addy’s forthcoming property drop brings with it some new opportunities and a few challenges as we continue to break barriers in Canadian crowdfunding real estate. Located at 874 Sherbrooke St. E. on the edge of downtown Montreal, it’s the first property located in Quebec and as such, the first property offered to residents of Quebec.
We’ve talked a bit about what unlocking Quebec means for addy as well as our current and future French-language members. We want to give all members a chance to assess the opportunity and have a chance to invest if they so choose. Here’s our plan for this exciting drop.
Who can invest in 874 Sherbrooke?
Members residing in the provinces of Ontario, British Columbia, Alberta and Quebec will all be able to invest. The total issuance is $500,000, with members allowed to invest between $1 to $1,500, as usual. However, there will be two separate issuances for two separate groups.
BC, AB and ON Residents Can Invest Jan. 31st 2022
The first investing window will open on Monday, Jan. 31, 2022 at 9:00 am PST (noon EST) for members in British Columbia, Alberta and Ontario. An issuance size of $350,000 will be made available exclusively for these members.
Quebec Residents Can Invest Feb. 4th 2022
The remaining $150,000 issuance will be made available on Friday Feb. 4, 2022 at 9:00 am PST (noon EST) for members residing in Quebec. This sum will only be made available to Quebec members. Prior to the drop on Feb. 4, Quebec residents will have the opportunity to read a French-language version of the Offering Memorandum (OM) in the Due Diligence section of the property listing in their account.
addy in Quebec
We want to thank everyone for their continued patience and support as we start a new chapter in Quebec. While only the OM will be available in both French and English for this drop, we are empathetic to the situation and working hard to assure that more content will be accessible in the future so that all members feel empowered and confident when investing.
Refer friends and family (and coworkers and colleagues)
If you know someone in Quebec (or in any of the other unlocked provinces for that matter), be sure to embrace our referral program to help you both on your respective crowdfunding real estate journeys. For every referral, both parties will receive $25 in addy wallet credit to put towards their investments.
Don’t stop with just one referral, though. While every individual referral will net you both that $25, we’ve some fun incentives along the way. Five referrals earns you a $10 Starbucks gift card, while 25 referrals sets you up with AirPods Pro. If you hit 50 referrals, a rare and highly coveted PlayStation 5 is yours, while a staggering 100 referrals can see a MacBook Pro coming your way. We only have a limited supply of the AirPods, PS5 and MacBook, so be sure to refer early and often!