PRESENTED BY EQUIVESTO
Dealer*
Annually
2 Years
Issuer
*All transactions will require approval by the EMD on record, Equivesto Canada Inc, subject to suitability review and may be reduced.
Highlights
- 18-unit multi-family complex, purpose-built rental consisting of:
- 6 two-story units (1680 sq ft each, 3 bedrooms, 1 den, 3 bathrooms)
- 6 basement units (840 sq ft each, 2 bedrooms, 1 bathroom)
- 6 units above garages (500 sq ft each, 1 bedroom, 1 bathroom).
- The bright livable basement units will sit above final grade by approximately 5’, thereby allowing for windows and an abundance of natural sunlight.
- The total project buildout will be +/-18,120 sf., with a total site coverage of 40 %.
- Additionally, included on the site, are 18 individual secured bike lockers capable of housing 2 bikes each.
ways to Payout
- Capital Appreciation: The Class B units will be redeemed on completion of the Partnership’s townhome project estimated to be within 24 months of investment.
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Location
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About Neighbourhood
The project is located in Saanich, a growing municipality near Victoria and part of the Greater Victoria area. The District of Saanich’s population in 2021 was 117,735 making it the largest municipality in the Capital Regional District, the eighth largest in the province, and the 44th largest in Canada (source).
This development project is located in the High Quadra neighbourhood of Saanich which is a primarily residential neigbourhood centrally located and with close proximity to Highway 17 that connects Downtown Victoria to YYJ Airport and the Swartz Bay BC Ferries terminal.
About Real Estate Market
Rental Market: The Greater Victoria residential market is characterized by low vacancy rates (ranging from 0.5% to 1.6%) and increasing demand for rental units. Multi-family properties in Victoria have been trading at capitalization rates between 3.50% and 4.50%.
The Issuer
Dale Bellevance
Dale Bellavance/Shield Developments; the General Partner [GP], has over 45 years of senior management and entrepreneurial experience in a wide variety of mid to large-scale recreational, residential, commercial, and industrial projects. Comfortable in government offices, the boardroom, or in the field. Dale’s experience in navigating municipal approvals has been instrumental in the success of some of BC’s most challenging projects.
Throughout his career, Dale has successfully worked with various types of financial institutions, local and offshore investors, stakeholders, and shareholders. He has played a lead role in negotiating with governments, investors, communities, special interest groups, and First Nations.
Dale uses his broad range of international experiences to integrate new technologies and concepts into ongoing projects. Dale’s background in construction includes roads, bridges, infrastructure, single-family, multifamily, commercial, low, and medium-rise buildings.
Since returning to Canada on a full-time basis in 1980, Dale has provided senior management development expertise, including finance, permitting, master planning and construction management throughout Canada. He has been developing since 1980 and provides his consulting expertise for other successful investor’s/developer’s projects, ranging from $2 million to $1.2 billion.
While each of the projects Shield will be developing may be smaller in scope than many of Dale’s successfully completed projects, Dale is excited and passionate about using his experience, connections, and resources to meet Greater Victoria’s urgent housing demand, while (following this project) building a portfolio of stable investments with recurring passive income.
Praveen Varshney
Praveen has been a principal of Varshney Capital Corp., a Vancouver based family office, since 1991. He’s also a Founding Director of Pyfera Growth Capital & a Founding Director of Humanitas Smart Planet Fund, both with a social impact focus. Mr. Varshney obtained his UBC Sauder BComm in 1987 and is a FCPA, FCA. He has been a member of the Vancouver Chapter of EO since 1996 and a founding Director & Charter Member of TiE Vancouver since 2000.
He has been a Co-Founder, Director or Officer of many publicly traded and private companies over the years such as one of Canada’s first producing diamonds mines, Mogo and Little Kitchen Academy. He’s also served on numerous charity boards over the years including The Vancouver Foundation and Foundations for Social Change.
Praveen also has years of real estate experience in various asset classes like retirement homes, RV Parks, hotels and in particular multifamily through SarmayaCapital.com and 3HProperties.com and industrial/warehouse through StonewaterProperties.com
Praveen is also a recipient of Business in Vancouver’s 40 Under 40 Awards, the 2020 Greater Vancouver Board of Trade Wendy McDonald Diversity Awards Outstanding Mentor and 2021 inaugural, 2022 and 2023 Business in Vancouver Top 500 Most Influential Business Leaders in BC (Banking & Finance – Private Equity, Venture Capital & Hedge Funds category).
Alisia Bellavance
Alisia started her professional career as a licensed insurance agent working for a well-known insurance provider in Victoria, BC. After a few years in the insurance field, Alisia decided to follow her strong interest in real estate development and joined the Bell Group team.
Alisia has now been a part of the team for over 12 years, tracking market trends and forecasts, vigorously following government housing policies and land use bylaws from all levels of government, private and public development opportunities and land acquisitions.
In addition to her roles and duties for Bell Group, Alisia is a General Partner and the corporate secretary for Shield Developments – Ferndale Townhomes LP development project. Alisia was responsible for identifying and securing the redevelopment property for this project and has played a key role in the projects overall design and unit layouts.
Alisia is an active member of LandlordsBC and is currently pursuing the property management accreditation through UBC.
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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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.