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Heartland Townhomes

320 Heartland Crescent, Cochrane, AB

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. Porte plans to hold the Property for approximately 7 years as an income-producing asset. It projects monthly distributions.

*All transactions will require approval by the EMD on record, Equivesto Canada Inc, subject to suitability review and may be reduced.

 

Highlights

  • New Construction (2022) 48 newly constructed two-bedroom townhouse style rental units, featuring either 1.5 or 2.5 bathrooms. The townhomes are arranged in nine clusters, each containing either 4 or 8 units.
  • 1,034 SF Average Suite Size
  • 96 surface parking stalls
  • Growing Community: Cochrane’s 2024 municipal census indicate that Cochrane’s growth rate remains consistent with previous years – at approximately 5% growth year-over-year since 2011.
  • Heartland is located a short 5 minute drive to Cochrane’s charming downtown district offering many local retail, dining and commercial amenities. Heartland in Cochrane is primarily a family focused residential community offering single and multi-family homes built along tree lined boulevards and a pedestrian pathway system linking the many park spaces and playgrounds.

ways to Payout

When evaluating commercial real estate deals there are 5 primary ways an investment pays out: Cash Flow, Passive Appreciation, Mortgage Paydown, Active Appreciation, and Levered Returns on Equity. Learn more about these factors here.

Things to note about this property:

  • The cash flow distribution for this property is expected to be around 4% annually.
  • The property value at exit is estimated to be approximately $17M, representing a gain of about $2.2M from the acquisition price of $14.8M.
  • The mortgage is expected to be paid down by approximately $150,000 a year.

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Location

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About Neighbourhood

The Town of Cochrane is over 120 years old, maintaining an entrepreneurial spirit and a sense of hospitality over the years. In the past 10 years, Cochrane’s population has grown by nearly 15,000 residents. Despite this growth, Cochrane is committed to sustaining a small-town charm, making it a community of choice for families and professionals relocating in or to the Calgary region.

Cochrane is just 35 minutes northwest of downtown Calgary at the junction of Highway 1A and Highway 22. With immediate highway access, Cochrane is just a 25-minute drive from the Calgary airport and a 75-minute drive from Banff. See the official Cochrane, AB website here and the tourism website here.

You can dive even deeper on the Explore Cochrane YouTube channel.

 

 

 

The People

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

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.

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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.