Storeys

Renaissance Retirement Residences from CORE

RENAISSANCE RETIREMENT BARRIE TRUST CLOSES ON FIRST TRANCHE TO DEVELOP SENIORS TAILORED APARTMENTS

600 240 CORE + Partners

Renaissance Retirement Barrie, a division of Core Realty Partners Inc., recently closed on $2 million of Class A shares and finalized conversion of $4 million of Class B shares.

Renaissance Retirement will focus on the development of Senior’s Tailored Apartments — the fastest growing segment in the seniors housing real estate market. The Renaissance Retirement Barrie project is a 6.73-acre property located on Yonge Street at D’Ambrosio Drive, and will be redeveloped primarily into a mixed-use community with specific focus on retirees. The development is envisioned as a multi-phased project, with the intention of building at least 250 units of seniors-tailored apartments with concierge amenities.

Seniors-tailored apartments are an innovative, high-margin model — and the fastest growing segment — in retirement and seniors housing. Moreover, according to a study from CBRE, the City of Barrie has a substantial need for residences geared towards seniors. The Renaissance team is continuing to collaborate with top planners, architects and construction companies to optimize both land use and the project’s development strategy.

For more information, visit  RenaissanceLiving.ca/Barrie

Securities offerings are made available through First Republic Capital, an exempt market dealer.

Prime Holdings Inc.

PRIME HOLDINGS 5045 ORBITOR TRUST CLOSES ON FIRST TRANCHE

600 240 CORE + Partners

Prime Holdings Inc., CORE Realty Partners Inc’s asset management division, closed its first tranche of $1.4 million of Class A shares used to purchase the first 2 levels of Building 11, 5045 Orbitor Drive located in Mississauga ON.

Located in Mississauga’s desirable airport conference district, the acquisition is the first of many planned for Prime Holdings. The property is professionally managed and fully leased, with a 12-month rental guarantee. Moreover, CORE believes that the net operating income can easily be improved within the current rental market.

For more details, visit www.primeholdingsinc.ca/orbitor.
Securities offerings are made available through First Republic Capital, an exempt market dealer.

Burling Towns Rendering

ANOTHER SUCCESSFUL EXIT: INVESTORS EXIT $5M 1ST MORTGAGE FOR FOR GLENDOR TOWNS

1280 900 CORE + Partners

CORE Capital Partners Inc. (FSRA Brokerage 12497) and CORE Mortgage Admin Corp. (FSRA Mortgage Administration License 12345, Mortgage Brokerage 12344) are pleased to announce the successful exit of all its mortgage investors — amounting to $5,000,000 — from the Glendor Towns project by DVLP. Each investor received their principal and interest, as well as all their contractual bonuses.

Glendor Towns development is at Plains Rd E & Brant St in the heart of Burlington, and — thanks in part to our investors — preconstruction homes are already 90% sold. The project plan is for 34 units and homebuyers will benefit with transit access right out their door, the QEW just minutes away, Fairview GO Station in close proximity and the Lakefront and major shopping centres just minutes from home.

DVLP will be submitting an application for site plan approval shortly to advance the project and have obtained mezzanine and construction financing from a private equity financing company based in Toronto. CORE and its investors were instrumental in financing the acquisition and soft costs for the project.

CORE wishes all the best to DVLP and the Glendor Towns project.

CORE Mortgage Trust

CORE MORTGAGE TRUST RESUMES FUNDING MORTGAGES

600 240 CORE + Partners

CORE Mortgage Trust has resumed actively funding mortgages after assessing market conditions and opportunities in light of COVID-19. Offering investors fixed income that is uncorrelated to public markets, the Fund is deploying funds — expanding the portfolio by actively funding mortgages — and our management team has sharpened their focus on recession-resistant properties in response to the COVID pandemic.

We have seen a moderate rise in market momentum, but more importantly, we see opportunities to lower our overall risk by diversifying our capital lending approach, focusing on property types with lower risk profiles in the current market conditions, such as, but not limited to:

  • gas stations
  • local grocers
  • small- and mid-sized medical & health services offices
  • storage facilities
  • boutique commercial and residential developments
  • aftermarket real estate conversions

Moreover, we are working in alignment with experienced real estate operators and capital groups, who share a similar mandate in providing yield while mitigating risks with well-defined exit strategies. The team is excited with the progress of the CORE Mortgage LP and the mortgage-funding opportunities we are finding in the current market.

WE’VE MOVED: CORE @ 5045 ORBITOR

805 328 CORE + Partners

We are excited to announce CORE has relocated to our new corporate headquarters at 5045 Orbitor Drive, Suite 102 – Building 11, Mississauga, Ontario.

We are extremely excited about this new chapter and hope to host a formal open house once it is safe to gather in larger groups.

Our new office is located in one of the two buildings at 5045 Orbitor Drive that were recently aquired by Prime Holdings, a division of CORE Realty Partners.

The property is professionally managed and fully leased, with an 18-month rental guarantee. Moreover, we believe net operating income can be improved while keeping in line with market rents.

Prime Holdings has created the Prime Holdings 5045 Trust to make this opportunity available to investors. The Prime Holdings 5045 Trust will be part of our balanced B Series investment offerings, offering both regular income and capital growth.

Renaissance Retirement Residences from CORE

CORE’S RENAISSANCE RETIREMENT DIVISION ACQUIRES BARRIE DEVELOPMENT PROPERTY

600 240 CORE + Partners

CORE is pleased to announce that Renaissance Retirement Residence, a division of CORE, recently acquired property in Barrie for its latest seniors-tailored apartments development.

The subject lands — approximately 6.73 acres — are located on the east side of Yonge Street at D’Ambrosio Drive. The site will be redeveloped primarily into a mixed-use community with specific focus on retirees. The development is envisioned as a multi-phased project, with the intention of building at least 250 units of seniors-tailored apartments with concierge amenities.

Seniors-tailored apartments are the fastest growing segment in retirement and seniors housing and real estate. According to a study with CBRE, the City of Barrie has a substantial need for residences geared towards seniors. The Renaissance team is meeting with planners, architects and construction companies to assess the optimal use and development strategy.

This exciting project will be part of our growth-oriented G Series investments, and will be made available via a limited partnership and Mutual Fund Trust.

Fernando Caeilla | Renaissance Retirement Barrie

FERNANDO CAEILLA JOINS RENAISSANCE RETIREMENT BARRIE

736 354 CORE + Partners

CORE is pleased to announce that Fernando Caeilla has joined Renaissance Retirement Residences as a development partner for our Renaissance Retirement Barrie project. Fernando brings a wealth of experience in the development space; he currently manages a mid-sized development project in St. Catherines, and has extensive experience in the sales and marketing of development projects.

Fernando was drawn to CORE’s collaborative and partnership approach to real estate investing and financing, and is excited to be part of the team on this exciting development.

PRIME HOLDINGS ACQUIRES MISSISSAUGA OFFICE CONDO BUILDINGS

805 328 CORE + Partners

Prime Holdings, a division of CORE Realty Partners, recently acquired two buildings in a commercial office condominium complex at 5045 Orbitor Drive in Mississauga, ON for $8 million.

Located in Mississauga’s desirable airport conference district, the acquisition is the first of many planned for Prime Holdings. The property is professionally managed and fully leased, with an 18-month rental guarantee. Moreover, we believe net operating income can be improved while keeping in line with market rents.

The property will also be home to CORE’s new corporate headquarters; we plan to move in September 2020.

Prime Holdings is in the process of finalizing legal and regulatory documents to make this opportunity available to interested investors under our balanced B Series investments.

Prime Holdings Inc.

INTRODUCING PRIME HOLDINGS: OUR NEW ASSET MANAGEMENT BRAND

600 240 CORE + Partners

CORE is pleased to announce it newest in-house brand – Prime Holdings Inc. Prime Holdings becomes the asset management arm for CORE Group of Companies. As its name connotes Prime Holdings Inc.’s mandate is to seek, acquire and manage prime, after market cash flowing real estate properties such as: commercial and medical offices as well as undervalued rental apartments and seniors housing.

This type of investment is ideal for forward thinking investors looking to diversify its investment portfolio to include commercial real estate which is outside the volatility of the stock market and public exchanges.

Investors can also benefit from regular income and asset appreciation over time. This CORE investment strategy belongs to the Balanced Series (B Series). Currently, CORE is focusing its first acquisition in the prime commercial office space in the greater Toronto area. More information will be shared as soon as the opportunity is firmed up and finalized.

BIG investment series

CORE LAUNCHES THE “BIG” INVESTMENT SERIES

600 244 CORE + Partners

In an effort to streamline CORE’s investment offerings, it is pleased to announce the official launching of the BIG Investment Series. The strategy answers the question: “What do you want your investment to do for you?”

BIG is an acronym that stands for:  B for Balanced, I for Income and G for Growth.

The B Series are opportunities that allow investors to participate in the acquisition and management of aftermarket, cash flowing commercial properties. An investor can benefit from immediate cash flow as well as participate in the asset appreciation upon an exit event.

The I Series opportunities typically generate income through mortgage investments. Investors can participate directly in a specific opportunity or can diversify through an investment vehicle that invests in a portfolio of mortgages.  An investor normally has security against the property and will receive consistent cash flow.

The G Series opportunities give investors access to the equity side of the business or the partnership side of the business. As such one can participate in the profit from the development and management of an asset by purchasing units in a limited partnership. Profits can be received upon an exit event such as a sale or refinance of the asset.

CORE typically invests in projects in strong or emerging, primary or secondary markets with specific focus on the greater Toronto and Golden Horseshoe areas with terms between 24 to 60 months. Asset classes would include but not limited to purpose built apartments, retirement residences, medical offices as well as self-storage properties.