In this week’s Weekly Address you’ll find the latest 👀 crack down, a couple divvy videos happening for hundreds of addy investors, a link to register for an addy webinar, news on addy, an update on Trout Lake and four (yes, 4!) properties available on the platform.
Divvy Days!!
👀 A divvy was just paid to investors in the Chilliwack Starbucks building! 🤑 This is the 11th straight quarter of dividends for investors in this property! (Watch it Happen!)
More Dividend Opportunities
🤑 Our First American Property is Projecting Quarterly Dividends 🎉
Apex on Perkins is a 234 unit & 732 bed student housing community located adjacent to Oklahoma State University in Stillwater, Oklahoma. 👀 The Issuer on this property has declared an early dividend- you have to check out the complete details here! ✅ (hint: you need to be an investor on record as of October 31, 2023 to qualify).
But wait, there’s more…
🤑 The Issuer of Altadore Townhomes has declared another early dividend. 🎉
Check out the details of this early dividend here and you can watch the first one being process live on Youtube. ✅ (hint: you need to be an investor of record by October 23, 2023 to qualify)
Industry News
🔨 B.C. cracking down on short-term rentals
Under the new rules, when passed, British Columbians will legally only be able to rent out a primary residence and one more additional secondary suite as a short-term rental. (Global News)
Feds Following Suit?
👎 Freeland considering action on short-term rentals after B.C. crackdown
Finance Minister Chrystia Freeland is applauding the B.C. government for going after short-term rentals and says the federal government is looking at what it can do on the issue as well. (CBC)
🚓 Airbnb PD?
Call them the Airbnb police. Starting next spring, a new provincial short-term rental enforcement team will crack down on illegal Airbnbs, but if there’s lessons to be learned from municipal bylaws, it will take some online detective work to catch scofflaws. (Vancouver Sun)
addy In The News
🎉 Calgary Is Converting Abandoned Offices Into Housing
“Within two weeks of launching the campaign, Addy hit its goal, raising $500,000 from 800 contributors, each of whom kicked in, on average, $600. As Olshevsky explains, every one of those micro-stakeholders receives the same return on their contribution, percentage-wise, as, say, an accredited investor who ponies up $3 million.” (Canadian Business)
🎉 Growth of Vancouver Fintech Shows Thirst for Real Estate Investment
“Indeed, addy currently has a total of four projects available for investment, a sign of substantial growth for the company over historical averages.” (Techcouver)
🎉 Crowdfunding takes a piece of Calgary office-to-residential conversions
“In Calgary, two office-to-residential conversion projects, The Cornerstone and the Petro Fina Building, have drawn the interest of more than 1,500 investors from across the country, who for as little as $1 now have a stake in the revitalization of the city’s downtown core.” (The Globe and Mail)
Register for addy “Ask Me Anything” Webinar
📺 Pop in, say hi, get your questions answered
Register for our upcoming webinar with addy Co-Founder, Stephen Jagger
📅 Monday, October 23rd 2023
🕰️ 5:30pm Pacific Time
🖊️ Register
Portfolio News
The first property on the addy platform was the Trout Lake House, we affectionally call it the “proof of concept property”. The single family house was torn down and a duplex is being built in it’s place. Check out the rendering below. To see interior renderings head over the the Trout Lake House channel in Discord.
Investment Opportunities Available Now
FAQ – Investing in USA Properties
✅ – Canadians can invest! (Residents from BC, AB, SK, MB and ON)
✅ – Yes, you have to invest using $USD
✅ – Yes, divvys will pay out in $USD
Do you have more questions about investing in the first American property to drop on the addy platform? How do you fund your USD addy wallet?
Get your questions answered here.
