We Capitilize On Low Interest Rates Again with $8.5 Million Dollar Purchase in Abbotsford B.C.
We have completed the acquisition of a 108-suite apartment building in Abbotsford, from TransGlobe, with a CMHC insured mortgage at a record low interest rate of only 3.5%.
This benefits the cash-flow in our impressive portfolio of revenue-generating rental properties which now exceeds 1,250 units, $90 million in asset value and over $45 million in equity in Western Canada and the U.S.
Once again, this low-rate CMHC-insured financing exemplifies the strength of our investment business model. In good times or bad, the appraised value remains high for apartment buildings. Meanwhile, they continue to produce cash flow for our investors.
This Abbotsford purchase should do particularly well for us since it has significant size and was purchased with exceptional terms.
To read the press release, click here.
Our Wetaskiwin Property Refinanced To Take Advantage Of Record Low Interest Rates
We've been doing so well with this property that we decided to issue a press release when we recently refinanced it-- a good news story amid all the economic doom and gloom in the news these days.
This low-rate CMHC-insured refinancing exemplifies the strength of our investment business model. In good times or bad, the appraised value remains high for renovated apartment buildings and rental properties like this one in Alberta. Meanwhile, they continue to produce cash flow for our investors, and over time they offer great potential for significant equity appreciation.
To read the entire press release, click here.
Recent Investment Price Increase Reflects Increases In The Values Of Our Assets
The PRISM A LP Unit Price increased by 5% on Tuesday, December 16th from $5000/unit to $5250/unit due to a substantial increase in values of all four assets we have acquired over the past year.
PRISM A LP may be ideally suited for your RRSP or cash investment needs. We have raised over $11,000,000 into PRISM A LP as of June 2009, from over 220 investors. Don't miss this opportunity to get in before the unit prices increase. Please take the time to contact Scotty or Travis at 877-434-4345 for more information.
For additional details on the PRISM A LP investment, please take a look at our investment opportunities page.
Your money sitting in a 1% money market fund is safe, but with a guaranteed inflation of 5 or 6% it will erode over time. Hence, investing with us in hard assets with inflation-protected income, low volatility and high-demand may be the right choice for you!
Phase 2 Sales Continue (Phase 1 is 95% sold out)
Kensington Manor is a hot property in Camrose Alberta, and we are currently selling individual units to investors who want to become "landlords without the hassles."
It took only days for most of the 42 units in Phase 1 to go to be snapped up by investors, and now in Phase 2, we've released an equal number of units in the sister building.
Kensington Manor is located in the City of Camrose, 50 miles southeast of Edmonton in the Edmonton-Calgary corridor known as the Alberta economic “tiger”. Camrose has consistently shown an annual population growth rate of 2.3% and was ranked the number one city in Canada for growth companies in an article published in Profit magazine.
Find out more at the Kensington Manor website.
