Churchill V Real Estate Limited Partnership

Status Completed

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 V 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.

Investment Summary

IRR Calculation

Syndicated 2007

Unit Size $1,250

Total Units 20,449

Total Equity Raised $25,561,250

Date Completed 2017

Properties Acquired 12

Properties Divested 12

Properties Remaining 0

Property Name	Location	Asset Type	SF	Purchase Date	Purchase Price	Sale Date	Sale Price	Value +/-
The Paris Building (Churchill V – 75% interest)	Winnipeg, MB	Office	91,071	September 2007	$8,250,000	April 2010	$9,675,000	$1,425,000
709 – 725 Yates St (50% interest)	Victoria, BC	Retail	26,019	July 2008	$5,590,000	May 2012	$7,600,000	$2,010,000
501 – 505 Bryne Drive	Barrie, ON	Retail	18,506	January 2008	$3,500,000	August 2012	$3,938,000	$438,000
508 & 510 Bryne Drive	Barrie, ON	Retail	16,580	January 2008	$2,700,000	August 2012	$2,980,000	$280,000
512 – 516 Bryne Drive	Barrie, ON	Retail	29,510	January 2008	$4,000,000	August 2012	$4,320,000	$320,000
1390 Kingsway	Sudbury, ON	Retail	9,029	January 2008	$1,700,000	October 2013	$2,050,000	$350,000
43 – 51 Elm Street	Sudbury, ON	Office	38,583	January 2008	$5,000,000	September 2014	$6,590,000	$1,590,000
2140 Regent St	Sudbury, ON	Retail	33,180	January 2008	$3,550,000	September 2015	$4,250,000	$700,000
1895 & 1899 Lasalle Blvd	Sudbury, ON	Retail	30,370	January 2008	$2,250,000	April 2016	$3,650,000	$1,400,000
2141 Lasalle Blvd	Sudbury, ON	Industrial, Retail	17,308	January 2008	$1,600,000	December 2016	$2,100,000	$500,000
236 – 246 Victoria St. North	Kitchener, ON	Office, Other	53,960	July 2008	$8,700,000	February 2017	$11,020,000	$2,320,000
122/124/126 Dell St	Sudbury, ON	Industrial	46,008	January 2008	$4,000,000	April 2017	$6,100,000	$2,100,000
		Aggregate SF:	410,124	Aggregate Purchase:	$50,840,000	Total Gross Profit Margin:		$13,433,000

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