Real Estate has always been an essential component to building personal wealth.
It’s tangible, stable and provides long-term growth.
So why isn’t everyone investing in real estate?
Introducing the District REIT…you can build wealth too.
District REIT is only open to investment from qualified investors via our Offering Memorandum, the minimum investment for which is $25,000.
*Limitations regarding annual income or net worth apply
What is a REIT?
Investing in a REIT
Interested in a REIT, but aren’t sure what it is, or how to start? Browse through the panels below, and click ‘learn more’ for helpful pop-ups on each topic.
REIT’s have gained popularity due to the fact that they are unique in structure; allowing investors to receive attractive risk-adjusted returns in a tax-efficient manner. For this reason, REITS are unlike any other investment vehicles available to Canadians.Key REIT Advantages
Why a REIT?
Why a Private REIT?
District Property Trust is a “Private” Real Estate Investment Trust meaning it does not trade on a stock market. The Net Asset Value is based directly upon the market value of the underlying real estate and not subject to the whims and volatility of the market. The Unit Value is expected to be stable and not fluctuate from one period to the next and is expected to grow slowly over time. While the units cannot be redeemed within days, the investment is considered to be a long term holding. It is encouraged that investors consider this factor if purchasing units.More Information
Why District REIT?
Why District REIT?
At District Property Trust, we create maximum value and a very favourable experience for all our clients through the good efforts of our effective management team. Each has a key role to play in the REIT and all are influential in its outcomes. They work diligently to find and acquire the best investment opportunities, to then improve them and optimize the outcomes of the investors.Expert Management
How Do I Qualify?
How Do I Qualify?
This investment is classified as an Exempt Market Product by the securities regulators in Canada. This means that only certain individuals and entities can qualify to participate. Please click on the link for an explanation of how you can qualify.Do I Qualify?
Why Choose Us?
Expert Management By Valour Capital
District’s management team is closely affiliated with the Valour Group and expects to derive substantial benefits from Valour Group’s existing business platform and fully integrated operations. The management team is committed to deliver predictable, tax-efficient cash flow and value enhancement through its strategic execution and prudent risk mitigation strategies.
The real estate team has a proven track record in acquiring, managing and creating value over the last 35+ years. The REIT benefits from Valour’s extensive relationships with industry players to source and finance qualified income properties.
Principals & Board of Trustees
Ms. Campagnaro is founder and President of Pro Funds Mortgages (www.profunds.ca) and several other real estate companies. She has been active in the real estate industry for the past 25 years with expertise in mortgage finance and real estate investment. Ms. Campagnaro has been investing in real estate since the age of 18 and has acquired various multi-residential and commercial investments over the years. Ms. Campagnaro has been providing mortgage finance and advisory services in the residential, multi-residential and commercial real estate sectors to borrowers, and to both private and institutional lenders. Over the last 20 years, Ms. Campagnaro has arranged and coordinated mortgage funding in excess of $1.5 Billion, including commercial properties, multi-residential properties, land, developments, mezzanine financing and construction financing. Ms. Campagnaro’s success can be attributed to her constant drive to assist clients to achieve their financial goals.
Prior Professional Achievements / Experience:
- Licensed Mortgage Agent since 2000.
- Pro Funds (Mortgages) – President and Partner (over past 20 years).
- Acquired various multi-residential and commercial real estate properties representing over 1000 residential units and 500,000 sq. ft. of commercial space.
- Various re-development / re-positioning initiatives on properties owned.
- Established a large and active private mortgage investor pool.
- Speaker for various real estate investment training programs across Canada.
- Authored dozens of articles on Real Estate Investment and Financing.
- Frequent guest on the TV Show “The Everyday Investor”.
- Host of the new TV Show “30 Minutes to Wealth”. This program will be focused on achieving success in real estate.
Mr. Hall is the President of the Valour Group of Companies. The Valour Group consists of various integrated real estate service companies providing services including development, construction, asset management, property management and financial services. Mr. Hall has over 25 years of experience as an asset manager, project manager, development manager, construction manager and real estate advisor. Mr. Hall has managed various commercial and multi-residential projects and portfolios. Mr. Hall has been responsible for a portfolio in excess of 8 Million square feet with asset value in excess of $1 Billion. His expertise includes asset management planning, acquisitions, due diligence reviews, real estate work-outs, property repositioning, valuations, development, financing, property dispositions, leasing and project marketing. Mr. Hall holds a Bachelor’s Degree form York University, is a licensed commercial real estate broker and a Certified Property Manager (CPM®) with REIC/IREM. He is also a licensed mortgage broker acting as the Principal Broker (under FSCO) for Pro Funds Mortgages. One of the core objectives of the Valour Group is to effectively manage risk in the projects undertaken.
Prior Professional Achievements/Experience:
- Cumulative real estate management portfolio in excess of 20 Million sq. ft. including 10,000 residential units.
- Extensive experience on managing/administering construction activity including ongoing life-cycle capital repairs, building renovation, complete building rehabilitation and tenant leasehold improvements.
- Commercial Real estate sales and leasing.
- Numerous acquisitions and dispositions of Office, Industrial and Multi-residential properties.
- Numerous commercial lease negotiations of Office, Industrial and Retail space.
- New home construction and ONHWP (Tarion) registration.
- Sub-division development and conversion projects.
- Due diligence reviews for acquisitions.
- Opinions of Values and Market Studies.
- Consultant on Real Estate Investment and Finance.
- Arranged numerous commercial mortgages.
- Arranged numerous development projects.
Pending and Future Acquisitions
Mixed Used Residential & Commercial
This mixed use commercial and multi-residential building is located in the popular and innovative shopping district of Richmond Row, close to downtown London, Ontario The property sits in the heart of the busy shopping area, is fully leased and consists of 8 residential units and 6 commercial units.
Multi-Family Apartment Buildings
The property consists of 2 multi-family apartment buildings located in the trendy Old South/Wortley Village area in London, Ontario. The 34-Unit residential complex has undergone recent updating including windows, boiler, plumbing, electrical, stainless steel appliances and concrete counters. The area, being just minutes away from the core, was nominated in the “best-neighborhood” category in the Great Places Canada competition. It has a community small-town feel where people walk or bike to the shops, boasting restaurants offering cuisine from around the globe.
3410 South Service Road
Situated in the sought-after office corridor of Burlington, 3410 South Service Road is in a prime location that faces the QEW on the south side and presents excellent signage for its tenants. This 50,000 sqft; 3 level office building sits on a 2.48 acre site and is home to The Valour Group of Companies. This building is fully occupied with 14 tenants and is currently undergoing refurbishments including the completion of a new elevator.
3430 South Service Road
3430 South Service Road is adjacent to the 3410 building in the desirable Burlington office corridor just south of the QEW and west of Walkers Line. This 2-storey office building sits on 1.64 acres of land with parking for 111 cars. The office floor space exceeds 35,000 sqft. This property is also undergoing renovations. including the completion of a new elevator.
301 Westmount Road West
This 1.67 acre site (recently severed from the northern parcel of the VicMount Property) is a redevelopment of the existing site to a four-story building with a Gross Floor Area of approximately 92,699 sqft and will consist of approximately 13,500 sqft of complementary ground floor service/convenience retail and 85 “senior lifestyle themed” residential units on the 3 upper floors. The project will be a welcome addition to the neighborhood and complement District’s VicMount medical plaza.
The property is Phase II of a three-phase development in a desirable location in Milton, Ontario. This is a four-story building with a gross floor area of approximately 80,000 sq. ft. with approximately 14,000 sq.ft of commercial space permitting a variety of retail and office uses on the ground floor, and three stories of residential above containing 75 residential units. Occupancy is scheduled for September of 2018. The project has already seen strong interest in its commercial space as well as residential units despite a rental program commencement date that is still a year away.
The project is Phase III of a three-phase development in a desirable location in Milton. This property is a 3-storey residential apartment building that will consist of 40 units with an overall Gross Floor Area of 32,829 sq.ft. Construction for this project is expected to commence spring 2018 and occupancy is scheduled for spring/summer of 2019.
Forty-seven 3-bedroom and 4-bedroom executive rented townhouses located in a desirable residential community in London, Ontario. Thirty-two units are complete with the balance to be completed to Occupancy Permit by end of January, 2018.
District is a “Private” REIT disconnected from stock market volatility. The Net Asset Value is based directly upon the market value of the underlying real estate and not subject to the whims of the market. The Unit Value is expected to be stable and not fluctuate from one period to the next except that it is expected to grow slowly over time. While the units cannot be redeemed within days, the investment is to be considered long term and encourage investors to consider this factor in purchasing the units.
The REIT’s distributions are tax-deferred to the extent possible, and are primarily classified as Return of Capital (not interest, not dividends, not income, etc.). This means that investors have deferred any taxes until the time that they decide to redeem their units in the future. In some cases, if the REIT sells an existing property and has capital gains to pay on this disposition, this tax flows through to the unitholders, and a portion of the unitholders’ distributions in that year could be classified as Capital Gains. Return of Capital distributions reduce the unitholder’s cost base. This should be tracked and monitored – the REIT provides annual T3 slips each March that outlines the tax breakdown of the distributions. We strongly suggest that an accountant or tax professional should be consulted prior to making an investment, and should be used on an ongoing basis once an investment is made.
The Units of District REIT are being distributed exclusively through Liahona Capital Inc., an Exempt Market Dealer (EMD) licensed to deal in securities. Interested investors will be referred to Liahona to obtain a copy of the Confidential Offering Memorandum and for other details regarding how to qualify and subscribe for REIT Units.
You must be a resident of Ontario, Alberta or British Columbia to qualify; investors residing in another province of Canada should contact us to see if they may qualify.
An Exempt Market Dealer (EMDs) is registered under provincial securities legislation in one or more jurisdictions in Canada to deal in Exempt Market Products (EMPs).
An Exempt Market Product (EMP), also known as Exempt Market Securities, are investment products that are distributed under prospectus exemptions set out in National Instrument 45-106. See Question #5 below for more details.
Since the REIT has prepared a Confidential Offering Memorandum describing District and the REIT Units, any person may be eligible to invest provided that they have been provided with a copy of the Confidential Offering Memorandum at the same time or before the signing of the subscription agreement, and they have signed a risk acknowledgement form. The amount that an investor is permitted to invest may be limited by law depending on the investor’s financial situation.
Interested investors will be referred to Liahona to obtain a copy of the Confidential Offering Memorandum and for other details regarding how to qualify and subscribe for REIT Units.
The Unit price/value is determined from time to time by management of the REIT. A simplified explanation of the valuation process can be described in three steps, beginning with an evaluation of the REIT’s portfolio of assets. Next, the value of the outstanding debt (mortgages) is subtracted—this is the total equity of the REIT. Lastly, the total equity is divided by the number of outstanding Units (currently held by Unitholders): this is the Unit value.
Distributions are funded from the rental income that is generated from the properties within the REIT portfolio.
The REITs’ distributions are paid monthly and are deposited directly into the investor’s bank account, unless he or she is enrolled in the DRIP (see Question #10 for an explanation of the DRIP).
The “DRIP”, or Distribution Re-Investment Plan, allows an investor to automatically re-invest his or her monthly distribution to purchase additional Units. As an alternative to the DRIP, the investor may receive monthly distributions directly into his or her bank account via EFT (electronic funds transfer).
Yes, the units of the REIT are eligible to accept registered investments, including RRSPs, RRIFs, and Tax-Free Savings Accounts (TFSAs). Registered Plans will be available through Community Trust, Computershare and Olympia Trust.
12. What is the process to sell or redeem REIT Units? Are there any minimum hold periods or penalties/fees to redeem?
The Units are redeemable on demand without any redemption fees or penalties. The Trustees have the ability to suspend redemption if the REIT receives redemption requests totaling more than $50,000 per calendar month The REIT’s intention is to accommodate redemption requests in the ordinary course.
The units of the REIT are not listed on any stock market, and so there is no ability for the investor to sell the investment to another person through the stock market.
No. There are no fees charged directly to the client to set up or manage a cash investment account. The REIT will pay Liahona Capital a fee of 1.5% of capital raised to compensate Liahona for acting as EMD for the sale of the REIT Units. Investors choosing to invest through an RRSP, TFSA or other registered account may be charged fees by the registered account provider.
Investors can expect to review a Confidential Offering Memorandum prior to making their investment, and to receive quarterly unaudited reports, as well as an audited Annual Report distributed prior to the REIT’s Annual General Meeting.