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75 Prince William

75 Prince William St, Saint John, NB

75 Prince William is a 100% fully stabilized 35,033 SF office building in the central business district of Saint John, NB built in 1960 & 1982 with steel and concrete close to the Saint John river. The building is four-storeys with a basement. There is a projected monthly distribution for 8-years starting from when the raise closes estimated to be around December-2024.

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dealer

Monthly

8 Years

ISSUER

*Investments in this property are open to all residents in Canada above the age of the majority, excluding Quebec. The minimum investment on this property is $1. All transactions will require approval by the EMD on record, Equivesto Canada Inc, subject to suitability review and may be reduced.

 

The Plan

Since April 2020, the building has been 94% owned by R2 Capital Inc., the Issuer, and 6% owned by 730212 N.B. Ltd., a limited partner.

The plan is to perform a roof replacement and upgrade the roof top chiller and the heat pump. Depending on the amount raised, the Issuer will allocate the funds in the following order:

  1. $375,000 (Minimum Offering Amount) – Perform the upgrades on the roof top chiller and heat pump.
  2. $500,000 – Perform the roof replacement plus the upgrades on the roof top chiller and heat pump.
  3. $500,000 – $1,000,000 (Maximum Offering Amount) – Repurchase of existing limited partner’s units beneficial ownership which will first be used to purchase 730212 N.B. Ltd.’s 6% ownership, then R2 Capital Inc’s beneficial ownership until they have 51% beneficial ownership which allows for potential investors to own approximately 49% of the property.

ways to Payout

  • Cash Flow: There is a projected monthly distribution for 8-years starting from when the raise closes estimated to be around December-2024
  • Passive Appreciation: The property is situated at a strategic location in the central business district of Saint John, NB with the $300M Fundy Quay development in close proximity.
  • Active Appreciation: As tenant leases expiry, R2 Capital Inc. will actively negotiate renewals or search for a tenant to replace the vacating space. Contractual leases are in place for most tenants up to 2028.

The Gram

The Reels

 

Location in St Saint John, NB

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About Neighbourhood

  • Economic Development Nearby: The nearby $300 million Fundy Quay development is set to transform the waterfront with new residential, commercial, and recreational spaces. This large-scale development is expected to increase property values and attract more businesses and residents to the area, further enhancing the attractiveness of 75 Prince William Street.
  • Cultural and Heritage Attractions: The Uptown district of Saint John, where Prince William Street is located, is home to various historic sites, including the Saint John City Market, Imperial Theatre, and numerous brick alleyways and heritage buildings, providing a vibrant cultural atmosphere.
  • Historic Significance: Prince William Street is a National Historic Site of Canada, known for its concentration of late 19th-century architecture. The area features notable public and commercial buildings, showcasing fine craftsmanship and architectural styles like Italianate and Beaux-Arts.
  • Community and Lifestyle: The neighborhood offers a blend of modern amenities and historical charm, making it an attractive location for both residents and businesses. The area supports a high quality of life with its mix of shops, restaurants, parks, and cultural institutions.

Fundy Quay development

The Fundy Quay project and the redesign for the Market Slip area is well underway. The project will include private investment for the development of a mix of retail, residential, and commercial spaces, along with a new seawall, several interactive and accessible public spaces, and an extension of Harbour Passage. The multi-phase mixed use development by Fundy Harbour Group will include five buildings having a total floor area of 69,700 square meters. At full build out this project will add 677 top-tier dwelling units and over 400 internal parking spaces. The ground floor of each building will be commercial/retail space to offer a vibrant public experience to the site. While work to extend the restaurant patios along the waterfront is part of the project, they will remain open for patrons to enjoy during the 2023 summer season. The public spaces and seawall portions of the project are supported by funding from the Government of Canada, the Government of New Brunswick, and the City of Saint John. Some of the exciting new features for the space will include:

  • Outdoor winter rink
  • Four-season, indoor/outdoor restaurant patios
  • New stage and entertainment area
  • Tidal steps
  • Vendor plaza
  • Promenades and seating
  • Amphitheatre
  • Rock Pool (fountains)
  • Outdoor library lounge

 

 

 

The Issuer

Established in 2019, R2 Capital Partners Inc. is a privately held, real estate investment firm, offering investors diversified exposure to residential and commercial real estate. Utilizing a vast network of partnerships, relationships, and industry-leading technology to capitalize on emerging secondary, and tertiary markets across North America.

R2 Capital Partners Inc. offers a full-service operating platform containing expertise in acquisitions, financing, property operations, renovations, accounting, risk management, market research, and other related support functions. R2 Capital Partners Inc. is led by a senior management team with over 20 years of experience, jointly holding over $67 million in real estate assets. Headquartered in Calgary, Alberta with satellite offices in Brandon, Manitoba, and Los Angeles, California.

R2 Capital Partners Inc. have worked with a list of tenants including Superstore, Walmart, Safeway, Staples, Shoppers Drug Mart, Telus, Avis Car Rental, Tim Hortons, TD Bank, and more.

Brock Rogerson

Brock is a resistant real estate investor. As a Financial Planner, Investment Specialist, Options trader, Day trader, and Commodity Floor Trader, ™ Brock has had extensive experience in nearly every type of investing throughout the past 18 years. He was also the 12th person in Canada to achieve the JV Derivatives Market Specialist Designation.

  • During Brock’s 16 year career at CIBC Investor Services Inc., he was responsible for consulting high net worth individuals and corporations on reaching their investing and estate aspirations.
  • Brock demonstrates a continuous commitment toward engaging and supporting his clients in making informed financial decisions. After working with thousands of clients, Brock observed many of them confusing brilliance with a bull market in real estate and ultimately the reality of the plunging economy came crashing home through the recession of 2008-2009. Driven to help, Brock committed to extensive training in real estate focusing on the differences and similarities between real estate, stocks, commodities, and bonds, which positioned him to better assist his clients with making the best decisions for their overall long-term financial health.
  • Leading by example, Brock built a real estate portfolio with 148 rental units in Red Deer AB., Winnipeg MB., Mississauga ON., Chatham ON., Saint John NB., and Atlanta GA.
  • Brock has also been a member of The Real Estate Investment Network (REIN) for six years and has proven the value of having equity market and financial planning knowledge when identifying and capitalizing on investment opportunities in the real estate market.
  • Most recently Brock was recognized by The Real Estate Investment Network (REIN) by being named the “Leslie Cluff Memorial Award — Top Player of the Year 2017”, as well as, “Co-Venturer of the Year 2017”.
  • He was nominated in three categories at the Canadian Real Estate Wealth Magazine 201! awards in Vancouver (“Investor of the Year”, “Interprovincial Investor of the Year”, and won the top honors of being 2011’s “Inspirational Investor of the Year’).

Spencer Riche

Spencer has over 8 years of investing and operating experience with a primary focus on the real estate and construction sector and is responsible for deal origination, transaction execution, portfolio management and overall leadership of R2 Capital, managing over $67 Million in assets.

Spencer has an extensive background in real estate, acquiring and managing commercial and residential assets in 14-markets, across two countries. He is an expert joint venture strategist with a wealth of experience in finding off-market opportunities, renovations, and implementing creative value-add strategies. Spencer focuses on cost control, maximizing return on investment, and developing strong management teams.

Spencer started his career in the specialty trade of sprinkler-fitting spending four years with Vipond Fire. He then later advanced into the oil and gas industry working for S/A Energy Group. Spencer became proficient in trades and personal management, supervising fire suppression crews on large-scale commercial and industrial construction projects such as;

  • The Glass House – A $130 million development of 195 unit sky lofts located at 311 Hargrave St. Winnipeg, MB;
  • RBCs Convention Centre’s $180 million expansion;
  • Manitoba Hydro’s $4.9 billion Bipole III Expansion;
  • S/A Energy Group’s Line 3 Replacement, $4.3 billion project.

The Dealer

Equivesto is on a journey to reimagine how private company investment and fundraising is done in Canada. They believe in a future where access to equity investments and opportunities are not limited by privilege or network. They look to design a tomorrow that is driven on community values and collaboration.

Investing in crowdfunding and exempt market offerings has significant risk. Investors may not be able to resell their securities quickly or at all and the securities may be subject to resale restrictions. These investment opportunities may result in the loss of all or most of your investment. You may receive limited ongoing information about a company or an investment made through Equivesto. Please be aware that investments offered by third-parties through this Equivesto operated offering are risky. You may receive limited ongoing information about a company or an investment made through Equivesto.

Equivesto – Important Legal Notice and Disclosure:

Equivesto Canada Inc. is registered as an Exempt Market Dealer under applicable securities legislation in all Canadian provinces and territories, however, no securities regulatory authority has approved or expressed an opinion about the securities offered on this platform. By accessing this site and any pages thereof, you agree to be bound by its Terms of Use and Privacy Policy. Investing in crowdfunding and exempt market offerings has significant risk. Investors may not be able to resell quickly or at all. Exempt market securities may also receive limited ongoing issuer information. You should invest only if you are prepared not to receive any return on your investment and/or lose your investment in its entirety.

Please visit our Learning Centre for more information. You can contact Alex Morsink from Equivesto at support@equivesto.com.

Forward-Looking Statements

Some information contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “intention”, “will”, “may”, “can”, and similar expressions are intended to identify forward-looking statements. Although the issuer and/or dealer (as applicable) believe that the expectations reflected in such forward-looking statements and/or information with regard to a given investment opportunity are reasonable, undue reliance should not be placed on forward-looking statements since there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Furthermore, the forward-looking statements contained in a news release are made as at the date of such news release and there is no undertaking that any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.