Avenir Diversified Income Trust
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Real Estate

Strategy

  • Focus in solid markets - B.C., Alberta and Ontario.
  • Strategic alliance in place with Mountain Development Corp.
  • Target
    • 9% to 12% yield @ 65% leverage
    • properties too large for individual investors, too small for REITS

Current Portfolio

  • 31 properties totalling approximately 625,000 square feet of leasable area.
    • 5 industrial-commercial properties located in Toronto, London (Ontario), Calgary, Fort Saskatchewan and Edmonton (Alberta).
      • 100% leased
      • long life leases with triple net fees (all costs are paid by the leasee including property management fees).
    • 11 locations occupied by Kentucky Fried Chicken franchisees, situated in North Central Alberta and British Columbia
      • 100% leased
      • cross collateralized leases with 10 year terms
    • 15 locations occupied by Landmark Theatre franchisees, situated in Western Canada, primarily Alberta and British Columbia.
      • 100% leased
      • cross collateralized leases with 20 year terms
    • Property Managers: MDC Property Services Ltd., Calgary, AB

 

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stock price: AVF.UN