The stated mission of Churchill in this investment structure is to provide an opportunity for smaller investors to participate in cash-flowing real estate investments in the same manner that large Institutions and Pension Funds invest. The Churchill team provides investors with an investment vehicle that incorporates a Tax Free Savings Account (TFSA) eligible and an RRSP/RESP eligible component in an extremely tax efficient structure, along with a Limited Partnership Unit, into one investment unit that enables investors to participate and benefit from owning revenue producing investment properties. Churchill 10 Real Estate Limited Partnership is fully subscribed.
Each (“Unit”) is comprised of one limited partnership unit (an “LP Unit”) of the Limited Partnership in the amount of $250 and one RRSP eligible Series A debenture (“Debenture”) of the Debenture Issuer in the principal amount of $1,000.
*Okanagan Lake Shopping Centre is a joint venture project between Churchill – Property Development Group Limited Partnership (50%) and Westbank First Nation (50%). Churchill 10 owns a partial-interest (45%) in Churchill – Property Development Group Limited Partnership.
|Property Name||Location||Asset Type||SF||Purchase Date||Purchase Price||Sale Date||Sale Price||Value +/-|
|Okanagan Lake Shopping Centre (C10 – 22.5% interest)||West Kelowna, BC||Retail||126,933||March 2011||$1,660,613||-||-||-|
|Bristol Circle||Oakville, ON||Office||117,496||December 2010||$17,400,000||August 2012||$20,000,000||$2,600,000|
|Fort Royal Medical Centre (50% interest)||Victoria, BC||Office||35,292||December 2010||$5,350,000||June 2018||$6,500,000||$1,150,000|
|Uptown Business Park||Victoria, BC||Industrial||105,000||December 2010||$8,500,000||-||-||-|
|Aggregate SF:||384,721||Aggregate Purchase:||$32,910,613||Total Gross Profit Margin:||$3,750,000|