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New Project to Announce
Howard Manley, Senior VP REDEV Properties
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I hope everyone had a great new year and it looks like we have finally turned the corner as to the economy and much more positive news. Redev has come through the recession extremely well . I have had a lot of encouraging feed back from a lot of our investors telling me they were glad the invested in Commercial real estate rather than the stock market. The Commercial Retail market is really starting again to heat up as we are getting a lot of calls to purchase properties, for your information are dealing with a couple possible sales.
We have just introduced our New Investment Opportunity (REIG) in Edmonton. Yes two projects in one investment . I encourage you contact your representative ASAP to get all the financial details as these are two great secure properties. You can also got to our web site www.redevgroup.com and view the Brochure information and Log on and watch the complete seminar at your convenience at home. Remember this is also RRSP season and why not get your hard earned money to grow for you in a safe investment. Thank you again for your continued support an look forward to a prosperous 2010.
Howard Manley
Senior Vice President
Redev Properties Ltd.
4620 Manilla Rd SE Calgary, AB T2G 4B7
howardmanley@shaw.ca
ph. 403-212-1953
cel. 403-630-4544 |
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Investments In Canada Blog
Richard Crenian, President REDEV Properties Ltd.
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Advising Mom on Real Estate Investment
(February 8, 2010 Blog Entry http://investmentsincanada.blogspot.com/
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Here is a transcript of my latest chat with our media
consultant.
Q: Richard, if you were going to give your mother advice
on what to invest in, when it comes to real estate or commercial real estate, what would you
tell her?
RC: One of the things that I would do is ask her if the company
that she's investing with, or the project that she's investing with, would it
have all of the necessary experience regarding management? Does the management
have good skills to ensure that they're going to do what they say they're going
to do? She needs to do her proper due diligence on the company and the people
she's dealing with, first and foremost.
Number two, what I would suggest
to her is that she make sure that all of her funds go into a lawyer's trust
account, and that when her funds goes into this trust account, that she has some
kind of interest attached to this money that goes into this account until it
closes. By giving her money to the lawyer's trust account, she ensures that she
would get a proper and legal closing. That would be essential to make sure that
she plays by the rules, and the company that she invests with, or the project
that she's investing into, is also properly following the rules.
I would
also ask her, what does the company sell? If it's investment in real estate, is
the company an expert in real estate? Has it had a lot of experience selling
real estate only, or is it also selling oil and gas, stocks and bonds, mutual
funds? Is it selling insurance? Is it selling land banking? I think the most
important thing is to always go to a specialist, who works in only one project
or one area of expertise. I don't believe that anyone can be an expert in every
subject, so I would be very concerned if they're selling everything. My thought
would be that they're simply looking for commissions, to make money off of the
deal. If they're responsible in selling one type of product, then that's all
they're selling, and you know that they're experts, that's it and no
worries.
When the monies come to my mom, I'd want to know if there's a
third party appointed, to disperse and handle all of the funds. In other words:
I love the developer, I think the developer is great and I love the people, but
I don't want to love them to the point where I'm going to have to have blind
trust in them, I'd want to know if there's a third party appointed to handle and
disperse all of the funds. That is just another layer of safety for me, and that
is something that I would tell my mother that is absolutely
necessary.
I'd want to know if there are any third parties involved, if
the third parties are indeed licensed by the provinces, and if indeed they are
looking after the investors' interests. Again, you can't be a jack of all
trades. If you use third-party, arms-length licensed property managers, what
you're doing is adding another layer of disclosure, and another layer of people
(and by that I mean the province) looking over the investment. I think it's
important to layer yourself in as much protection as possible.
As well,
when I get the form from the company, I don't want the company reports - company
reports only tell me the nice and glossy things. I want to know that there's a
third party, arms-length accounting firm - a proper accounting firm, like a big
six CA firm - that's compiling the statements and issuing proper tax forms for
investors.
Last but not least, I would tell my mother to go with her gut
feeling. If your gut tells you not to invest, or that it's too good to be true,
don't invest. I think if you've got a good checklist, and she's gone through it,
then she should be fine.
Yours truly,
Richard Crenian
President
Redev Properties Ltd.
To follow the blog regularly go to http://investmentsincanada.blogspot.com/
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Our New Online Seminar Is Now Available!
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We have been very happy with the response we have had to our online seminar and we have had a lot of inquiries as to when we would have our new seminar up that also tells some of the details of our new Real Estate Income Gain (REIG) Project in Edmonton. We are happy to announce that it is now up and running.
To register for the seminar you can go to our website at www.redevgroup.com or just click the following link:
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REDEV Properties
4620 Manilla Road S.E. 480 University Ave., Suite 1600
Calgary, AB, Canada, T2G 4B7 Toronto, ON, Canada, M5G 1V6
Ph: (403)212-1953 Ph:(416)460-7779
Fax: (403)770-8537 Fax: (416)352-7591
Toll Free: 1-866-668-7344 Ontario Toll Free: 1-888-668-7344
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Two Great Properties In One Investment
Featured Properties
Ellerslie Landing
REIG Highlights
- Ellerslie Landing is a multi-tenant strip plaza
- Excellent location and high exposure with daily traffic counts of 23,100 vehicles per day on Ellerslie Road and 14,100 vehicles per day on 91 Street SW.
- Buildings were completed in 2008
- The immediate area along Ellerslie Road has developed into a strong retail corridor with numerous notable tenants such as Rexall, Starbucks, Shoppers Drug Mart, Tim Horton's, RBC, TD, Scotiabank, CIBC and BMO
- Minimum investment $25,000.
- Projected average annual return after tax 15.11%
- Receive a tax deduction for 2010
- Receive any capital appreciation on the sale of the property
Plus Shoppers Drugmart Giant Tiger Building
REIG Highlights
- The property is a single building (approximately 40,166 sq. ft.) two-tenant plaza.
- The two tenants, Shoppers Drug Mart & Giant Tiger both have long term leases
- Excellent location one block west of the intersection of Stony Plain Road and 149th Street, an extremely high traffic area.
- Located directly north of Jasper Gates Shopping Centre, a 149,460 sq. ft. centre anchored by Safeway and London Drugs.
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Featured Investment
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REDEV's
RRSP Eligible REIG Program
Use your RRSP investments to profit from the lucrative commerical real estate market
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4% per annum return within your RRSP.
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Majority of growth is paid into share value - cash flow, equity growth and capital appreciation and paid to you outside the RRSP via tax advantaged dividends. -
Income splitting opportunites on portion paid outside RRSP.
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Secured by the commercial real estate. |
Contact Information:
Howard Manley - Senior Vice President
(403)212-1953
Wally Gbalajobi - Ontario Regional Manager
(416)650-0887 Ontario
(403)804-4486 Calgary
Allan Fulton
(403)381-2900
Clark Heimbeckner
(780)719-6883
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1-866-668-7374
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