The concept of an investment into a REDEV project is
both simple and uncomplicated.
When a project is released by REDEV REDEV is the primary
investor.
As new equity partners (investors) buy into the project
they become part owners of the project as a result of
the purchase of shares from REDEV's own share holdings.
REDEV always remain invested in the project themselves
in order to benefit in the same way of new equity
partners.
The tenants of the projects pay their contractual lease
payments to the property managers.
The
property managers in turn assume responsibility to pay
both the mortgage payments of the property and the
accountancy fees and expenses.
The third party accountants distribute bi-annually the
residue income streams from the tenants.
At the end of the 5 year period after the mortgage has
been reduced the project is either refinanced or sold to
realise the capital gain which is in turn re-distributed
to the equity partners.
The tenants remain in situ continuing to fund their
leases and the process is repeated whilst rent revisions
continue and property values increase over the next 5
year period.
Since 2001 years we have taken equity partners in the following existing properties:
- 5170 Dixie Road, Mississauga, Ontario
- Castleridge Plaza 1, Calgary, Alberta
- Castleridge Plaza 2, Calgary, Alberta
- Northmount Village, Calgary, Alberta
- Newport Village, Calgary, Alberta
- Shawnee Station, Calgary, Alberta
- MacEwan Shopping Centre, Calgary, Alberta
- Bower Plaza, Red Deer, Alberta
- Trail South Corner, Edmonton, Alberta
- 105th St. Government Bldg, Edmonton, Alberta
- Inglewood Towne Centre, St. Albert, Alberta
- Sturgeon Plaza, St. Albert, Alberta
- Broadview Plaza, Sherwood Park, Alberta
- Parkdale Shopping Plaza, Edmonton, Alberta
- Whitemud Shopping Center, Edmonton, Alberta
- Leduc Town Square, Leduc, Alberta
- Nottingham, Sherwood Park, Alberta
- Parsons Place, Edmonton, Alberta
- Century Plaza, Calgary, Alberta
- Rockwood Plaza, Calgary, Alberta
- Ranchlands Village Plaza, Alberta
- Belmont Town Centre, Edmonton, Alberta
- Imperial Square, Guelph, Ontario
- Bella Vista, Windsor, Ontario
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REDEV offers and exits
In
addition to 6 to 10% p.a. cash flow paid direct to all partners from
the third-party professionally insured chartered account trustee, we
receive offers from buyers who wish to purchase our commercial
properties.
The following were of significant value to proceed to resale:
Northmount Village – Equity partners voted and accepted 27% p.a. after tax average return over 2.5 years.
Bower Plaza
– Equity partners turned down 25% p.a. after tax (after only 2 years).
Elected to retain the plaza, as local partners expect continued
appreciation. Buyers have now approached our partners with a higher
offer of 28% p.a. after tax.
Castleridge Plaza 1 – Equity partners voted and accepted over 40% p.a. after tax over 4 years.
Several other plazas are now in the process of negotiation, after which offers will be presented to partners for their approval.
Several plazas continue to be enhanced before negotiations take place, increasing their value at no expense to the partners, i.e. additional pre-lease space being added.
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Projects completed
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Multi-family units and retail plazas |
British Columbia:
The Rosedale, Ashley Gate, Birdland Estates, The Mackenzie |
Manitoba:
Terraces of Tuxedo, Treetop Village, Eagle Ridge & Owl Ridge, Winnipeg Towers, Osborne on the Red, Logan Plaza, St. Mary's Plaza, Lakecrest Village, Celebrity Place, Plaza Drive Village Phase 1 & 2, The Polo Club, Denman Place |
Saskatchewan:
Discovery Plaza, Buena Vista Falcon Ridge Tudor Place |
Ontario:
Burlington Townhouses, Scarborough High Rise, Pilgrims Way, East Side Towers, St. Joseph Site, Chelsea Brampton Towers, Glen Abbey Village |
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