The stated mission of Churchill in this investment structure is to provide an opportunity for smaller investors to participate in cashflowing 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 11 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.
|Property Name||Location||Asset Type||SF||Purchase Date||Purchase Price||Sale Date||Sale Price||Value +/-|
|8205 Dallas Drive (Churchill 11 – 35% interest)||Kamloops, BC||Industrial||142,396||October 2011||$6,160,000||August 2015||$6,895,000||$735,000|
|Iron City Square||Penticton, BC||Other||33,565||December 2011||$1,900,000||-||-||-|
|Ranch Market (98.3% interest)||Strathmore, AB||Retail||97,126||December 2011||$27,100,000||-||-||-|
|Spire Business Centre||Langley, BC||Industrial||44,963||$4,875,000||October 2014||$6,600,000||$1,725,000|
|Aggregate SF:||318,050||Aggregate Purchase:||$40,035,000||Total Gross Profit Margin:||$2,460,000|