August Investor Newsletter

August Highlights

We are very pleased to announce our second acquisition: 800 Desaulnier, our first purchase outside the Island of Montreal.

Located in a prime area of Longueuil, close to services, the bridge, and the metro, the property consists of 16 units (4½ apartments) and sits on a large lot with parking.

This exclusive off-market opportunity was brought to us by one of our consultants. To maximize available capital and carry out this large-scale project, we partnered with a long-standing associate to make it a promising co-investment.

Project #1 – 8692 St-Michel — 8 units

Phase 0: Acquisition (completed)

• Purchase price: $1,250,000
• Acquisition date: June 2025
• Holding period: 2 months
• Current appraised value: $1,800,000

Thanks to substantial pre-optimization work, we were able to generate significant value creation right from acquisition.

Phase 1: Optimization (in progress)

• Objective: Complete renovations and re-rent all units by June 2026.
• Work in progress:
• Interior: unit renovations, tile replacement, refresh of common areas
• Exterior: masonry repairs, new concrete slab at entrance, replacement of main door and central windows
• Progress:
• 25% of budget deployed
• 2 of 8 units under renovation
• Rent increases negotiated on 4 units
• 6 of 8 units currently rented

Phase 2: Refinancing (upcoming)

• Objective: Complete a strategic refinancing by December 2026, based on post-optimization value.

Phase 3: Stabilization (upcoming)

• The property will be re-appraised during refinancing in line with stabilized rents and optimized condition.

Project #2 – 800 Desaulnier — 16 units

Phase 0: Acquisition (completed)

• Purchase price: $3,000,000
• Acquisition date: August 2025
• Holding period: 0 months
• Current appraised value: $3,185,000

Phase 1: Optimization (in progress)

• Objective: Complete renovations and re-rent all units by June 2026.
• Work in progress:
• Interior: unit renovations, refresh of common areas
• Exterior: masonry repairs
• Progress:
• 0% of budget deployed
• 2 of 16 units currently vacant

Phase 2: Refinancing (upcoming)

• Objective: Complete a strategic refinancing by December 2026, based on post-optimization value.

Phase 3: Stabilization (upcoming)

• The property will be re-appraised during refinancing in line with stabilized rents and optimized condition.

Final Note

We are very satisfied with the progress of the company’s projects. This second acquisition completes our round of purchases. The remaining capital to be called will be allocated to renovations and optimization work planned over the coming months.

We will keep you informed of the next capital calls in due course.

In the meantime, we wish you an excellent month of September!