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 II 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 +/-|
|The Churchill Building||Vancouver, BC||Office||70,000||December 2004||$11,190,000||April 2006||$15,000,000||$3,810,000|
|Penticton Power Centre||Penticton, BC||Retail||176,094||December 2004||$18,500,000||May 2006||$29,750,000||$11,250,000|
|Royal Windsor Industrial (Churchill II – 75% interest)||Mississauga, ON||Industrial||203,618||April 2005||$9,187,500||November 2007||$11,070,000||$1,882,500|
|Aggregate SF:||449,712||Aggregate Purchase:||$38,877,500||Total Gross Profit Margin:||$16,942,500|