One of our most recent acquisitions for Kings Castle LP was the 71-Unit Castle Harbour Property in Edmonton. This property is not only in a great neighbourhood close to a lake but will also benefit from the soon to be completed Anthony Henday ring road. A second example is our acquisition in late 2010 in […]
Baby Boomers Struggle to Retire in the ‘Financial Repression Decade’
Feeble returns for baby boomers seeking income are extremely low on the safest investments such as bank deposits and fixed-income securities. The current low interest rate environment represents a “financial repression” transferring money from savers to borrowers, such as real estate investors. Unlike these “classic investments”, did you know real estate is a great alternative […]
Fireside and Prestigious Properties Bring Home Honourable Awards
We are extremely pleased to announce that Fireside Property Management was the winner of two prestigious awards from the Calgary Residential Apartment Association, namely resident manager of the year and lifetime achievement award. Fireside Property Management was specifically created, in 2005, to manage much of the Prestigious Properties portfolio in addition to now third party […]
Heads Up – We’ve Launched a New RRSP/TFSA Investment Opportunity!
Are you looking for regular CASH FLOW in your RSP, TFSA, LIRA, or RESP? On June 4th 2014, Prestigious Properties launched our new investment vehicle, Kings Castle RRSP V. Now you can own apartment buildings in booming Alberta with as little as $10,000 AND benefit from regular cash flow distributions. More details on the assets […]
New Pipeline Could Bring More Economic Opportunities for Alberta
The federal government’s conditional approval of the Enbridge Northern Gateway brings us one step closer to further underpinning the strong long term economic fundamentals that support Alberta as a superior real estate investment market. Read more
Your Investing Rights Will be Compromised!
We want to thank everyone who has already participated in our email/letter campaign against the CSA/OSC proposals for investor limits. Over 500 letters have already been submitted, but we can do better! This proposed change would be detrimental to the integrity of Exempt Market, and limit investor choice and freedoms. If you have not yet had the […]
Property Biz Canada: Prestigious, Mainstreet bolster potential in target markets
Property Biz Canada recently featured our latest Press Release in their May 24th issue! “Prestigious Properties’ $10.3 million sale of a 108-unit Abbotsford, B.C., multi-family property to Mainstreet Equity Corp. will allow both companies to pursue interests in specific markets.” Click Here to view the full article!
Press Release: Prestigious Properties May 20, 2014
Prestigious Properties Sells 108 Unit Multifamily Property in Abbotsford, BC for $10.3M to Mainstreet Equity Corp CANMORE, AB – May 20th, 2014 – Prestigious Properties has completed the sale of its 108 unit apartment building complex in Abbotsford, BC to Mainstreet Equity Corp. (“Mainstreet”) (TSX: MEQ) of Calgary, AB for $10.3M. The property […]
Nine Steps To Invest Successfully in Real Estate Syndicates, LPs or private REITs
There are two ways to invest your money in real estate: you do it yourself, or you do it with others. Besides public market REITs with their often volatile ups and downs like any stock, private syndications in the so-called “exempt market” are becoming quite popular. Syndicating a large piece of real estate i.e. pooling […]
Press Release: Prestigious Properties Closes One of the Largest Edmonton Multi-Family Acquisitions of 2013
Prestigious Properties Closes One of the Largest Edmonton Multi-Family Acquisitions of 2013 CANMORE, AB – October 10, 2013 /CNW/ – In one of the largest Edmonton multi-family transactions of 2013, Prestigious Properties (“Prestigious”) has completed the acquisition of a 71 unit apartment building for $10.65M. This acquisition will benefit Prestigious’ cash-flow in an expanding portfolio […]