Early Dividend Date announced for Altadore Townhomes

Early Dividend Date Announced

We have some very exciting news to announce today 🎉. The Issuer of Altadore Townhomes has declared an early dividend.

What does this mean for you? Simply, that if you are a shareholder by Sept. 29th 2023 you will be eligible for a dividend payable on Oct. 12th 2023.

If you’re an addy member, you have the opportunity to invest anywhere from $1 to $10,000! However, if you’re an accredited investor and looking to invest over $10,000, simply reply to this email and let us know.

Does this mean Altadore Townhomes is closing on Sept. 29? No! Altadore Townhomes remains open. The initial tranche will be closing on Sept 29th 2023. There will be additional tranches.

What? I can get a dividend already? 💰 Yes, since this property is already cash flowing as it is fully rented and it is targeting a 3% annualized cash distribution; the General Partner generously agreed to do more than one closing with addy. This means all shareholders on record as of September 29th at 11:59am PT will receive their first distribution.

More About This Property

Altadore Townhomes are 20 beautiful, less than 3 year old, fully occupied townhomes. There are multiple exit strategies for this property, and it is a projected 8 year hold with 32 distributions projected over those 8 years, one per quarter. You can get access to the first distribution by investing before the end of day on Sept. 29!

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The General Partner:

Porte has a fully integrated team of over 50 staff across BC and Alberta. From ground up development and construction, project sales, asset and property management, and arranging financing of completed assets, Porte’s team is fully capable of providing scale and operational efficiencies. Porte was founded in 1968 and has developed, managed, and operated over 3500 residential units and 1.2M square feet of commercial space.

The Dealer:

Purchases of the issuer’s equity securities will be conducted, where permitted, through a platform operated by Atlas One Securities Inc., an exempt market dealer (NRD#: 68420) in the provinces of British Columbia, Alberta, Saskatchewan and Ontario, which has been appointed as the issuer’s agent for this offering.

The offering in this blog post is available under National Instruments 45-110 Start up Crowdfunding and Prospectus Exemptions, and is provided by Atlas One Digital Securities as an Exempt Market Dealer registered in BC, AB, SK, and ON. The content contained in this post and available on the addy website or Atlas One website is for general informational purposes only and shall not be construed as an offer to sell or a solicitation of an offer to purchase any securities. This information is made available on an “as is and as available” basis. Nothing in this post or on the addy website or Atlas One website shall be construed as an offer to sell or a solicitation of an offer to buy any securities, liabilities or assets. Atlas One shall not be liable, under any circumstances for any direct, indirect, special, incidental, consequential or punitive damages, or any other damages whatsoever, including, without limitation, lost revenues, lost profits or loss of prospective economic advantage. The information provided in this post and on the addy website or Atlas One website is intended for informational purposes only and is not intended to constitute investment, financial, legal, tax or accounting advice. Many factors unknown to us may affect the applicability of any statement or comment made on this website for investment, financial, legal, tax or accounting advice. Atlas One is not acting in any fiduciary capacity in regards to this material.

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