Panurban 112°W is for accredited and eligible Canadian investors who want to benefit from the current distressed housing opportunity across the border, specifically in the greater Phoenix area.
The recovery of the Phoenix real estate market means that single family homes purchased by the fund will increase in value, while their managed rental means investor distributions.
Investors have the opportunity to benefit from adding real estate to their portfolio, without the hassles of property management and tax headaches.
This opportunity has arisen due to a severe price deterioration (on average of over 40%-60% from peak prices for the target properties) that has been caused by a combination of a cycle of over-speculation and correction over the last several years brought on by the United States sub-prime mortgage lending crisis. Notwithstanding the current level of deterioration in prices and credit availability, the General Partner believes there are strong long term prospects based on anticipated economic and overall credit market recovery combined with solid growth fundamentals, demographics and location attributes underlying the Phoenix market. It’s the perfect time to be a Canadian real estate investor.
Mark Dziedzic, president of Crossborder Realty Inc., and Accilent Capital Management have partnered together to design and deliver a product centered around real estate expertise and strong investment strategy.
An Accilent client specialist would be pleased to provide you with additional information and to determine how Panurban 112°W can suit your investment needs. Please feel free to call Accilent on weekdays between 9:00 am and 5:30 pm [EST] toll-free at 1-877-429-9779, or locally at 416-429-9779; or email us anytime at firstname.lastname@example.org.
The Partnership’s investment objective (the “Investment Objective”) is to acquire the Real Estate Portfolio (i) to achieve the potential for capital appreciation over the period of the Partnership, and (ii) on a quarterly basis with the first distribution to take effect six (6) months from the Final Closing to distribute any excess cash flow earned from rentals exceeding operating, property management and upgrade expenses from the properties in Real Estate Portfolio during the Hold Period. Based on estimates of other maintenance, rental, taxes and other costs, such quarterly distributions on average will be equal to a target range of six percent (6%) per annum. There is no assurance that actual distributions will be lesser or greater than this target amount.
The General Partner believes that despite recent weakness of the market and the large number of foreclosures, that the fundamentals of the Phoenix marketplace to drive value recovery over the longer period are intact, including the following attributes:
Phoenix is a premier retirement and vacation destination with more than 300 sun-filled days a year and an average temperature of 73 degrees.
The General Partner feels that the rental market will be stable and attractive in the target markets based on the following market attributes:
Prior to the sale of the properties in the Real Estate Portfolio, the Unit holder may receive periodic quarterly distributions from any amount of cash from rentals exceeding operating, property management and upgrade expenses from the Real Estate Portfolio, and not sufficient to be invested in additional properties. It is anticipated that such distributions, if any, will be characterized as a return of capital to the Unit holders and may exceed six percent (6%) of the original Unit price in any annual period.
Sample properties are included and detailed in the body of the Offering Memorandum for illustration purposes only as having some of the attributes of the target Properties of the Real Estate Portfolio. The properties profiled will NOT be part of the Real Estate Portfolio and there are no assurances that the General Partner will be able to identify properties with similar attributes.
The investment strategy and criteria used by the General Partner and the Investment Manager of the Fund (the “Investment Strategy and Criteria”) to meet the Investment Objective is as follows:
Accilent Capital Management Inc. (“Accilent”) is the Investment Manager of the Fund, whose role is to ensure that the Investment Objectives, Investment Strategy and Criteria of the Fund are adhered to, and to help select and monitor and manage the activities of the General Partner and Special Advisor in selecting and selling the Real Estate Portfolio.
Accilent is registered as an investment counselor and portfolio manager (ICPM), limited market dealer (LMD) and commodities trading manager by the Ontario Securities Commission and is licensed as a commodities trading adviser (CTA) under the National Futures Association that governs the United States of America.
Accilent has significant experience in developing, marketing and managing multiple investment styles across several funds, including assisting in dealing with approximately $65 million of real estate oriented funds, developing and managing a series of flow-through resource funds, managing a series of funds that invest in physical inventory of investment grade wines with a United Kingdom-based sub-advisor who is the leader in the asset class, assisting in the development of a commodities futures index, acting as the investment advisor to various funds including to the Canadian series of a Swiss-based fund of hedge funds and being investment advisor and director of a private equity fund aimed at micro-cap funds where there is an income and growth investment objective. In conjunction with other co-managers, Accilent manages approximately $45 million in assets.
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