200-Unit Condo Development - City Center, Abbotsford. BC - Limited Partner(LP) Investment
There is a great opportunity to engage into a new development, at the developer level. A local developer Trellis Properties is seeking Limited Partners (LP) as shareholders for a 200-unit development in Abbotsford.
Some Key Highlights:
- 200 units, 2 phases
- 2 families entrenched in building industry since 1980’s. transitioned from roofing and cabinet companies to completing over 200 residential home with 400 homes in progress.
- This is a LP opportunity. LP allows for separation and arms length financial responsibility. Investors are only responsible for the investment funds contributed
- Why Abbotsford? One of fastest growing cities in BC and Lower Mainland. High % of population are working locally, strong local economy in many sectors including heavy and light industrial, agriculture to name a few. Located close to airport, UFV campus, local transit routes, shopping centers & big box stores (within 1-2kms). Minimal city permitting red tape to development reducing times & costs. Supportive local government for developments.
- Construction costs savings doing business in this market for 30+
- No commercial component > more sq sold for residential units > more profit for investors
- If property is not moving forward 6% ROI and principle investment is returned to Investors
- Goal of 25% principle investment to be returned to Investors after Phase I
- Proactive and affordable pricing plan lead to quicker market absorption.
- 141k population in Abbotsford. 1.4% population increase annually (1,974ppl). Only 2525 dwellings were constructed from 2011-2016. Under supplied region.
- Profits are paid out to LP before General Partners profit shares are paid out.
- Developer is offering a 12.5% annual ROI. Expected time for full completion is 4 years.
For more info CLICK HERE to register.