Welcome to the Weekly Edition! Wishing you a delightful Saturday! Dive into our weekend reading featuring the most recent industry updates, information about an upcoming meetup in Calgary, and explore the latest opportunities available on the addy platform. 👀 

Today’s reading time is 3½ minutes.

Calgary Meetup

Join us for a relaxed meet-up at Aroma Cafe in The Harrison building in Calgary’s Marda Loop neghbourhood. Connect with other addy members and explore the realm of real estate investing. 

Details: 

Date: January 25th 2024
Location: The Harrison Building, Marda Loop, Calgary
3470 18 Street Southwest Calgary, AB T2T 6Z3
Time: 3:00pm – 6:00pm 

Quick Wins

🏠 Maple View Heights Apartments Series 3 offering closes Jan. 30th 2024. There is still time to participate in the ownership of the 108-unit purpose built rental development that includes 11 affordable rental units, located in Mission, BC.

🤑 Did you know you can see Issuer’s All-Time Distributions and Exits on the Track Record page? 

🔦 Spotlight on Porte Communities. Porte has launched 3 properties on the addy platform with a 4th on route. 

One Sneak Peek Revealed

Property Updates from addy members 👀

Did you know? addy offers an incentive to provide an update on one of the properties that has been listed on the platform. This incentive is available to all paid addy members that utilize our Discord server. We’ve been overwhelmed by the response from our members who have loved sharing updates! Here are some of the updates shared so far.

Industry News

Argentina’s Javier Milei says west ‘in danger’ in fiery Davos speech

Argentina’s President Javier Milei has accused western leaders of abandoning “the values of the west” in a high-profile address to the World Economic Forum, where his debut on the world stage met with warm applause. (Youtube)

Blackstone to take Tricon Residential private in US$3.5 billion deal

Blackstone Real Estate says it will purchase all outstanding shares in Tricon Residential Inc. and take the Toronto-based rental development company private. (CityNews)

Tricon is an owner, operator and developer of about 38,000 single-family rental homes in the U.S. and multi-family apartments in Toronto.

Canada to limit study permits for international students: internal memo

Starting later this year, the federal government will assign a fixed number of international study permits to each province, according to a Universities Canada memo obtained by the Star that offers a first glimpse at the level of cuts to the international enrolment that Ottawa is targeting. (The Star)

According to the Government of Canada, “We estimate that in 2017 and 2018 respectively, international students in Canada spent $18.4 billion and $22.3 billion on tuition, accommodation, and discretionary spending.” (Government of Canada)

CEBA fallout sets stage for ‘sizeable impact’ on B.C. real estate

The bill has come due for Canadian businesses to repay interest-free pandemic loans – a deadline that has the potential to rattle B.C.’s commercial real estate market. (BIV)

Housing market has turned a corner, Royal LePage says

Phil Soper, CEO of Royal Lepage, talks with Financial Post’s Larysa Harapyn about what’s in store for the Canadian real estate market when the Bank of Canada begins cutting interest rates. (Financial Post)

Fun Fact – Royal LePage CEO Phil Soper is an addy member

Investment Opportunities

Apex on Perkins 

Stillwater, OK 🇺🇸

This is your opportunity to participate in the ownership of a 234 unit & 732 bed student housing community located adjacent to Oklahoma State University in Stillwater, Oklahoma.

Wychwood

Toronto, ON 🇨🇦

This is your opportunity to participate in the ownership of a 9-unit multi-family complex consisting of 2 buildings located in the Wychwood neighborhood of Toronto, Ontario. 

The Harrison 

Calgary, AB 🇨🇦

This is your opportunity to participate in the ownership of 51 residential units and 12 commercial units in a single 5-storey mid-rise apartment building located in the City of Calgary.

Campaign Launches: Jan 25th 2024

Maple View Heights

Mission, BC 🇨🇦

Participate in the ownership of the 108-unit purpose built rental development, including 11 affordable rental units, located in Mission, BC that is nearing completion. 

Campaign Ends: Jan 30th 2024

Upcoming Payouts

Projected Issuance Payouts

• 🤑 Early Property Exit (Jan 2024) (exit)
• 💰 Chilliwack Starbucks (Jan 2024) (divvy)
• 💰 The Park at Willowglen (Jan 2024) (divvy)
• 💰 Apex on Perkins (Jan 2024) (divvy)
• 💰 Altadore Townhomes (Feb 21st 2023) (divvy)

Exits

Exits so far for addy members

An exit occurs when investors divest or liquidate their ownership position in an investment.

• • 💰The Lex
    22.89% ROI | 900 Investors | 11 Months
  • 💰The Cornerstone
    15% ROI | 801 Investors | 5 Months