Heartland Townhomes located in Cochrane, AB has dropped!
The Heartland Townhomes project is a new, family oriented, 48 unit rental townhome project located in the rapidly growing neighbourhood of Heartland in Cochrane, AB. More details are available in your addy account.
Porte has a proven history on the addy platform with four other projects that to-date, have delivered regular distributions. With a focus on well-researched markets and properties, they have raised from thousands of investors on the addy platform.
Past projects include:
- The Harrison (Calgary, AB) – 51 residential units and 12 commercial units in a single 5-storey mid-rise apartment building located in the City of Calgary, with regular distributions.
- Airdrie Block (Airdrie, AB) – 40 two- and three-bedroom townhomes in the rapidly growing town of Airdrie, just north of Calgary with regular distributions.
- The Park at Willowglen (Calgary, AB) – 280,000 SF suburban campus style office park on a 20.67 acres site in central Northeast Calgary with regular distributions.
- Altadore Townhomes (Calgary, AB) – 20 multifamily units, consisting of 10 three-bedroom and 10 four-bedroom rental units in the heart of the Altadore community. This investment has had regular distributions.
Invest by midnight PT on Nov 30, 2024 to be eligible for the first divvy!
This is an already cash-flowing property and the Issuer has declared an early dividend! This means that any investors on record as of 11:59 pm PT on November 30, 2024 will be eligible for the first estimated distribution and monthly thereafter.
Estimated Distribution Schedule
More details on the property:
Check out these videos below or visit the property page here on in your addy account.
Other Ways This Prop Pays 🤑
- The cash flow distribution for this property is expected to be around 4% annually.
- The property value at exit is estimated to be approximately $17.7M, representing a gain of about $2.9M from the acquisition price of $14.8M.
- The mortgage is expected to be paid down by approximately $150,000 a year.
Invest in Cochrane
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:
Purchasing these securities will be conducted by Equivesto Canada Inc. (Equivesto), an Exempt Market Dealer (EMD) in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, Yukon, North West Territories, Nunavut, Prince Edward Island, Nova Scotia, New Brunswick, and Newfoundland and Labrador (ND# 63820). Equivesto and Addy Portal Corporation (addy) have entered into an agreement, pursuant to which and subject to its terms, Equivesto shall act in the capacity of an EMD for distributions facilitated by addy. This portal is operated pursuant to that agreement.
