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 I 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 $2,500 and one RRSP eligible Series A debenture (“Debenture”) of the Debenture Issuer in the principal amount of $10,000.
|Property Name||Location||Asset Type||SF||Purchase Date||Purchase Price||Sale Date||Sale Price||Value +/-|
|Parkway Mall Shopping Centre||Toronto, ON||Retail||287,000||January 2003||$30,000,000||January 2004||$37,800,000||$7,800,000|
|Queensway Business Park||Toronto, ON||Office||332,000||October 2003||$23,000,000||March 2004||$25,600,000||$2,600,000|
|Aggregate SF:||619,000||Aggregate Purchase:||$53,000,000||Total Gross Profit Margin:||$10,400,000|