UNITS PORTFOLIO

  • CONVERTED ATTIC

  • BRAND NEW KITCHEN

  • RENOVATED BATHROOM

fUNDY qUAY dEVELOPMENT

The Fundy Quay project is a $300 million revitalization project taking place in Saint John’s key waterfront development site.

The multi-phase mixed-use development by Fundy Harbour Group will include five buildings having a total floor area of 69,700 square meters. At full build out, this project will add 677 top-tier dwelling units and over 400 internal parking spaces.

The ground floor of each building will be commercial/retail space in order to bring a vibrant tenant and public experience to the site.

The mix of uses will bring additional residential density to the Central Peninsula and will bring additional animation to the waterfront on a 24/7 basis through increased activity and public space improvements including an extension of Harbour Passage, publicly accessible open space, and through leveraging improvements to the adjacent market slip public space.

WHO WE ARE

ACE PROPERTIES in partnership with SUNOVO INVESTMENTS currently operate 130+ MultiFamily units under management in the Province of New Brunswick, a majority of which are located in Saint John. We see the incredible value and opportunity in the Eastern Provinces. With our operations team located in Saint John, NB, we have scaled our business to full-service Asset Management Company.

  • In depth knowledge of the market & relationships

  • In-house Property Management. Meet our Team at Pink Penguin: https://pinkpenguinpropertymanagement.com/ 160+ UNITS UNDER MANAGEMENT

  • In-house construction team and partnerships

  • Extensive Experience in Construction and Project Management

  • Successful and Proven Repositioning Model

We also believe in giving back to the communities we operate in through offering quality housing, improving and repositioning value-add portfolios and implementing a variety of programs to give back to the community such as:

  • Rent Free Christmas Program

  • Donations in support of local housing initiatives

  1. Schedule a call with our team.

  2. Request a Letter of Commitment (click here) to hold your investment option.

NEXT STEPS

Disclaimer: All Investment Options encounter a risk of loss and due diligence is encouraged. In accordance with applicable securities law, this document contains information about the future (collectively, forward-looking information and statements) and a financial outlook at the time of publication. Statements of future expectations and financial outlook are based on our current expectations and assumptions as of the date of the statements, and are subject to known and unknown risks, uncertainties and other factors.