Cambridge Grand Condominiums

Status Completed

Cambridge Grand Condominiums was a condominium conversion project undertaken in the city of Cambridge in southern Ontario. Constructed in 1991, this 169-unit rental property was acquired in 2000, refurbished, and converted to condominiums for sale to separate-title owners and is one of several significant historical investments the principals of Churchill acquired and/or developed acting in an independent capacity.

Syndicated 1999

Unit Size $0

Total Units 0

Total Equity Raised $12,250,000

Date Completed 2001

Properties Acquired 1

Properties Divested 1

Properties Remaining 0

Property Name	Location	Asset Type	SF	Purchase Date	Purchase Price	Sale Date	Sale Price	Value +/-
Cambridge Grand Condominiums	Cambridge, ON	Multifamily	-	March 2000	$12,250,000	November 2001	$16,500,000	$4,250,000
		Aggregate SF:	0	Aggregate Purchase:	$12,250,000	Total Gross Profit Margin:		$4,250,000

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